Needham & Company LLC Boosts CuriosityStream (NASDAQ:CURI) Price Target to $3.00

CuriosityStream (NASDAQ:CURI) had its target price boosted by Needham & Company LLC from $1.35 to $3.00 in a report issued on Thursday,Benzinga reports. They currently have a buy rating on the stock.

CuriosityStream Stock Up 2.1 %

CURI opened at $1.97 on Thursday. The firm’s 50 day moving average is $2.06 and its 200-day moving average is $1.46. CuriosityStream has a 52-week low of $0.45 and a 52-week high of $3.00. The firm has a market capitalization of $107.56 million, a P/E ratio of -7.04 and a beta of 1.15.

CuriosityStream (NASDAQ:CURI) last released its quarterly earnings results on Wednesday, November 6th. The company reported ($0.06) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.05). CuriosityStream had a negative net margin of 28.56% and a negative return on equity of 21.70%. The firm had revenue of $12.60 million for the quarter, compared to analyst estimates of $13.80 million. During the same period in the previous year, the business posted ($0.14) earnings per share. Equities analysts expect that CuriosityStream will post -0.2 earnings per share for the current fiscal year.

CuriosityStream Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be issued a dividend of $0.025 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.10 annualized dividend and a yield of 5.08%. CuriosityStream’s dividend payout ratio is presently -35.71%.

Insider Activity

In related news, Director Jonathan Huberman sold 120,861 shares of CuriosityStream stock in a transaction on Wednesday, August 28th. The shares were sold at an average price of $1.47, for a total value of $177,665.67. Following the completion of the sale, the director now owns 1,433,576 shares in the company, valued at approximately $2,107,356.72. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, Director Jonathan Huberman sold 120,861 shares of CuriosityStream stock in a transaction dated Wednesday, August 28th. The stock was sold at an average price of $1.47, for a total value of $177,665.67. Following the completion of the transaction, the director now directly owns 1,433,576 shares in the company, valued at approximately $2,107,356.72. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Michael Nikzad sold 58,896 shares of the business’s stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $1.12, for a total value of $65,963.52. Following the completion of the sale, the director now directly owns 372,369 shares of the company’s stock, valued at approximately $417,053.28. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 283,673 shares of company stock worth $379,977. 49.60% of the stock is currently owned by insiders.

Hedge Funds Weigh In On CuriosityStream

Several large investors have recently added to or reduced their stakes in the company. Acadian Asset Management LLC acquired a new stake in shares of CuriosityStream during the second quarter worth $27,000. CWM LLC raised its stake in CuriosityStream by 6,399.4% during the second 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. Delta Financial Group Inc. lifted its holdings in CuriosityStream by 26.4% in the third quarter. Delta Financial Group Inc. now owns 57,405 shares of the company’s stock worth $110,000 after acquiring an additional 12,000 shares during the last quarter. Virtu Financial LLC lifted its holdings in shares of CuriosityStream by 782.8% in the 1st quarter. Virtu Financial LLC now owns 151,267 shares of the company’s stock worth $162,000 after purchasing an additional 134,132 shares during the last quarter. Finally, Oldfield Partners LLP acquired a new position in shares of CuriosityStream during the second quarter valued at $417,000. 6.79% of the stock is currently owned by 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.