Gaia initiated with a Buy at Roth MKM

Roth MKM analyst George Kelly initiated coverage of Gaia (GAIA) with a Buy rating and $10 price target Gaia has a streaming video subscription business, specializing in unique content, and has scaled quickly in recent years to now have 850,000 subscribers and a more stable and predictable margin structure, the analyst tells investors in a research note. Going forward, the firm expects the company’s growth to accelerate from pricing and a host of soon-to-launch initiatives. It also sees additional growth levers that are unmodeled, “for now.” Roth likes Gaia’s risk/reward at current share levels.