CuriosityStream (NASDAQ:CURI) Given New $4.00 Price Target at Needham & Company LLC

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

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

CuriosityStream Stock Down 1.7%

Shares of CuriosityStream stock opened at $2.37 on Thursday. The business has a fifty day simple moving average of $2.76 and a 200-day simple moving average of $2.93. CuriosityStream has a fifty-two week low of $2.30 and a fifty-two week high of $5.10. The firm has a market cap of $140.63 million, a price-to-earnings ratio of 237.00 and a beta of 1.81.

CuriosityStream (NASDAQ:CURI) last released its earnings results on Wednesday, November 11th. The company reported $0.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.03 by $0.05. CuriosityStream had a return on equity of 0.06% and a net margin of 0.03%. The firm had revenue of $20.72 million for the quarter, compared to analyst estimates of $19.98 million. Analysts anticipate that CuriosityStream will post 0.20 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CEO Clinton Stinchcomb acquired 30,000 shares of the business’s stock in a transaction on Thursday, August 27th. The shares were purchased at an average price of $2.55 per share, for a total transaction of $76,500.00. Following the acquisition, the chief executive officer owned 3,001,260 shares in the company, valued at approximately $7,653,213. This represents a 1.01% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 31.10% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Renaissance Technologies LLC boosted its holdings in shares of CuriosityStream by 30.1% in the first quarter. Renaissance Technologies LLC now owns 1,768,800 shares of the company’s stock worth $5,236,000 after buying an additional 408,900 shares during the period. Bank of New York Mellon Corp raised its holdings in shares of CuriosityStream by 6.0% during the first quarter. Bank of New York Mellon Corp now owns 446,617 shares of the company’s stock valued at $1,322,000 after acquiring an additional 25,366 shares during the period. Russell Investments Group Ltd. raised its holdings in shares of CuriosityStream by 1,518.9% during the third quarter. Russell Investments Group Ltd. now owns 252,306 shares of the company’s stock valued at $734,000 after acquiring an additional 236,721 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of CuriosityStream by 117.0% in the 1st 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. Finally, Sei Investments Co. lifted its position in shares of CuriosityStream by 139.1% in the 1st 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. 6.79% of the stock is currently owned by institutional investors and hedge funds.

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.