CuriosityStream (NASDAQ:CURI) Trading Up 0.9% - Time to Buy?

CuriosityStream Inc. (NASDAQ:CURI - Get Free Report)'s share price was up 0.9% during mid-day trading on Thursday . The company traded as high as $3.69 and last traded at $3.50. Approximately 239,145 shares were traded during trading, a decline of 6% from the average daily volume of 253,679 shares. The stock had previously closed at $3.47.

Analysts Set New Price Targets

Separately, Needham & Company LLC reiterated a "buy" rating and issued a $3.00 price objective on shares of CuriosityStream in a research note on Thursday, April 3rd.

CuriosityStream Stock Up 1.5 %

The firm has a fifty day moving average of $2.78 and a 200-day moving average of $2.29. The stock has a market capitalization of $189.01 million, a price-to-earnings ratio of -11.71 and a beta of 1.30.

CuriosityStream (NASDAQ:CURI - Get Free Report) last released its quarterly earnings data on Tuesday, March 11th. The company reported ($0.05) EPS for the quarter, missing the consensus estimate of ($0.02) by ($0.03). CuriosityStream had a negative return on equity of 22.18% and a negative net margin of 28.56%. The business had revenue of $51.13 million during the quarter, compared to analysts' expectations of $14.51 million. As a group, research analysts forecast that CuriosityStream Inc. will post -0.2 EPS for the current fiscal year.

Institutional Investors Weigh In On CuriosityStream

A number of institutional investors and hedge funds have recently bought and sold shares of CURI. Geode Capital Management LLC increased its position in CuriosityStream by 21.2% during the third quarter. Geode Capital Management LLC now owns 322,946 shares of the company's stock worth $617,000 after buying an additional 56,402 shares in the last quarter. Virtu Financial LLC increased its position in CuriosityStream by 115.5% during the 3rd quarter. Virtu Financial LLC now owns 27,812 shares of the company's stock worth $53,000 after purchasing an additional 14,905 shares in the last quarter. Penbrook Management LLC acquired a new position in CuriosityStream in the 4th quarter valued at about $247,000. Delta Financial Group Inc. lifted its holdings in CuriosityStream by 17.7% in the 4th quarter. Delta Financial Group Inc. now owns 67,587 shares of the company's stock valued at $103,000 after purchasing an additional 10,182 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its stake 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 purchasing an additional 41,454 shares during the last quarter. 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.