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

CuriosityStream Inc. (NASDAQ:CURI) has been given an average recommendation of “Buy” by the five brokerages that are currently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a hold rating, two have given a buy rating and two have issued a strong buy rating on the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $5.50.

Several equities research analysts have recently commented on the stock. Weiss Ratings upgraded shares of CuriosityStream from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, August 14th. Zacks Research raised shares of CuriosityStream from a “hold” rating to a “strong-buy” rating in a report on Thursday, August 13th. Singular Research upgraded shares of CuriosityStream to a “strong-buy” rating in a research report on Monday, June 1st. Finally, Wall Street Zen raised CuriosityStream from a “hold” rating to a “buy” rating in a research note on Saturday, August 15th.

CuriosityStream Stock Up 0.4%

Shares of CURI stock opened at $2.80 on Friday. The stock has a 50-day moving average price of $2.72 and a 200 day moving average price of $2.89. The firm has a market cap of $166.15 million, a price-to-earnings ratio of 280.00 and a beta of 1.76. CuriosityStream has a 12 month low of $2.30 and a 12 month high of $5.51.

CuriosityStream (NASDAQ:CURI) last announced its quarterly earnings data on Wednesday, August 12th. The company reported $0.15 earnings per share for the quarter, topping the consensus estimate of $0.04 by $0.11. CuriosityStream had a return on equity of 0.06% and a net margin of 0.03%.The firm had revenue of $23.25 million during the quarter, compared to analysts’ expectations of $21.32 million. Sell-side analysts predict that CuriosityStream will post 0.2 earnings per share for the current fiscal year.

CuriosityStream Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 18th. Investors of record on Friday, September 4th will be paid a dividend of $0.085 per share. The ex-dividend date of this dividend is Friday, September 4th. This represents a $0.34 dividend on an annualized basis and a dividend yield of 12.1%. CuriosityStream’s payout ratio is 3,400.00%.

Insider Buying and Selling

In related news, CEO Clinton Stinchcomb bought 20,000 shares of the business’s stock in a transaction on Friday, August 28th. The shares were purchased at an average price of $2.60 per share, with a total value of $52,000.00. Following the completion of the purchase, the chief executive officer owned 3,021,260 shares of the company’s stock, valued at $7,855,276. This represents a 0.67% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 31.10% of the company’s stock.

Hedge Funds Weigh In On CuriosityStream

Institutional investors have recently modified their holdings of the stock. Public Employees Retirement System of Ohio bought a new stake in shares of CuriosityStream in the second quarter valued at about $25,000. Evernest Financial Advisors LLC boosted its stake in shares of CuriosityStream by 6.4% during the 4th quarter. Evernest Financial Advisors LLC now owns 255,290 shares of the company’s stock worth $970,000 after buying an additional 15,262 shares during the last quarter. Diversify Wealth Management LLC bought a new stake in shares of CuriosityStream during the 1st quarter worth approximately $53,000. Legato Capital Management LLC raised its holdings in shares of CuriosityStream by 9.7% in the 4th quarter. Legato Capital Management LLC now owns 197,261 shares of the company’s stock valued at $750,000 after purchasing an additional 17,423 shares during the period. Finally, R Squared Ltd increased its position in CuriosityStream by 119.7% during the first quarter. R Squared Ltd now owns 44,485 shares of the company’s stock worth $132,000 after buying an additional 24,240 shares during the last quarter. 6.79% of the stock is currently owned by institutional investors and hedge funds.

About CuriosityStream

CuriosityStream, Inc is a factual-media and streaming company that provides on-demand programming focused on science, technology, history, nature, society and related subjects. Its service features documentary films, series, short-form videos and educational content, including original productions and licensed programming from third-party creators.

The company distributes its content through its direct-to-consumer streaming platform and digital applications, as well as through partnerships and bundled offerings with other media and technology providers.