Needham & Company LLC Reiterates Buy Rating for CuriosityStream (NASDAQ:CURI)

Needham & Company LLC reissued their buy rating on shares of CuriosityStream (NASDAQ:CURI) in a research note released on Thursday morning,Benzinga reports. The brokerage currently has a $3.00 price objective on the stock.

CuriosityStream Stock Down 6.4 %

CuriosityStream stock opened at $2.48 on Thursday. The company has a market capitalization of $137.59 million, a PE ratio of -8.86 and a beta of 1.30. The firm’s fifty day moving average is $2.63 and its 200 day moving average is $2.15. CuriosityStream has a 12-month low of $0.94 and a 12-month high of $3.22.

CuriosityStream (NASDAQ:CURI) last issued its quarterly earnings data on Tuesday, March 11th. The company reported ($0.05) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.03). The business had revenue of $51.13 million for the quarter, compared to analyst estimates of $14.51 million. CuriosityStream had a negative net margin of 28.56% and a negative return on equity of 22.18%. Sell-side analysts expect that CuriosityStream will post -0.2 EPS for the current fiscal year.

Institutional Investors Weigh In On CuriosityStream

A number of hedge funds and other institutional investors have recently bought and sold shares of CURI. Geode Capital Management LLC boosted its position in shares of CuriosityStream by 2.4% in the fourth quarter. Geode Capital Management LLC now owns 330,615 shares of the company’s stock valued at $506,000 after acquiring an additional 7,669 shares during the period. Delta Financial Group Inc. grew its position in CuriosityStream by 17.7% in the fourth 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. Cubist Systematic Strategies LLC boosted its holdings in shares of 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 purchasing an additional 10,722 shares in the last quarter. Virtu Financial LLC grew its position in CuriosityStream by 115.5% during the third quarter. Virtu Financial LLC now owns 27,812 shares of the company’s stock valued at $53,000 after acquiring an additional 14,905 shares during the last quarter. Finally, Focus Partners Wealth bought a new position in shares of CuriosityStream during the 4th quarter valued at $28,000. Institutional investors own 6.79% of the company’s stock.

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.