CuriosityStream (NASDAQ:CURI) Earns "Buy" Rating from Needham & Company LLC

CuriosityStream (NASDAQ:CURI - Get Free Report)'s stock had its "buy" rating reissued by investment analysts at Needham & Company LLC in a research report issued to clients and investors on Thursday,Benzinga reports. They presently have a $3.00 price objective on the stock. Needham & Company LLC's price objective indicates a potential upside of 22.20% from the company's previous close.

CuriosityStream Trading Up 0.2 %

NASDAQ CURI traded up $0.01 during trading on Thursday, reaching $2.46. The company's stock had a trading volume of 117,157 shares, compared to its average volume of 261,185. The stock has a market capitalization of $136.20 million, a PE ratio of -8.77 and a beta of 1.30. CuriosityStream has a 1-year low of $0.94 and a 1-year high of $3.22. The business has a 50-day moving average price of $2.63 and a 200-day moving average price of $2.16.

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

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the stock. Geode Capital Management LLC grew its holdings in CuriosityStream by 21.2% during the third quarter. Geode Capital Management LLC now owns 322,946 shares of the company's stock valued at $617,000 after purchasing an additional 56,402 shares during the last quarter. Virtu Financial LLC boosted its holdings in shares of CuriosityStream by 115.5% during the 3rd quarter. Virtu Financial LLC now owns 27,812 shares of the company's stock worth $53,000 after buying an additional 14,905 shares during the period. Penbrook Management LLC acquired a new position in CuriosityStream in the 4th quarter valued at $247,000. Delta Financial Group Inc. raised its holdings in CuriosityStream by 17.7% in the 4th quarter. Delta Financial Group Inc. now owns 67,587 shares of the company's stock worth $103,000 after acquiring an additional 10,182 shares during the period. Finally, Renaissance Technologies LLC raised its holdings in 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 acquiring an additional 41,454 shares during the period. 6.79% of the stock is owned by 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.