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

CuriosityStream (NASDAQ:CURI) had its price target upped by equities research analysts at Needham & Company LLC from $1.25 to $1.35 in a research report issued to clients and investors on Wednesday, Benzinga reports. The firm presently has a “buy” rating on the stock. Needham & Company LLC’s price target points to a potential upside of 14.42% from the stock’s current price.

CuriosityStream Trading Down 4.1 %

Shares of CuriosityStream stock traded down $0.05 during trading hours on Wednesday, reaching $1.18. The stock had a trading volume of 65,496 shares, compared to its average volume of 639,074. The stock’s 50 day moving average is $0.89 and its 200 day moving average is $0.68. The firm has a market capitalization of $62.90 million, a PE 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.

CuriosityStream (NASDAQ:CURI) last released its earnings results on Wednesday, March 20th. The company reported ($0.09) EPS for the quarter, topping analysts’ consensus estimates of ($0.17) by $0.08. The business had revenue of $14.78 million during the quarter, compared to analysts’ expectations of $16.20 million. CuriosityStream had a negative net margin of 85.95% and a negative return on equity of 32.94%. As a group, sell-side analysts predict that CuriosityStream will post -0.1 earnings per share for the current year.

Insider Transactions at CuriosityStream

In related news, major shareholder Hendricks Factual Media Llc sold 30,821 shares of the company’s stock in a transaction dated Wednesday, April 3rd. The shares were sold at an average price of $1.01, for a total transaction of $31,129.21. Following the completion of the sale, the insider now owns 20,897,617 shares of the company’s stock, valued at approximately $21,106,593.17. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders sold 363,614 shares of company stock valued at $371,230 over the last 90 days. Corporate insiders own 55.40% 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.