CuriosityStream Inc. (NASDAQ:CURI) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of CuriosityStream Inc. (NASDAQ:CURI) have been assigned an average recommendation of “Moderate Buy” from the six research firms that are currently covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold recommendation, three have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $6.00.

Several research firms recently issued reports on CURI. Singular Research raised shares of CuriosityStream to a “strong-buy” rating in a research report on Monday, June 1st. Barrington Research dropped their price objective 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 reissued a “hold (c-)” rating on shares of CuriosityStream in a research note on Tuesday, June 9th.

CuriosityStream Stock Performance

CURI stock opened at $2.91 on Friday. The company’s 50 day moving average is $2.83 and its two-hundred day moving average is $3.23. CuriosityStream has a twelve month low of $2.30 and a twelve month high of $5.51. The stock has a market cap of $171.60 million, a P/E ratio of -22.38 and a beta of 1.74.

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

CuriosityStream Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 19th. Shareholders of record on Friday, June 5th were issued a $0.085 dividend. The ex-dividend date was Friday, June 5th. This represents a $0.34 dividend on an annualized basis and a yield of 11.7%. This is an increase from CuriosityStream’s previous quarterly dividend of $0.08. CuriosityStream’s dividend payout ratio (DPR) is presently -261.54%.

Insider Activity

In other CuriosityStream news, CEO Clinton Larry Stinchcomb acquired 94,256 shares of the company’s stock in a transaction 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 directly owned 2,945,516 shares of the company’s stock, valued at $8,070,713.84. This trade represents a 3.31% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Phillip Brady Hayden sold 30,400 shares of the firm’s stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $2.56, for a total transaction of $77,824.00. Following the sale, the chief financial officer directly owned 71,267 shares of the company’s stock, valued at $182,443.52. The trade was a 29.90% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 31.10% of the company’s stock.

Hedge Funds Weigh In On CuriosityStream

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Cubist Systematic Strategies LLC boosted its stake in CuriosityStream by 101.7% during the first quarter. Cubist Systematic Strategies LLC now owns 54,712 shares of the company’s stock valued at $147,000 after buying an additional 27,582 shares in the last quarter. Goldman Sachs Group Inc. boosted its position in shares of CuriosityStream by 657.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 125,743 shares of the company’s stock valued at $337,000 after purchasing an additional 109,138 shares in the last quarter. Jane Street Group LLC acquired a new position in shares of CuriosityStream in the 1st quarter worth approximately $486,000. Acadian Asset Management LLC raised its holdings in shares of CuriosityStream by 121.8% in the 1st quarter. Acadian Asset Management LLC now owns 198,278 shares of the company’s stock worth $529,000 after purchasing an additional 108,891 shares in the last quarter. Finally, Geode Capital Management LLC lifted its stake in CuriosityStream by 112.9% during the second quarter. Geode Capital Management LLC now owns 727,103 shares of the company’s stock valued at $4,094,000 after purchasing an additional 385,534 shares during the last quarter. 6.79% of the stock is currently 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.