Gaia (NASDAQ:GAIA) Share Price Passes Above Two Hundred Day Moving Average - What's Next?

Gaia, Inc. (NASDAQ:GAIA - Get Free Report) shares passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $4.90 and traded as high as $5.30. Gaia shares last traded at $5.26, with a volume of 38,892 shares trading hands.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. StockNews.com assumed coverage on shares of Gaia in a research note on Sunday, April 13th. They set a "hold" rating for the company. Roth Capital raised shares of Gaia to a "strong-buy" rating in a report on Tuesday, February 11th. Finally, Roth Mkm reissued a "buy" rating and set a $9.00 target price (down previously from $10.00) on shares of Gaia in a report on Tuesday, March 11th.

Gaia Stock Down 9.7%

The company has a debt-to-equity ratio of 0.06, a current ratio of 0.43 and a quick ratio of 0.43. The business's fifty day simple moving average is $4.17 and its two-hundred day simple moving average is $4.88. The company has a market cap of $119.10 million, a PE ratio of -17.59 and a beta of 1.02.

Gaia (NASDAQ:GAIA - Get Free Report) last released its quarterly earnings data on Monday, May 12th. The company reported ($0.04) earnings per share for the quarter, meeting analysts' consensus estimates of ($0.04). Gaia had a negative net margin of 7.23% and a negative return on equity of 6.90%. On average, analysts predict that Gaia, Inc. will post -0.23 earnings per share for the current year.

Institutional Trading of Gaia

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Ameriprise Financial Inc. grew its stake in Gaia by 0.3% during the 4th quarter. Ameriprise Financial Inc. now owns 1,114,980 shares of the company's stock valued at $5,006,000 after acquiring an additional 3,124 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its holdings in shares of Gaia by 21.1% during the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 20,453 shares of the company's stock worth $79,000 after buying an additional 3,557 shares during the last quarter. Renaissance Technologies LLC increased its holdings in shares of Gaia by 4.1% during the 4th quarter. Renaissance Technologies LLC now owns 190,500 shares of the company's stock worth $855,000 after buying an additional 7,460 shares during the last quarter. Huntleigh Advisors Inc. lifted its holdings in Gaia by 16.9% in the first quarter. Huntleigh Advisors Inc. now owns 65,758 shares of the company's stock valued at $253,000 after acquiring an additional 9,483 shares during the last quarter. Finally, P.A.W. Capital Corp lifted its holdings in Gaia by 8.6% in the first quarter. P.A.W. Capital Corp now owns 190,000 shares of the company's stock valued at $732,000 after acquiring an additional 15,000 shares during the last quarter. Hedge funds and other institutional investors own 40.53% of the company's stock.

About Gaia

Gaia, Inc operates a digital video subscription service and online community for underserved member base in the United States, Canada, Australia, and internationally. The company has a digital content library with various titles in Spanish, German, and French languages available to its subscribers on internet connected devices.