CuriosityStream Inc. (NASDAQ:CURI) Given Consensus Rating of “Moderate Buy” by Brokerages

CuriosityStream Inc. (NASDAQ:CURI) has earned a consensus recommendation of “Moderate Buy” from the six analysts that are currently covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation, three have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price target among analysts that have covered the stock in the last year is $6.00.

A number of research analysts have recently issued reports on the company. Zacks Research upgraded CuriosityStream from a “strong sell” rating to a “hold” rating in a research report on Tuesday, February 10th. Singular Research raised shares of CuriosityStream to a “strong-buy” rating in a report on Monday, June 1st. Weiss Ratings upgraded shares of CuriosityStream from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday, March 13th. Finally, Barrington Research decreased their price objective on shares of CuriosityStream from $5.50 to $5.00 and set an “outperform” rating on the stock in a report on Friday, May 15th.

CuriosityStream Stock Down 0.7%

Shares of CuriosityStream stock opened at $2.82 on Wednesday. The firm has a market cap of $166.30 million, a PE ratio of -21.69 and a beta of 1.75. CuriosityStream has a twelve month low of $2.30 and a twelve month high of $5.88. The business has a 50-day moving average price of $3.05 and a 200 day moving average price of $3.48.

CuriosityStream (NASDAQ:CURI) last issued its quarterly earnings results on Thursday, May 14th. The company reported ($0.02) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.02). The company had revenue of $15.16 million for the quarter, compared to the consensus estimate of $16.79 million. CuriosityStream had a negative return on equity of 18.46% and a negative net margin of 11.26%. On average, sell-side analysts expect that CuriosityStream will post 0.07 EPS for the current year.

CuriosityStream Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 19th. Investors of record on Friday, June 5th will be given a dividend of $0.085 per share. This is a boost from CuriosityStream’s previous quarterly dividend of $0.08. The ex-dividend date is Friday, June 5th. This represents a $0.34 annualized dividend and a dividend yield of 12.1%. CuriosityStream’s payout ratio is currently -261.54%.

Insiders Place Their Bets

In other news, CEO Clinton Larry Stinchcomb acquired 94,256 shares of the stock in a transaction that occurred on Wednesday, May 27th. The shares were bought at an average cost of $2.74 per share, for a total transaction of $258,261.44. Following the acquisition, the chief executive officer owned 2,945,516 shares in the company, valued at approximately $8,070,713.84. This represents a 3.31% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 31.10% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. State of Alaska Department of Revenue acquired a new stake in shares of CuriosityStream in the fourth quarter valued at about $35,000. Mangrove Partners IM LLC purchased a new stake in CuriosityStream during the 4th quarter valued at about $42,000. Quarry LP acquired a new stake in CuriosityStream in the 3rd quarter valued at about $45,000. Schonfeld Strategic Advisors LLC raised its holdings in CuriosityStream by 30.8% in the 4th quarter. Schonfeld Strategic Advisors LLC now owns 13,235 shares of the company’s stock valued at $50,000 after acquiring an additional 3,115 shares during the last quarter. Finally, Diversify Wealth Management LLC purchased a new position in CuriosityStream in the 1st quarter worth approximately $53,000. 6.79% of the stock is owned by institutional investors and hedge funds.

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.