Needham & Company LLC Raises CuriosityStream (NASDAQ:CURI) Price Target to $1.35

CuriosityStream (NASDAQ:CURI - Free Report) had its price target lifted by Needham & Company LLC from $1.25 to $1.35 in a research note published on Wednesday morning, Benzinga reports. The brokerage currently has a buy rating on the stock.

CuriosityStream Stock Down 6.5 %

Shares of CuriosityStream stock traded down $0.08 on Wednesday, hitting $1.15. The stock had a trading volume of 296,636 shares, compared to its average volume of 641,778. The stock has a market cap of $61.31 million, a price-to-earnings ratio of -1.27 and a beta of 1.15. CuriosityStream has a twelve month low of $0.45 and a twelve month high of $1.55. The business's 50 day moving average is $0.91 and its two-hundred day moving average is $0.68.

CuriosityStream (NASDAQ:CURI - Get Free Report) last issued its quarterly earnings data on Wednesday, March 20th. The company reported ($0.09) earnings per share for the quarter, topping the consensus estimate of ($0.17) by $0.08. CuriosityStream had a negative net margin of 85.95% and a negative return on equity of 32.94%. The business had revenue of $14.78 million during the quarter, compared to analysts' expectations of $16.20 million. As a group, equities analysts predict that CuriosityStream will post -0.1 earnings per share for the current fiscal year.

CuriosityStream Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 30th. Investors of record on Friday, April 12th were paid a $0.025 dividend. The ex-dividend date of this dividend was Thursday, April 11th. This represents a $0.10 dividend on an annualized basis and a yield of 8.70%. CuriosityStream's dividend payout ratio (DPR) is -10.75%.

Insider Buying and Selling at CuriosityStream

In other news, major shareholder Hendricks Factual Media Llc sold 28,006 shares of CuriosityStream stock in a transaction on Tuesday, March 26th. The stock was sold at an average price of $1.00, for a total value of $28,006.00. Following the transaction, the insider now owns 21,169,423 shares in the company, valued at approximately $21,169,423. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders sold a total of 363,614 shares of company stock worth $371,230 over the last three months. Corporate insiders own 55.40% 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.