Needham & Company LLC Raises CuriosityStream (NASDAQ:CURI) Price Target to $3.00

CuriosityStream (NASDAQ:CURI) had its target price increased by equities research analysts at Needham & Company LLC from $1.35 to $3.00 in a research report issued on Thursday,Benzinga reports. The firm currently has a “buy” rating on the stock. Needham & Company LLC’s target price indicates a potential upside of 55.44% from the stock’s previous close.

CuriosityStream Trading Down 26.6 %

NASDAQ:CURI traded down $0.70 during trading hours on Thursday, hitting $1.93. 1,067,582 shares of the stock were exchanged, compared to its average volume of 409,061. CuriosityStream has a 52-week low of $0.45 and a 52-week high of $3.00. The firm’s fifty day moving average price is $2.05 and its 200 day moving average price is $1.44. The company has a market cap of $105.38 million, a P/E ratio of -2.68 and a beta of 1.15.

CuriosityStream (NASDAQ:CURI) last posted its quarterly earnings data on Tuesday, August 13th. The company reported ($0.04) EPS for the quarter, topping the consensus estimate of ($0.05) by $0.01. The company had revenue of $12.40 million during the quarter, compared to analyst estimates of $12.30 million. CuriosityStream had a negative return on equity of 27.47% and a negative net margin of 69.87%. During the same period in the previous year, the business earned ($0.19) EPS. Equities analysts expect that CuriosityStream will post -0.15 EPS for the current fiscal year.

Insider Buying and Selling at CuriosityStream

In other news, Director Michael Nikzad sold 58,896 shares of the company’s stock in a transaction on Monday, August 19th. The stock was sold at an average price of $1.12, for a total transaction of $65,963.52. Following the sale, the director now owns 372,369 shares of the company’s stock, valued at approximately $417,053.28. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Michael Nikzad sold 58,896 shares of the stock in a transaction on Monday, August 19th. The stock was sold at an average price of $1.12, for a total value of $65,963.52. Following the transaction, the director now owns 372,369 shares of the company’s stock, valued at $417,053.28. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Jonathan Huberman sold 120,861 shares of the stock in a transaction on Wednesday, August 28th. The shares were sold at an average price of $1.47, for a total value of $177,665.67. Following the completion of the transaction, the director now directly owns 1,433,576 shares in the company, valued at $2,107,356.72. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 283,673 shares of company stock valued at $379,977 over the last quarter. 49.60% of the stock is owned by company insiders.

Institutional Trading of CuriosityStream

Several institutional investors and hedge funds have recently made changes to their positions in the company. Renaissance Technologies LLC lifted its holdings in shares of CuriosityStream by 28.9% in the 2nd quarter. Renaissance Technologies LLC now owns 402,126 shares of the company’s stock valued at $458,000 after purchasing an additional 90,126 shares during the last quarter. Oldfield Partners LLP acquired a new stake in shares of CuriosityStream in the 2nd quarter worth approximately $417,000. CWM LLC grew its holdings in shares of CuriosityStream by 310.7% in the 3rd quarter. CWM LLC now owns 297,656 shares of the company’s stock worth $569,000 after acquiring an additional 225,188 shares during the period. Virtu Financial LLC grew its holdings in shares of CuriosityStream by 782.8% in the 1st quarter. Virtu Financial LLC now owns 151,267 shares of the company’s stock worth $162,000 after acquiring an additional 134,132 shares during the period. Finally, Delta Financial Group Inc. grew its holdings in shares of CuriosityStream by 26.4% in the 3rd quarter. Delta Financial Group Inc. now owns 57,405 shares of the company’s stock worth $110,000 after acquiring an additional 12,000 shares during the period. 6.79% of the stock is owned by hedge funds and other institutional investors.

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.