CuriosityStream (NASDAQ:CURI) Announces Quarterly Earnings Results

CuriosityStream (NASDAQ:CURI – Get Rating) posted its quarterly earnings data on Thursday. The company reported ($0.30) earnings per share for the quarter, topping the consensus estimate of ($0.35) by $0.05, MarketWatch Earnings reports. CuriosityStream had a negative return on equity of 20.79% and a negative net margin of 52.81%. During the same period in the previous year, the company earned ($0.31) EPS.

Shares of NASDAQ:CURI traded down $0.08 during midday trading on Friday, reaching $1.78. 996,385 shares of the company traded hands, compared to its average volume of 467,221. CuriosityStream has a 12 month low of $1.61 and a 12 month high of $15.94. The firm has a market capitalization of $93.92 million, a price-to-earnings ratio of -1.89 and a beta of 0.90. The firm’s fifty day moving average price is $2.75 and its two-hundred day moving average price is $4.97.

Several large investors have recently added to or reduced their stakes in CURI. Millennium Management LLC raised its stake in shares of CuriosityStream by 897.0% during the 4th quarter. Millennium Management LLC now owns 450,998 shares of the company’s stock valued at $2,674,000 after purchasing an additional 405,761 shares during the period. Goldman Sachs Group Inc. increased its stake in CuriosityStream by 523.3% in the 4th quarter. Goldman Sachs Group Inc. now owns 228,768 shares of the company’s stock worth $1,357,000 after acquiring an additional 192,065 shares during the last quarter. D. E. Shaw & Co. Inc. bought a new position in CuriosityStream in the 4th quarter worth about $721,000. Marshall Wace LLP bought a new position in CuriosityStream in the 4th quarter worth about $400,000. Finally, Wells Fargo & Company MN increased its stake in CuriosityStream by 183.0% in the 4th quarter. Wells Fargo & Company MN now owns 82,217 shares of the company’s stock worth $487,000 after acquiring an additional 53,168 shares during the last quarter. Institutional investors own 20.39% of the company’s stock.

Several research firms have weighed in on CURI. DA Davidson cut their price objective on CuriosityStream from $23.00 to $8.00 and set a “buy” rating on the stock in a research report on Friday, March 25th. Zacks Investment Research cut CuriosityStream from a “hold” rating to a “sell” rating in a research report on Tuesday, March 29th. Needham & Company LLC cut their price objective on CuriosityStream from $6.00 to $5.00 and set a “buy” rating on the stock in a research report on Friday, March 25th. Stifel Nicolaus cut their price objective on CuriosityStream from $10.00 to $4.00 and set a “hold” rating on the stock in a research report on Friday, March 25th. Finally, Barrington Research dropped their price target on CuriosityStream from $10.00 to $7.00 in a research report on Tuesday, April 5th. Two research analysts have rated the stock with a sell rating, one has given a hold rating and five have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $9.38.

CuriosityStream Company Profile (Get Rating)

CuriosityStream Inc operates as a factual content streaming service and media company. The company provides premium video 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 the distributor's platform or system; and through bundled content licenses for SVoD and linear offerings, partner bulk sales, brand partnerships, and content sales.

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