CuriosityStream Inc. (NASDAQ:CURI) was the target of a large increase in short interest during the month of February. As of February 12th, there was short interest totalling 1,950,000 shares, an increase of 87.5% from the January 28th total of 1,040,000 shares. Based on an average trading volume of 1,120,000 shares, the short-interest ratio is currently 1.7 days. Currently, 10.6% of the company’s stock are short sold.
In other news, Director John S. Hendricks acquired 26,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 9th. The stock was acquired at an average cost of $8.97 per share, with a total value of $233,220.00. Following the acquisition, the director now owns 676,000 shares in the company, valued at $6,063,720. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director John S. Hendricks acquired 20,500 shares of the firm’s stock in a transaction that occurred on Wednesday, December 16th. The shares were purchased at an average cost of $11.05 per share, with a total value of $226,525.00. Following the completion of the acquisition, the director now owns 801,657 shares in the company, valued at approximately $8,858,309.85. The disclosure for this purchase can be found here. In the last three months, insiders have bought 110,184 shares of company stock worth $1,032,381.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Basso Capital Management L.P. acquired a new position in shares of CuriosityStream in the 4th quarter worth approximately $68,000. BlackRock Inc. acquired a new position in CuriosityStream during the fourth quarter worth $110,000. Bank of New York Mellon Corp bought a new position in shares of CuriosityStream during the fourth quarter valued at $141,000. Wells Fargo & Company MN acquired a new stake in shares of CuriosityStream in the 4th quarter valued at $168,000. Finally, Hsbc Holdings PLC bought a new stake in shares of CuriosityStream in the 4th quarter worth about $206,000. 29.80% of the stock is currently owned by institutional investors.
Several equities analysts recently weighed in on CURI shares. Benchmark started coverage on CuriosityStream in a research report on Tuesday, January 12th. They set a “buy” rating and a $22.00 price objective for the company. Zacks Investment Research raised shares of CuriosityStream from a “sell” rating to a “hold” rating in a report on Wednesday, January 13th. Roth Capital started coverage on shares of CuriosityStream in a report on Tuesday, February 16th. They set a “buy” rating and a $23.00 price objective on the stock. Stifel Nicolaus cut shares of CuriosityStream from a “buy” rating to a “hold” rating and set a $12.00 target price for the company. in a research note on Monday, December 21st. Finally, Needham & Company LLC assumed coverage on CuriosityStream in a research note on Wednesday. They set a “buy” rating and a $25.00 price target on the stock. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $19.60.
CuriosityStream Inc operates as a media and entertainment company. The company provides premium video programming services in various categories of factual entertainment, including science, history, society, nature, lifestyle, and technology through subscription video on-demand (SVoD) platforms, as well as through bundled content licenses for SVoD and linear offerings, partner bulk sales, brand partnerships, and content sales.
Further Reading: Trading Strategy Methods and Types
Receive News & Ratings for CuriosityStream Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CuriosityStream and related companies with MarketBeat.com's FREE daily email newsletter.