CuriosityStream Inc. (NASDAQ:CURI) Receives $6.00 Consensus Target Price from Brokerages

CuriosityStream Inc. (NASDAQ:CURI) has received an average recommendation of “Moderate Buy” from the six brokerages that are presently covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $6.00.

A number of equities research analysts have recently weighed in on the stock. Barrington Research dropped 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. Singular Research raised shares of CuriosityStream to a “strong-buy” rating in a report on Monday, June 1st. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of CuriosityStream in a report on Tuesday, June 9th.

Insider Activity

In other news, CFO Phillip Brady Hayden sold 30,400 shares of the business’s stock in a transaction on Friday, June 12th. The shares were 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Patrick J. Keeley sold 31,559 shares of the business’s stock in a transaction on Friday, June 12th. The shares were sold at an average price of $2.70, for a total transaction of $85,209.30. Following the sale, the director directly owned 188,450 shares in the company, valued at $508,815. This trade represents a 14.34% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 31.10% of the company’s stock.

Institutional Investors Weigh In On CuriosityStream

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

CuriosityStream Trading Up 0.4%

NASDAQ CURI opened at $2.56 on Wednesday. The firm’s fifty day simple moving average is $3.01 and its two-hundred day simple moving average is $3.41. CuriosityStream has a 12-month low of $2.30 and a 12-month high of $5.88. The firm has a market capitalization of $150.96 million, a P/E ratio of -19.69 and a beta of 1.75.

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

CuriosityStream Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 19th. Stockholders of record on Friday, June 5th will be issued a dividend of $0.085 per share. This represents a $0.34 dividend on an annualized basis and a dividend yield of 13.3%. This is a boost from CuriosityStream’s previous quarterly dividend of $0.08. The ex-dividend date of this dividend is Friday, June 5th. CuriosityStream’s dividend payout ratio is presently -261.54%.

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.