CuriosityStream (NASDAQ:CURI) Given New $4.80 Price Target at Needham & Company LLC

CuriosityStream (NASDAQ:CURI) had its price objective boosted by Needham & Company LLC from $2.95 to $4.80 in a report issued on Wednesday morning, MarketBeat reports. Needham & Company LLC currently has a buy rating on the stock.

Separately, Barrington Research upgraded shares of CuriosityStream from a “market perform” rating to an “outperform” rating and set a $6.00 target price on the stock in a research report on Wednesday.

CuriosityStream Trading Up 11.4 %

Shares of CuriosityStream stock opened at $4.98 on Wednesday. The firm has a market capitalization of $286.98 million, a PE ratio of -17.79 and a beta of 1.38. CuriosityStream has a 12 month low of $0.98 and a 12 month high of $5.30. The business’s 50-day moving average price is $2.96 and its 200-day moving average price is $2.37.

CuriosityStream (NASDAQ:CURI) last issued its quarterly earnings results on Tuesday, May 6th. The company reported $0.01 EPS for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.02. The business had revenue of $15.09 million for the quarter, compared to analysts’ expectations of $14.95 million. CuriosityStream had a negative net margin of 28.56% and a negative return on equity of 22.18%. As a group, analysts predict that CuriosityStream will post -0.2 earnings per share for the current fiscal year.

CuriosityStream Announces Dividend

The business also recently declared a special dividend, which will be paid on Friday, June 27th. Investors of record on Friday, June 13th will be given a dividend of $0.10 per share. CuriosityStream’s payout ratio is -66.67%.

Institutional Trading of CuriosityStream

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Penbrook Management LLC bought a new stake in shares of CuriosityStream during the 4th quarter valued at about $247,000. Manatuck Hill Partners LLC lifted its holdings in CuriosityStream by 14.4% in the fourth quarter. Manatuck Hill Partners LLC now owns 550,000 shares of the company’s stock worth $842,000 after buying an additional 69,100 shares during the period. Geode Capital Management LLC boosted its position in CuriosityStream by 21.2% during the 3rd quarter. Geode Capital Management LLC now owns 322,946 shares of the company’s stock valued at $617,000 after acquiring an additional 56,402 shares in the last quarter. Renaissance Technologies LLC grew its holdings in shares of CuriosityStream by 9.7% during the 4th quarter. Renaissance Technologies LLC now owns 470,900 shares of the company’s stock worth $720,000 after acquiring an additional 41,454 shares during the period. Finally, Focus Partners Wealth bought a new position in shares of CuriosityStream in the 4th quarter worth approximately $28,000. Institutional investors own 6.79% of the company’s stock.

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.