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

Needham & Company LLC restated their buy rating on shares of CuriosityStream (NASDAQ:CURI) in a research report released on Wednesday morning,Benzinga reports. The firm currently has a $3.00 price target on the stock.

CuriosityStream Stock Up 19.9 %

Shares of CuriosityStream stock opened at $2.53 on Wednesday. CuriosityStream has a 12-month low of $0.50 and a 12-month high of $3.00. The stock has a market cap of $140.36 million, a P/E ratio of -9.04 and a beta of 1.22. The business’s 50 day moving average is $2.30 and its 200-day moving average is $2.01.

CuriosityStream (NASDAQ:CURI) last announced its quarterly earnings data 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). 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 for the quarter, compared to the consensus estimate of $14.51 million. On average, sell-side analysts expect that CuriosityStream will post -0.2 EPS for the current year.

Institutional Investors Weigh In On CuriosityStream

Large investors have recently added to or reduced their stakes in the business. Penbrook Management LLC bought a new stake in CuriosityStream in the 4th quarter valued at $247,000. Geode Capital Management LLC raised its stake in CuriosityStream by 21.2% in the 3rd quarter. Geode Capital Management LLC now owns 322,946 shares of the company’s stock valued at $617,000 after acquiring an additional 56,402 shares during the period. Delta Financial Group Inc. raised its stake in CuriosityStream by 17.7% in the 4th quarter. Delta Financial Group Inc. now owns 67,587 shares of the company’s stock valued at $103,000 after acquiring an additional 10,182 shares during the period. Virtu Financial LLC raised its stake in CuriosityStream by 115.5% in the 3rd quarter. Virtu Financial LLC now owns 27,812 shares of the company’s stock valued at $53,000 after acquiring an additional 14,905 shares during the period. Finally, Focus Partners Wealth acquired a new position in CuriosityStream in the 4th quarter valued at $28,000. 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.