Needham & Company LLC Has Lowered Expectations for CuriosityStream (NASDAQ:CURI) Stock Price

CuriosityStream (NASDAQ:CURI) had its price target decreased by Needham & Company LLC from $6.00 to $4.00 in a research report issued on Thursday, Benzinga reports. The firm presently has a “buy” rating on the stock. Needham & Company LLC‘s price objective points to a potential upside of 68.78% from the company’s previous close.

CURI has been the subject of several other research reports. Weiss Ratings raised shares of CuriosityStream from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, November 2nd. Zacks Research cut shares of CuriosityStream from a “strong-buy” rating to a “hold” rating in a report on Monday, October 19th. Finally, Wall Street Zen upgraded shares of CuriosityStream from a “hold” rating to a “buy” rating in a research report on Saturday, August 15th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, CuriosityStream presently has an average rating of “Moderate Buy” and a consensus price target of $4.50.

CuriosityStream Trading Down 1.7%

Shares of CuriosityStream stock opened at $2.37 on Thursday. The stock has a market capitalization of $140.63 million, a price-to-earnings ratio of 237.00 and a beta of 1.81. CuriosityStream has a twelve month low of $2.30 and a twelve month high of $5.10. The business’s 50 day simple moving average is $2.76 and its 200-day simple moving average is $2.93.

CuriosityStream (NASDAQ:CURI) last issued its quarterly earnings data on Wednesday, November 11th. The company reported $0.08 EPS for the quarter, topping analysts’ consensus estimates of $0.03 by $0.05. The firm had revenue of $20.72 million during the quarter, compared to the consensus estimate of $19.98 million. CuriosityStream had a return on equity of 0.06% and a net margin of 0.03%. Sell-side analysts predict that CuriosityStream will post 0.20 earnings per share for the current year.

Insider Activity at CuriosityStream

In related news, CEO Clinton Stinchcomb acquired 30,000 shares of the business’s stock in a transaction that occurred on Thursday, August 27th. The shares were acquired at an average cost of $2.55 per share, for a total transaction of $76,500.00. Following the completion of the purchase, the chief executive officer directly owned 3,001,260 shares in the company, valued at $7,653,213. This trade represents a 1.01% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 31.10% of the company’s stock.

Institutional Investors Weigh In On CuriosityStream

Several institutional investors have recently bought and sold shares of the stock. Renaissance Technologies LLC increased its stake in CuriosityStream by 30.1% during the 1st quarter. Renaissance Technologies LLC now owns 1,768,800 shares of the company’s stock valued at $5,236,000 after buying an additional 408,900 shares during the period. Bank of New York Mellon Corp acquired a new stake in shares of CuriosityStream in the 2nd quarter worth approximately $1,184,000. StoneX Group Inc. acquired a new stake in shares of CuriosityStream in the 3rd quarter worth approximately $48,000. Sei Investments Co. boosted its holdings in shares of CuriosityStream by 139.1% in the first quarter. Sei Investments Co. now owns 232,371 shares of the company’s stock valued at $688,000 after acquiring an additional 135,173 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of CuriosityStream by 117.0% in the first quarter. Dimensional Fund Advisors LP now owns 233,340 shares of the company’s stock valued at $690,000 after acquiring an additional 125,794 shares in the last quarter. Institutional investors and hedge funds own 6.79% of the company’s stock.

CuriosityStream Company Profile

CuriosityStream Inc. is a media and entertainment company that operates a subscription streaming service focused on factual and nonfiction programming. Its content covers subjects such as science, technology, history, nature, space, engineering and society, with documentaries, series and other educational video programs available through digital platforms. The company distributes its programming through its own streaming service and through third-party distribution and technology partners. CuriosityStream has served viewers internationally, offering content through online and connected-TV platforms in multiple markets and making programming available in several languages through subtitles or dubbing.