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 report released on Wednesday morning,Benzinga reports. The brokerage currently has a $3.00 target price on the stock.

CuriosityStream Price Performance

Shares of NASDAQ CURI opened at $2.53 on Wednesday. The stock’s fifty day moving average price is $2.30 and its two-hundred day moving average price is $2.01. CuriosityStream has a one year low of $0.50 and a one year high of $3.00. The firm has a market cap of $140.36 million, a price-to-earnings ratio of -9.04 and a beta of 1.22.

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

Institutional Trading of CuriosityStream

Large investors have recently modified their holdings of the stock. Penbrook Management LLC acquired a new stake in shares of CuriosityStream during the 4th quarter worth $247,000. Geode Capital Management LLC grew its holdings in shares of CuriosityStream by 21.2% during the 3rd quarter. Geode Capital Management LLC now owns 322,946 shares of the company’s stock worth $617,000 after purchasing an additional 56,402 shares in the last quarter. Delta Financial Group Inc. grew its holdings in shares of CuriosityStream by 17.7% during the 4th quarter. Delta Financial Group Inc. now owns 67,587 shares of the company’s stock worth $103,000 after purchasing an additional 10,182 shares in the last quarter. Virtu Financial LLC grew its holdings in shares of CuriosityStream by 115.5% during the 3rd quarter. Virtu Financial LLC now owns 27,812 shares of the company’s stock worth $53,000 after purchasing an additional 14,905 shares in the last quarter. Finally, Focus Partners Wealth acquired a new stake in CuriosityStream in the fourth quarter valued at about $28,000. 6.79% of the stock is owned by institutional investors and hedge funds.

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.