CuriosityStream Inc. (NASDAQ:CURI) Receives $6.00 Average PT from Brokerages

Shares of CuriosityStream Inc. (NASDAQ:CURI) have been given a consensus rating of “Moderate Buy” by the six research firms that are currently covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a hold recommendation, three have given a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $6.00.

A number of brokerages recently commented on CURI. Zacks Research raised shares of CuriosityStream from a “strong sell” rating to a “hold” rating in a research report on Tuesday, February 10th. Barrington Research decreased their target price on shares of CuriosityStream from $5.50 to $5.00 and set an “outperform” rating for the company in a research report on Friday, May 15th. Finally, Weiss Ratings raised shares of CuriosityStream from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday, March 13th.

CuriosityStream Stock Performance

Shares of CURI opened at $2.60 on Friday. The company’s 50 day moving average price is $3.14 and its 200 day moving average price is $3.61. CuriosityStream has a 52 week low of $2.30 and a 52 week high of $7.15. The company has a market capitalization of $153.33 million, a PE ratio of -20.00 and a beta of 1.82.

CuriosityStream (NASDAQ:CURI) last announced its quarterly earnings data on Thursday, May 14th. The company reported ($0.02) EPS for the quarter, meeting analysts’ consensus estimates of ($0.02). CuriosityStream had a negative net margin of 11.26% and a negative return on equity of 18.46%. The firm had revenue of $15.16 million for the quarter, compared to the consensus estimate of $16.79 million. On average, equities analysts forecast that CuriosityStream will post 0.08 earnings per share for the current fiscal year.

CuriosityStream Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 19th. Shareholders of record on Friday, June 5th will be given a $0.085 dividend. This is a positive change from CuriosityStream’s previous quarterly dividend of $0.08. This represents a $0.34 annualized dividend and a yield of 13.1%. The ex-dividend date of this dividend is Friday, June 5th. CuriosityStream’s payout ratio is presently -261.54%.

Institutional Trading of CuriosityStream

Large investors have recently added to or reduced their stakes in the business. State of Alaska Department of Revenue bought a new stake in CuriosityStream in the fourth quarter worth approximately $35,000. Mangrove Partners IM LLC bought a new stake in CuriosityStream in the fourth quarter worth approximately $42,000. Quarry LP bought a new stake in CuriosityStream in the third quarter worth approximately $45,000. Schonfeld Strategic Advisors LLC grew its position in CuriosityStream by 30.8% in the fourth quarter. Schonfeld Strategic Advisors LLC now owns 13,235 shares of the company’s stock worth $50,000 after acquiring an additional 3,115 shares in the last quarter. Finally, Diversify Wealth Management LLC bought a new stake in CuriosityStream in the first quarter worth approximately $53,000. 6.79% of the stock is owned by institutional investors.

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.