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

CuriosityStream (NASDAQ:CURI)‘s stock had its “buy” rating reiterated by stock analysts at Needham & Company LLC in a report released on Wednesday,Benzinga reports. They currently have a $3.00 price target on the stock. Needham & Company LLC’s price objective would suggest a potential upside of 19.05% from the company’s current price.

CuriosityStream Stock Down 0.4 %

Shares of CURI opened at $2.52 on Wednesday. The firm has a market cap of $139.81 million, a PE ratio of -9.00 and a beta of 1.22. The company’s fifty day moving average is $2.32 and its two-hundred day moving average is $2.02. CuriosityStream has a fifty-two week low of $0.50 and a fifty-two week high of $3.00.

CuriosityStream (NASDAQ:CURI) last posted its quarterly earnings results on Tuesday, March 11th. The company reported ($0.05) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.03). The firm had revenue of $51.13 million for the quarter, compared to analysts’ expectations 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, equities research analysts anticipate that CuriosityStream will post -0.2 earnings per share for the current year.

Institutional Investors Weigh In On CuriosityStream

Several institutional investors have recently bought and sold shares of CURI. Penbrook Management LLC purchased a new stake in shares of CuriosityStream during the fourth quarter valued at approximately $247,000. Geode Capital Management LLC increased its stake in CuriosityStream by 21.2% during the 3rd quarter. Geode Capital Management LLC now owns 322,946 shares of the company’s stock worth $617,000 after buying an additional 56,402 shares during the period. Delta Financial Group Inc. increased its stake in CuriosityStream by 17.7% during the 4th quarter. Delta Financial Group Inc. now owns 67,587 shares of the company’s stock worth $103,000 after buying an additional 10,182 shares during the period. Virtu Financial LLC lifted its holdings in CuriosityStream by 115.5% in 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 in the last quarter. Finally, Focus Partners Wealth purchased a new position in CuriosityStream in the 4th quarter valued at about $28,000. 6.79% of the stock is currently owned by hedge funds and other institutional investors.

CuriosityStream Company Profile

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.