CuriosityStream (NASDAQ:CURI) Trading Up 4.5% – What’s Next?

CuriosityStream Inc. (NASDAQ:CURI) shares rose 4.5% on Thursday . The company traded as high as $2.90 and last traded at $2.76. Approximately 376,487 shares were traded during mid-day trading, an increase of 14% from the average daily volume of 331,337 shares. The stock had previously closed at $2.64.

Analysts Set New Price Targets

Separately, Needham & Company LLC increased their price target on CuriosityStream from $1.35 to $3.00 and gave the company a “buy” rating in a research note on Thursday, November 7th.

CuriosityStream Price Performance

The business has a fifty day moving average of $2.05 and a 200-day moving average of $1.88. The stock has a market capitalization of $153.12 million, a price-to-earnings ratio of -9.86 and a beta of 1.15.

Insider Activity at CuriosityStream

In related news, CEO Clinton Larry Stinchcomb bought 17,877 shares of the firm’s stock in a transaction that occurred on Thursday, December 12th. The shares were acquired at an average cost of $1.68 per share, for a total transaction of $30,033.36. Following the acquisition, the chief executive officer now directly owns 2,155,306 shares of the company’s stock, valued at $3,620,914.08. The trade was a 0.84 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Company insiders own 49.60% of the company’s stock.

Hedge Funds Weigh In On CuriosityStream

A number of institutional investors have recently bought and sold shares of the stock. Focus Partners Wealth purchased a new stake in CuriosityStream during the fourth quarter valued at about $28,000. Cubist Systematic Strategies LLC raised its holdings in shares of CuriosityStream by 65.3% during the fourth quarter. Cubist Systematic Strategies LLC now owns 27,130 shares of the company’s stock valued at $42,000 after acquiring an additional 10,722 shares during the period. Manatuck Hill Partners LLC lifted its position in shares of CuriosityStream by 14.4% in the 4th quarter. Manatuck Hill Partners LLC now owns 550,000 shares of the company’s stock valued at $842,000 after acquiring an additional 69,100 shares in the last quarter. Renaissance Technologies LLC boosted its stake in CuriosityStream by 9.7% in the 4th quarter. Renaissance Technologies LLC now owns 470,900 shares of the company’s stock worth $720,000 after purchasing an additional 41,454 shares during the period. Finally, Geode Capital Management LLC boosted its stake in CuriosityStream by 2.4% in the 4th quarter. Geode Capital Management LLC now owns 330,615 shares of the company’s stock worth $506,000 after purchasing an additional 7,669 shares during the period. Hedge funds and other institutional investors own 6.79% of the company’s stock.

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.