Needham & Company LLC Reaffirms “Buy” Rating for CuriosityStream (NASDAQ:CURI)

CuriosityStream (NASDAQ:CURI)‘s stock had its “buy” rating reissued by analysts at Needham & Company LLC in a research report issued to clients and investors on Thursday,Benzinga reports. They currently have a $3.00 price objective on the stock. Needham & Company LLC’s price target points to a potential upside of 20.97% from the stock’s current price.

CuriosityStream Trading Down 6.4 %

Shares of CuriosityStream stock opened at $2.48 on Thursday. The company’s 50-day moving average price is $2.63 and its 200-day moving average price is $2.15. CuriosityStream has a 12-month low of $0.94 and a 12-month high of $3.22. The company has a market cap of $137.59 million, a price-to-earnings ratio of -8.86 and a beta of 1.22.

CuriosityStream (NASDAQ:CURI) last announced its quarterly earnings results on Tuesday, March 11th. The company reported ($0.05) EPS for the quarter, missing the consensus estimate of ($0.02) by ($0.03). The firm had revenue of $51.13 million during 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%. On average, sell-side analysts predict that CuriosityStream will post -0.2 earnings per share for the current year.

Hedge Funds Weigh In On CuriosityStream

A number of hedge funds and other institutional investors have recently bought and sold shares of CURI. Manatuck Hill Partners LLC lifted its holdings in shares of CuriosityStream by 14.4% during the 4th quarter. Manatuck Hill Partners LLC now owns 550,000 shares of the company’s stock worth $842,000 after acquiring an additional 69,100 shares during the last quarter. Renaissance Technologies LLC raised its position in CuriosityStream by 9.7% during the fourth quarter. Renaissance Technologies LLC now owns 470,900 shares of the company’s stock valued at $720,000 after purchasing an additional 41,454 shares in the last quarter. Geode Capital Management LLC raised its position in CuriosityStream by 2.4% during the fourth 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 in the last quarter. Penbrook Management LLC bought a new stake in CuriosityStream during the fourth quarter worth about $247,000. Finally, Delta Financial Group Inc. boosted its holdings in shares of 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 purchasing an additional 10,182 shares in the last quarter. Hedge funds and other institutional investors own 6.79% of the company’s stock.

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.