CuriosityStream (NASDAQ:CURI) Posts Earnings Results, Meets Expectations

CuriosityStream (NASDAQ:CURI) announced its earnings results on Thursday. The company reported ($0.02) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.02), FiscalAI reports. The firm had revenue of $15.16 million during the quarter, compared to analysts’ expectations of $16.97 million. CuriosityStream had a negative return on equity of 13.07% and a negative net margin of 8.97%.

CuriosityStream Price Performance

Shares of NASDAQ:CURI traded up $0.18 on Thursday, reaching $3.13. 683,679 shares of the company traded hands, compared to its average volume of 444,156. CuriosityStream has a fifty-two week low of $2.81 and a fifty-two week high of $7.15. The company’s 50 day moving average is $3.20 and its 200-day moving average is $3.67. The stock has a market capitalization of $184.58 million, a PE ratio of -31.30 and a beta of 1.82.

Wall Street Analyst Weigh In

A number of research firms have weighed in on CURI. Zacks Research raised CuriosityStream from a “strong sell” rating to a “hold” rating in a research report on Tuesday, February 10th. Weiss Ratings raised CuriosityStream from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday, March 13th. Finally, Barrington Research reissued an “outperform” rating and set a $5.50 target price on shares of CuriosityStream in a research note on Tuesday, April 28th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $6.17.

Institutional Investors Weigh In On CuriosityStream

A number of institutional investors and hedge funds have recently modified their holdings of CURI. Millennium Management LLC lifted its position in shares of CuriosityStream by 234.5% during the 4th quarter. Millennium Management LLC now owns 688,041 shares of the company’s stock valued at $2,615,000 after acquiring an additional 482,360 shares during the last quarter. Russell Investments Group Ltd. lifted its position in shares of CuriosityStream by 974.5% during the 3rd quarter. Russell Investments Group Ltd. now owns 461,527 shares of the company’s stock valued at $2,446,000 after acquiring an additional 418,576 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of CuriosityStream by 112.9% during the 2nd quarter. Geode Capital Management LLC now owns 727,103 shares of the company’s stock valued at $4,094,000 after acquiring an additional 385,534 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its position in shares of CuriosityStream by 225.2% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 464,691 shares of the company’s stock valued at $2,616,000 after acquiring an additional 321,780 shares during the last quarter. Finally, Renaissance Technologies LLC lifted its position in shares of CuriosityStream by 31.0% during the 4th quarter. Renaissance Technologies LLC now owns 1,359,900 shares of the company’s stock valued at $5,168,000 after acquiring an additional 321,700 shares during the last quarter. Institutional investors and hedge funds own 6.79% of the company’s stock.

About CuriosityStream

CuriosityStream, Inc (NASDAQ: CURI) is a global streaming media company specializing in factual content across science, nature, history and technology. Founded in 2015 by John Hendricks, the founder of the Discovery Channel, CuriosityStream offers on-demand documentaries, series and short-form programming designed to inform and entertain viewers with high-quality educational content. The company’s library features both original productions and licensed titles, covering topics such as space exploration, wildlife conservation, archaeology and cutting-edge scientific research.

Since its launch, CuriosityStream has expanded its reach to subscribers in more than 175 countries, delivering content in multiple languages and via a range of platforms.