CuriosityStream (NASDAQ:CURI) Stock Rating Cut to Hold at Zacks Research

Key Points

• Zacks Research downgraded CuriosityStream from “strong buy” to “hold.” Despite mixed analyst opinions, the stock carries a “Moderate Buy” consensus rating with an average price target of $5.00.
• CuriosityStream shares opened at $2.79, with a market capitalization of approximately $165.6 million and a 52-week range of $2.30 to $5.10.
• The company exceeded quarterly expectations, reporting adjusted earnings of $0.15 per share versus the $0.04 consensus estimate and revenue of $23.25 million versus $21.32 million expected. CEO Clinton Stinchcomb also purchased 30,000 shares, while insiders own 31.1% of the company.

CuriosityStream (NASDAQ:CURI - Get Free Report) was downgraded by equities research analysts at Zacks Research from a "strong-buy" rating to a "hold" rating in a report issued on Monday, Zacks reports.

Several other brokerages also recently weighed in on CURI. Wall Street Zen raised shares of CuriosityStream from a "hold" rating to a "buy" rating in a report on Saturday, August 15th. Weiss Ratings lowered shares of CuriosityStream from a "hold (c)" rating to a "hold (c-)" rating in a research report on Thursday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $5.00.

CuriosityStream Stock Up 7.3%

Shares of CURI opened at $2.79 on Monday. The business has a 50-day simple moving average of $2.85 and a two-hundred day simple moving average of $2.84. The stock has a market cap of $165.56 million, a price-to-earnings ratio of 279.00 and a beta of 1.71. CuriosityStream has a 52 week low of $2.30 and a 52 week high of $5.10.

CuriosityStream (NASDAQ:CURI - Get Free Report) last posted its quarterly earnings data on Wednesday, August 12th. The company reported $0.15 EPS for the quarter, topping the consensus estimate of $0.04 by $0.11. The firm had revenue of $23.25 million for the quarter, compared to the consensus estimate of $21.32 million. CuriosityStream had a return on equity of 0.06% and a net margin of 0.03%. On average, equities analysts anticipate that CuriosityStream will post 0.20 earnings per share for the current fiscal year.

Insider Buying and Selling at CuriosityStream

In other CuriosityStream news, CEO Clinton Stinchcomb acquired 30,000 shares of the company's stock in a transaction dated Thursday, August 27th. The stock was purchased at an average price of $2.55 per share, with a total value of $76,500.00. Following the completion of the purchase, the chief executive officer directly owned 3,001,260 shares in the company, valued at approximately $7,653,213. The trade was a 1.01% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 31.10% of the stock is currently owned by company insiders.

Institutional Trading of CuriosityStream

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Public Employees Retirement System of Ohio bought a new stake in shares of CuriosityStream during the second quarter valued at approximately $25,000. Diversify Wealth Management LLC purchased a new position in shares of CuriosityStream in the first quarter worth $53,000. R Squared Ltd lifted its holdings in shares of CuriosityStream by 119.7% in the first quarter. R Squared Ltd now owns 44,485 shares of the company's stock worth $132,000 after buying an additional 24,240 shares in the last quarter. Sei Investments Co. lifted its holdings in shares of CuriosityStream by 139.1% in the first quarter. Sei Investments Co. now owns 232,371 shares of the company's stock worth $688,000 after buying an additional 135,173 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in shares of CuriosityStream by 117.0% during the first quarter. Dimensional Fund Advisors LP now owns 233,340 shares of the company's stock worth $690,000 after acquiring an additional 125,794 shares during the last quarter. Institutional investors own 6.79% of the company's stock.

CuriosityStream Company Profile

CuriosityStream Inc NASDAQ: CURI is a factual-media and streaming company focused on science, technology, history, nature and related educational content. Its flagship service, Curiosity Stream, offers on-demand documentaries, series and other nonfiction programming through its website, mobile applications, connected-TV platforms and distribution partners.

The company also develops and distributes educational and factual programming through digital products and branded content offerings.

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