Zacks Research Downgrades CuriosityStream (NASDAQ:CURI) to Strong Sell

CuriosityStream (NASDAQ:CURI) was downgraded by Zacks Research from a “hold” rating to a “strong sell” rating in a research report issued on Monday,Zacks.com reports.

Other equities research analysts have also recently issued research reports about the company. Weiss Ratings reissued a “sell (d+)” rating on shares of CuriosityStream in a report on Monday, December 29th. Barrington Research reissued an “outperform” rating and issued a $6.00 price objective on shares of CuriosityStream in a research note on Thursday, November 13th. Wall Street Zen upgraded CuriosityStream from a “hold” rating to a “buy” rating in a report on Saturday, November 8th. Finally, Needham & Company LLC lifted their target price on CuriosityStream from $5.50 to $6.00 and gave the stock a “buy” rating in a report on Thursday, September 25th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have given a Sell rating to the stock. According to data from MarketBeat, CuriosityStream presently has an average rating of “Moderate Buy” and a consensus price target of $6.33.

CuriosityStream Stock Up 0.5%

Shares of NASDAQ CURI opened at $3.66 on Monday. The stock has a market cap of $213.38 million, a P/E ratio of -40.66 and a beta of 1.78. The firm’s 50-day simple moving average is $4.18 and its 200 day simple moving average is $4.48. CuriosityStream has a fifty-two week low of $1.60 and a fifty-two week high of $7.15.

CuriosityStream (NASDAQ:CURI) last released its earnings results on Wednesday, November 12th. The company reported ($0.06) EPS for the quarter, missing the consensus estimate of ($0.02) by ($0.04). CuriosityStream had a negative net margin of 8.19% and a negative return on equity of 10.24%. The company had revenue of $18.36 million for the quarter, compared to analyst estimates of $16.35 million. On average, sell-side analysts anticipate that CuriosityStream will post -0.2 earnings per share for the current fiscal year.

Insider Buying and Selling

In other CuriosityStream news, COO Theresa Ellen Cudahy sold 10,200 shares of the firm’s stock in a transaction dated Thursday, November 20th. The shares were sold at an average price of $4.98, for a total value of $50,796.00. Following the completion of the transaction, the chief operating officer directly owned 514,648 shares in the company, valued at $2,562,947.04. This trade represents a 1.94% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Jonathan Huberman sold 14,116 shares of the business’s stock in a transaction that occurred on Thursday, November 20th. The shares were sold at an average price of $5.00, for a total transaction of $70,580.00. Following the sale, the director owned 1,210,169 shares in the company, valued at $6,050,845. This represents a 1.15% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 377,729 shares of company stock worth $1,767,506. Company insiders own 52.00% of the company’s stock.

Hedge Funds Weigh In On CuriosityStream

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Hillsdale Investment Management Inc. raised its stake in CuriosityStream by 7.8% during the 3rd quarter. Hillsdale Investment Management Inc. now owns 65,771 shares of the company’s stock valued at $349,000 after purchasing an additional 4,750 shares during the period. Bank of America Corp DE lifted its stake in CuriosityStream by 36.6% in the 3rd quarter. Bank of America Corp DE now owns 26,920 shares of the company’s stock worth $143,000 after acquiring an additional 7,206 shares in the last quarter. Police & Firemen s Retirement System of New Jersey purchased a new stake in CuriosityStream in the 2nd quarter worth about $41,000. Quarry LP acquired a new stake in CuriosityStream during the 3rd quarter worth about $45,000. Finally, Schonfeld Strategic Advisors LLC purchased a new position in CuriosityStream during the 3rd quarter valued at about $54,000. Institutional investors and hedge funds own 6.79% of the company’s stock.

CuriosityStream Company Profile

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.