CuriosityStream (NASDAQ:CURI) Given New $5.50 Price Target at Needham & Company LLC

Key Points

• Needham & Company LLC has raised their price target for CuriosityStream from $4.80 to $5.50, indicating a potential upside of 16.77% from the last closing price.
• Barrington Research upgraded CuriosityStream's rating from "market perform" to "outperform" with a new price target of $6.00.
• Insider transactions revealed that CEO Clinton Larry Stinchcomb sold 80,000 shares, reducing his ownership by 3.84%.

CuriosityStream (NASDAQ:CURI - Get Free Report) had its price objective boosted by equities research analysts at Needham & Company LLC from $4.80 to $5.50 in a research report issued to clients and investors on Wednesday,Benzinga reports. The brokerage currently has a "buy" rating on the stock. Needham & Company LLC's target price would indicate a potential upside of 26.29% from the company's previous close.

Separately, Barrington Research raised CuriosityStream from a "market perform" rating to an "outperform" rating and set a $6.00 price objective on the stock in a research report on Wednesday, May 7th.

CuriosityStream Stock Up 2.5%

NASDAQ:CURI traded up $0.11 during midday trading on Wednesday, hitting $4.36. The stock had a trading volume of 123,408 shares, compared to its average volume of 567,267. The stock has a 50-day moving average of $5.01 and a 200 day moving average of $3.88. The company has a market capitalization of $250.98 million, a price-to-earnings ratio of -48.38 and a beta of 1.74. CuriosityStream has a one year low of $1.07 and a one year high of $7.15.

CuriosityStream (NASDAQ:CURI - Get Free Report) last posted its quarterly earnings results on Tuesday, August 5th. The company reported $0.01 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.01. The business had revenue of $19.01 million for the quarter, compared to the consensus estimate of $16.75 million. CuriosityStream had a negative return on equity of 8.03% and a negative net margin of 7.84%. On average, sell-side analysts anticipate that CuriosityStream will post -0.2 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CEO Clinton Larry Stinchcomb sold 252,486 shares of the firm's stock in a transaction dated Friday, June 13th. The stock was sold at an average price of $4.68, for a total transaction of $1,181,634.48. Following the sale, the chief executive officer directly owned 2,085,827 shares of the company's stock, valued at $9,761,670.36. This trade represents a 10.80% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director John S. Hendricks sold 150,000 shares of the business's stock in a transaction that occurred on Wednesday, June 11th. The shares were sold at an average price of $5.20, for a total value of $780,000.00. Following the completion of the sale, the director owned 20,570,585 shares of the company's stock, valued at $106,967,042. This trade represents a 0.72% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 932,486 shares of company stock valued at $4,645,504 over the last 90 days. 49.60% of the stock is currently owned by insiders.

Institutional Trading of CuriosityStream

A number of hedge funds have recently bought and sold shares of the business. Informed Momentum Co LLC purchased a new stake in shares of CuriosityStream in the first quarter valued at about $788,000. Acadian Asset Management LLC raised its position in shares of CuriosityStream by 124.5% during the 2nd quarter. Acadian Asset Management LLC now owns 445,082 shares of the company's stock valued at $2,504,000 after buying an additional 246,804 shares during the period. Penn Mutual Asset Management acquired a new position in CuriosityStream in the first quarter valued at approximately $657,000. Jane Street Group LLC purchased a new position in CuriosityStream in the first quarter worth approximately $486,000. Finally, CW Advisors LLC acquired a new stake in CuriosityStream during the first quarter worth $377,000. Institutional investors and hedge funds 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.