Needham & Company LLC Boosts CuriosityStream (NASDAQ:CURI) Price Target to $5.50

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 increased by equities researchers at Needham & Company LLC from $4.80 to $5.50 in a note issued to investors on Wednesday,Benzinga reports. The firm currently has a "buy" rating on the stock. Needham & Company LLC's price target indicates a potential upside of 24.43% 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 target price for the company in a research note on Wednesday, May 7th.

CuriosityStream Stock Up 4.0%

Shares of NASDAQ CURI traded up $0.17 during midday trading on Wednesday, hitting $4.42. The stock had a trading volume of 972,012 shares, compared to its average volume of 637,571. CuriosityStream has a 1 year low of $1.07 and a 1 year high of $7.15. The company has a market capitalization of $254.72 million, a PE ratio of -49.11 and a beta of 1.74. The stock has a 50 day simple moving average of $4.97 and a 200-day simple moving average of $3.91.

CuriosityStream (NASDAQ:CURI - Get Free Report) last posted its quarterly earnings results on Tuesday, August 5th. The company reported $0.01 earnings per share for the quarter, hitting the consensus estimate of $0.01. The firm had revenue of $19.01 million for the quarter, compared to the consensus estimate of $16.75 million. CuriosityStream had a negative net margin of 7.84% and a negative return on equity of 8.37%. As a group, analysts expect that CuriosityStream will post -0.2 earnings per share for the current fiscal year.

Insider Buying and Selling

In other CuriosityStream news, CEO Clinton Larry Stinchcomb sold 80,000 shares of the business's stock in a transaction dated Monday, June 16th. The shares were sold at an average price of $4.70, for a total transaction of $376,000.00. Following the sale, the chief executive officer directly owned 2,005,827 shares in the company, valued at $9,427,386.90. This represents a 3.84% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director John S. Hendricks sold 102,810 shares of CuriosityStream stock in a transaction that occurred on Monday, June 16th. The shares were sold at an average price of $4.71, for a total transaction of $484,235.10. Following the completion of the transaction, the director owned 20,262,775 shares of the company's stock, valued at $95,437,670.25. This trade represents a 0.50% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 932,486 shares of company stock worth $4,645,504 over the last three months. Insiders own 49.60% of the company's stock.

Hedge Funds Weigh In On CuriosityStream

Institutional investors have recently modified their holdings of the business. Focus Partners Wealth acquired a new stake in CuriosityStream in the 4th quarter valued at about $28,000. Merit Financial Group LLC acquired a new stake in CuriosityStream in the first quarter valued at $29,000. Algert Global LLC acquired a new position in shares of CuriosityStream during the 1st quarter worth about $39,000. Police & Firemen s Retirement System of New Jersey purchased a new position in shares of CuriosityStream in the 2nd quarter valued at about $41,000. Finally, Cubist Systematic Strategies LLC raised its position in shares of CuriosityStream by 65.3% during the 4th quarter. Cubist Systematic Strategies LLC now owns 27,130 shares of the company's stock worth $42,000 after acquiring an additional 10,722 shares in the last quarter. 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.