CuriosityStream (NASDAQ:CURI) Price Target Raised to $4.80 at Needham & Company LLC

CuriosityStream (NASDAQ:CURI) had its price objective raised by equities researchers at Needham & Company LLC from $2.95 to $4.80 in a report issued on Wednesday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Needham & Company LLC’s price target would indicate a potential upside of 44.40% from the company’s current price.

Separately, Barrington Research raised CuriosityStream from a “market perform” rating to an “outperform” rating and set a $6.00 target price on the stock in a research note on Wednesday.

CuriosityStream Stock Performance

NASDAQ:CURI opened at $3.32 on Wednesday. The firm has a market capitalization of $191.55 million, a PE ratio of -11.87 and a beta of 1.38. The stock’s fifty day moving average is $2.83 and its 200 day moving average is $2.32. CuriosityStream has a fifty-two week low of $0.98 and a fifty-two week high of $4.21.

CuriosityStream (NASDAQ:CURI) last announced its earnings results on Tuesday, May 6th. The company reported $0.01 earnings per share for the quarter, beating the consensus estimate of ($0.01) by $0.02. CuriosityStream had a negative net margin of 28.56% and a negative return on equity of 22.18%. The business had revenue of $15.09 million for the quarter, compared to the consensus estimate of $14.95 million. Equities analysts forecast that CuriosityStream will post -0.2 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in CURI. Focus Partners Wealth bought a new stake in CuriosityStream during the 4th quarter valued at about $28,000. Merit Financial Group LLC bought a new stake in shares of CuriosityStream in the first quarter valued at about $29,000. Cubist Systematic Strategies LLC raised its holdings in shares of CuriosityStream by 65.3% in the fourth quarter. Cubist Systematic Strategies LLC now owns 27,130 shares of the company’s stock valued at $42,000 after acquiring an additional 10,722 shares in the last quarter. Virtu Financial LLC lifted its stake in CuriosityStream by 115.5% in the third quarter. Virtu Financial LLC now owns 27,812 shares of the company’s stock worth $53,000 after acquiring an additional 14,905 shares during the period. Finally, Delta Financial Group Inc. grew its holdings 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 acquiring an additional 10,182 shares in the last quarter. 6.79% of the stock is currently 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.