CuriosityStream (NASDAQ:CURI) Stock Price Up 4.5% - Should You Buy?

CuriosityStream Inc. (NASDAQ:CURI - Get Free Report) was up 4.5% on Thursday . The company traded as high as $2.90 and last traded at $2.76. Approximately 376,487 shares changed hands during mid-day trading, an increase of 14% from the average daily volume of 331,337 shares. The stock had previously closed at $2.64.

Wall Street Analysts Forecast Growth

Separately, Needham & Company LLC boosted their price objective on shares of CuriosityStream from $1.35 to $3.00 and gave the stock a "buy" rating in a report on Thursday, November 7th.

CuriosityStream Trading Up 5.1 %

The firm has a market capitalization of $149.80 million, a PE ratio of -9.64 and a beta of 1.15. The business's 50 day simple moving average is $2.09 and its two-hundred day simple moving average is $1.91.

Insider Buying and Selling at CuriosityStream

In related news, CEO Clinton Larry Stinchcomb bought 17,877 shares of the firm's stock in a transaction on Thursday, December 12th. The stock was acquired at an average cost of $1.68 per share, for a total transaction of $30,033.36. Following the purchase, the chief executive officer now owns 2,155,306 shares in the company, valued at approximately $3,620,914.08. This represents a 0.84 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 49.60% of the company's stock.

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Institutional Investors Weigh In On CuriosityStream

A number of hedge funds have recently added to or reduced their stakes in the stock. Focus Partners Wealth purchased a new stake in CuriosityStream during the 4th quarter valued at $28,000. Cubist Systematic Strategies LLC increased its stake in shares of CuriosityStream by 65.3% in the 4th quarter. Cubist Systematic Strategies LLC now owns 27,130 shares of the company's stock worth $42,000 after purchasing an additional 10,722 shares in the last quarter. Manatuck Hill Partners LLC increased its stake in shares of CuriosityStream by 14.4% in the 4th quarter. Manatuck Hill Partners LLC now owns 550,000 shares of the company's stock worth $842,000 after purchasing an additional 69,100 shares in the last quarter. Renaissance Technologies LLC increased its stake in shares of CuriosityStream by 9.7% in the 4th quarter. Renaissance Technologies LLC now owns 470,900 shares of the company's stock worth $720,000 after purchasing an additional 41,454 shares in the last quarter. Finally, Geode Capital Management LLC increased its stake in shares of CuriosityStream by 2.4% in the 4th quarter. Geode Capital Management LLC now owns 330,615 shares of the company's stock worth $506,000 after purchasing an additional 7,669 shares in the last quarter. 6.79% of the stock is currently owned by hedge funds and other institutional investors.

About CuriosityStream

CuriosityStream Inc operates as a factual content streaming service and media company. The company provides premium video and audio programming services in various categories of factual entertainment, including science, history, society, nature, lifestyle, and technology through direct subscription video on-demand (SVoD) platforms accessible by internet connected devices, or indirectly via distribution partners who deliver CuriosityStream content via distributor's platform or system, as well as through bundled content licenses for SVoD and linear offerings, talks and courses, and partner bulk sales.