CuriosityStream’s (CURI) Buy Rating Reiterated at Needham & Company LLC

Needham & Company LLC reaffirmed their buy rating on shares of CuriosityStream (NASDAQ:CURI) in a research note issued to investors on Wednesday,Benzinga reports. They currently have a $3.00 price target on the stock.

CuriosityStream Price Performance

Shares of CURI opened at $2.67 on Wednesday. CuriosityStream has a 1 year low of $0.50 and a 1 year high of $3.00. The stock has a 50 day simple moving average of $2.34 and a two-hundred day simple moving average of $2.03. The firm has a market cap of $148.13 million, a P/E ratio of -9.54 and a beta of 1.22.

CuriosityStream (NASDAQ:CURI) last posted its quarterly earnings results on Tuesday, March 11th. The company reported ($0.05) earnings per share for the quarter, missing the consensus estimate 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 business had revenue of $51.13 million during the quarter, compared to the consensus estimate of $14.51 million. On average, equities analysts anticipate that CuriosityStream will post -0.2 earnings per share for the current year.

Hedge Funds Weigh In On CuriosityStream

A number of large investors have recently bought and sold shares of the stock. Geode Capital Management LLC boosted its holdings in shares of CuriosityStream by 2.4% during the fourth quarter. Geode Capital Management LLC now owns 330,615 shares of the company’s stock worth $506,000 after purchasing an additional 7,669 shares during the period. Delta Financial Group Inc. raised its position in CuriosityStream by 17.7% during the 4th quarter. Delta Financial Group Inc. now owns 67,587 shares of the company’s stock valued at $103,000 after purchasing an additional 10,182 shares during the last quarter. Cubist Systematic Strategies LLC lifted its holdings in CuriosityStream by 65.3% in the 4th quarter. Cubist Systematic Strategies LLC now owns 27,130 shares of the company’s stock worth $42,000 after buying an additional 10,722 shares during the period. Virtu Financial LLC grew its position in shares of CuriosityStream by 115.5% in the 3rd quarter. Virtu Financial LLC now owns 27,812 shares of the company’s stock worth $53,000 after buying an additional 14,905 shares during the last quarter. Finally, Focus Partners Wealth bought a new stake in shares of CuriosityStream in the 4th quarter worth approximately $28,000. 6.79% of the stock is owned by hedge funds and other 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.