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

CuriosityStream (NASDAQ:CURI)‘s stock had its “buy” rating reaffirmed by equities research analysts at Needham & Company LLC in a report issued on Wednesday, Benzinga reports. They presently have a $1.35 price target on the stock. Needham & Company LLC’s price target indicates a potential upside of 11.57% from the stock’s previous close.

CuriosityStream Stock Up 1.7 %

CuriosityStream stock opened at $1.21 on Wednesday. CuriosityStream has a 52-week low of $0.45 and a 52-week high of $1.55. The firm has a market capitalization of $64.85 million, a price-to-earnings ratio of -1.39 and a beta of 1.15. The company has a fifty day simple moving average of $1.13 and a 200-day simple moving average of $0.95.

CuriosityStream (NASDAQ:CURI) last released its earnings results on Tuesday, August 13th. The company reported ($0.04) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.01. CuriosityStream had a negative net margin of 81.73% and a negative return on equity of 34.10%. The business had revenue of $12.40 million during the quarter, compared to analyst estimates of $12.30 million. During the same quarter in the prior year, the firm earned ($0.19) earnings per share. On average, research analysts anticipate that CuriosityStream will post -0.19 EPS for the current fiscal year.

Insider Activity at CuriosityStream

In related news, Director Michael Nikzad sold 24,732 shares of the company’s stock in a transaction dated Friday, May 24th. The shares were sold at an average price of $1.06, for a total value of $26,215.92. Following the completion of the sale, the director now owns 515,455 shares of the company’s stock, valued at $546,382.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, CEO Clinton Larry Stinchcomb purchased 40,000 shares of the stock in a transaction dated Tuesday, May 28th. The stock was acquired at an average cost of $1.06 per share, for a total transaction of $42,400.00. Following the completion of the transaction, the chief executive officer now directly owns 286,564 shares in the company, valued at approximately $303,757.84. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Michael Nikzad sold 24,732 shares of the business’s stock in a transaction on Friday, May 24th. The shares were sold at an average price of $1.06, for a total value of $26,215.92. Following the completion of the sale, the director now owns 515,455 shares in the company, valued at approximately $546,382.30. The disclosure for this sale can be found here. Over the last quarter, insiders bought 91,600 shares of company stock valued at $97,252 and sold 88,161 shares valued at $93,451. 49.60% of the stock is currently owned by insiders.

Institutional Investors Weigh In On CuriosityStream

Several large investors have recently added to or reduced their stakes in the business. Oldfield Partners LLP acquired a new position in CuriosityStream in the second quarter valued at approximately $417,000. Virtu Financial LLC lifted its holdings in CuriosityStream by 782.8% in the first quarter. Virtu Financial LLC now owns 151,267 shares of the company’s stock valued at $162,000 after acquiring an additional 134,132 shares during the period. Renaissance Technologies LLC grew its position in CuriosityStream by 28.9% during the second quarter. Renaissance Technologies LLC now owns 402,126 shares of the company’s stock worth $458,000 after buying an additional 90,126 shares during the period. CWM LLC grew its holdings in shares of CuriosityStream by 6,399.4% in the 2nd quarter. CWM LLC now owns 72,468 shares of the company’s stock worth $83,000 after acquiring an additional 71,353 shares during the period. Finally, Acadian Asset Management LLC purchased a new position in shares of CuriosityStream in the second quarter valued at $27,000. 6.79% of the stock is owned by hedge funds and other institutional investors.

CuriosityStream Company Profile

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.