CuriosityStream (NASDAQ:CURI) Issues 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, beating the consensus estimate of ($0.35) by $0.05, MarketWatch Earnings reports. CuriosityStream had a negative net margin of 52.81% and a negative return on equity of 20.79%. During the same period in the previous year, the firm posted ($0.31) earnings per share.

CuriosityStream stock traded down $0.08 during midday trading on Friday, hitting $1.78. 996,385 shares of the stock were exchanged, compared to its average volume of 467,221. The company has a fifty day simple moving average of $2.75 and a two-hundred day simple moving average of $4.97. CuriosityStream has a 52 week low of $1.61 and a 52 week high of $15.94. The stock has a market capitalization of $93.92 million, a PE ratio of -1.89 and a beta of 0.90.

A number of institutional investors have recently added to or reduced their stakes in CURI. State Street Corp lifted its stake in CuriosityStream by 8.4% in the fourth quarter. State Street Corp now owns 475,470 shares of the company’s stock valued at $2,820,000 after buying an additional 36,719 shares in the last quarter. Millennium Management LLC lifted its stake in CuriosityStream by 897.0% in the fourth quarter. Millennium Management LLC now owns 450,998 shares of the company’s stock valued at $2,674,000 after buying an additional 405,761 shares in the last quarter. Goldman Sachs Group Inc. lifted its stake in CuriosityStream by 523.3% in the fourth quarter. Goldman Sachs Group Inc. now owns 228,768 shares of the company’s stock valued at $1,357,000 after buying an additional 192,065 shares in the last quarter. Morgan Stanley lifted its stake in CuriosityStream by 22.6% in the second quarter. Morgan Stanley now owns 125,744 shares of the company’s stock valued at $1,715,000 after buying an additional 23,218 shares in the last quarter. Finally, D. E. Shaw & Co. Inc. bought a new position in CuriosityStream in the fourth quarter valued at approximately $721,000. 20.39% of the stock is currently owned by institutional investors and hedge funds.

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