Gaia, Inc. (NASDAQ:GAIA) Short Interest Update

Gaia, Inc. (NASDAQ:GAIA) was the target of a large decline in short interest in the month of March. As of March 15th, there was short interest totalling 21,600 shares, a decline of 58.2% from the February 28th total of 51,700 shares. Based on an average trading volume of 36,000 shares, the short-interest ratio is currently 0.6 days. Currently, 0.1% of the company’s shares are short sold.

Gaia Stock Down 7.8 %

GAIA traded down $0.31 on Friday, hitting $3.69. 54,983 shares of the company were exchanged, compared to its average volume of 32,119. The firm has a 50-day moving average price of $4.76 and a two-hundred day moving average price of $5.09. The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 0.06. Gaia has a twelve month low of $3.03 and a twelve month high of $6.53. The company has a market cap of $92.52 million, a price-to-earnings ratio of -13.67 and a beta of 0.78.

Gaia (NASDAQ:GAIA) last announced its quarterly earnings data on Monday, March 10th. The company reported ($0.03) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.04) by $0.01. Gaia had a negative return on equity of 6.90% and a negative net margin of 7.23%. The business had revenue of $24.43 million during the quarter, compared to analysts’ expectations of $24.40 million. On average, equities analysts predict that Gaia will post -0.23 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms recently weighed in on GAIA. Roth Capital raised shares of Gaia to a “strong-buy” rating in a research report on Tuesday, February 11th. Roth Mkm reissued a “buy” rating and issued a $9.00 price objective (down previously from $10.00) on shares of Gaia in a research note on Tuesday, March 11th. Finally, StockNews.com started coverage on shares of Gaia in a research note on Friday. They set a “buy” rating on the stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of Gaia during the 3rd quarter worth $49,000. Geode Capital Management LLC raised its stake in Gaia by 13.9% in the third quarter. Geode Capital Management LLC now owns 179,050 shares of the company’s stock valued at $872,000 after buying an additional 21,870 shares in the last quarter. Peapod Lane Capital LLC purchased a new stake in Gaia during the 4th quarter worth about $2,804,000. Renaissance Technologies LLC boosted its position 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 acquiring an additional 7,460 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in shares of Gaia by 7.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 406,911 shares of the company’s stock valued at $1,827,000 after acquiring an additional 27,289 shares during the last quarter. Institutional investors and hedge funds own 40.53% of the company’s stock.

Gaia Company Profile

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.