CuriosityStream's (CURI) "Buy" Rating Reiterated at Needham & Company LLC

CuriosityStream (NASDAQ:CURI - Get Free Report)'s stock had its "buy" rating restated by Needham & Company LLC in a research note issued on Thursday,Benzinga reports. They currently have a $3.00 price target on the stock. Needham & Company LLC's price target would suggest a potential upside of 20.97% from the stock's previous close.

CuriosityStream Stock Performance

Shares of CuriosityStream stock traded down $0.17 during trading on Thursday, hitting $2.48. 293,120 shares of the company's stock were exchanged, compared to its average volume of 261,968. The stock has a market capitalization of $137.59 million, a price-to-earnings ratio of -8.86 and a beta of 1.30. The business has a 50-day simple moving average of $2.63 and a 200-day simple moving average of $2.15. CuriosityStream has a 52-week low of $0.94 and a 52-week high of $3.22.

CuriosityStream (NASDAQ:CURI - Get Free Report) last released its quarterly earnings data on Tuesday, March 11th. The company reported ($0.05) EPS for the quarter, missing the consensus estimate of ($0.02) by ($0.03). CuriosityStream had a negative return on equity of 22.18% and a negative net margin of 28.56%. The company had revenue of $51.13 million during the quarter, compared to analysts' expectations of $14.51 million. On average, equities analysts anticipate that CuriosityStream will post -0.2 earnings per share for the current fiscal year.

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Institutional Trading of CuriosityStream

Institutional investors have recently bought and sold shares of the business. Focus Partners Wealth acquired a new stake in CuriosityStream in the 4th quarter worth about $28,000. Cubist Systematic Strategies LLC raised its position in shares of CuriosityStream by 65.3% during the 4th quarter. Cubist Systematic Strategies LLC now owns 27,130 shares of the company's stock valued at $42,000 after buying an additional 10,722 shares during the period. Manatuck Hill Partners LLC lifted 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 valued at $842,000 after purchasing an additional 69,100 shares during the last quarter. Renaissance Technologies LLC boosted its stake in CuriosityStream by 9.7% during the fourth quarter. Renaissance Technologies LLC now owns 470,900 shares of the company's stock worth $720,000 after buying an additional 41,454 shares during the period. Finally, Geode Capital Management LLC increased its holdings in CuriosityStream by 2.4% in the 4th quarter. Geode Capital Management LLC now owns 330,615 shares of the company's stock valued at $506,000 after purchasing an additional 7,669 shares during the last quarter. 6.79% of the stock is owned by institutional investors and hedge funds.

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.