CuriosityStream (NASDAQ:CURI) Stock Price Expected to Rise, Needham & Company LLC Analyst Says

CuriosityStream (NASDAQ:CURI) had its price target lifted by investment analysts at Needham & Company LLC from $1.35 to $3.00 in a research note issued on Thursday,Benzinga reports. The firm presently has a “buy” rating on the stock. Needham & Company LLC’s price target points to a potential upside of 52.28% from the stock’s previous close.

CuriosityStream Trading Up 2.1 %

CuriosityStream stock opened at $1.97 on Thursday. The stock has a 50-day moving average price of $2.06 and a 200 day moving average price of $1.45. CuriosityStream has a 52 week low of $0.45 and a 52 week high of $3.00. The stock has a market cap of $107.56 million, a PE ratio of -7.21 and a beta of 1.15.

CuriosityStream (NASDAQ:CURI) last posted its quarterly earnings data on Tuesday, August 13th. The company reported ($0.04) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.01. The business had revenue of $12.40 million during the quarter, compared to analyst estimates of $12.30 million. CuriosityStream had a negative net margin of 28.56% and a negative return on equity of 21.70%. During the same quarter in the previous year, the business posted ($0.19) earnings per share. On average, equities analysts predict that CuriosityStream will post -0.15 EPS for the current year.

Insider Transactions at CuriosityStream

In related news, Director Michael Nikzad sold 32,226 shares of the company’s stock in a transaction that occurred on Thursday, August 22nd. The shares were sold at an average price of $1.20, for a total transaction of $38,671.20. Following the completion of the transaction, the director now owns 217,774 shares of the company’s stock, valued at approximately $261,328.80. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, Director Michael Nikzad sold 32,226 shares of the business’s stock in a transaction dated Thursday, August 22nd. The stock was sold at an average price of $1.20, for a total transaction of $38,671.20. Following the completion of the sale, the director now owns 217,774 shares in the company, valued at approximately $261,328.80. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Jonathan Huberman sold 120,861 shares of the stock in a transaction that occurred on Wednesday, August 28th. The stock was sold at an average price of $1.47, for a total transaction of $177,665.67. Following the sale, the director now directly owns 1,433,576 shares of the company’s stock, valued at approximately $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 worth $379,977 in the last three months. Company insiders own 49.60% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. CWM LLC lifted its position in CuriosityStream by 310.7% during 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 in the last quarter. Delta Financial Group Inc. grew its holdings in CuriosityStream by 26.4% during the 3rd quarter. Delta Financial Group Inc. now owns 57,405 shares of the company’s stock valued at $110,000 after purchasing an additional 12,000 shares in the last quarter. Renaissance Technologies LLC lifted its holdings in CuriosityStream by 28.9% in the 2nd quarter. Renaissance Technologies LLC now owns 402,126 shares of the company’s stock worth $458,000 after buying an additional 90,126 shares in the last quarter. Oldfield Partners LLP acquired a new stake in shares of CuriosityStream during the second quarter valued at about $417,000. Finally, Acadian Asset Management LLC purchased a new stake in shares of CuriosityStream during the second quarter worth about $27,000. Institutional investors and hedge funds 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.