CuriosityStream Inc. (NASDAQ:CURI) Receives Consensus Recommendation of “Moderate Buy” from Analysts

CuriosityStream Inc. (NASDAQ:CURI) has received a consensus rating of “Moderate Buy” from the six brokerages that are currently covering the company, MarketBeat reports. Two analysts have rated the stock with a hold recommendation, three have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $6.00.

A number of research firms have recently weighed in on CURI. Barrington Research cut their price objective on shares of CuriosityStream from $5.50 to $5.00 and set an “outperform” rating on the stock in a research note on Friday, May 15th. Singular Research upgraded CuriosityStream to a “strong-buy” rating in a research note on Monday, June 1st. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of CuriosityStream in a report on Tuesday, June 9th.

CuriosityStream Price Performance

Shares of CURI stock opened at $2.91 on Friday. The business has a fifty day moving average of $2.83 and a 200 day moving average of $3.23. CuriosityStream has a 1 year low of $2.30 and a 1 year high of $5.51. The firm has a market capitalization of $171.60 million, a price-to-earnings 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) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.02). CuriosityStream had a negative return on equity of 18.46% and a negative net margin of 11.26%.The business had revenue of $15.16 million for the quarter, compared to analyst estimates of $16.79 million. As a group, equities research analysts expect that CuriosityStream will post 0.07 earnings per share for the current year.

CuriosityStream Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 19th. Investors of record on Friday, June 5th were given a dividend of $0.085 per share. This is a boost from CuriosityStream’s previous quarterly dividend of $0.08. This represents a $0.34 annualized dividend and a yield of 11.7%. The ex-dividend date was Friday, June 5th. CuriosityStream’s dividend payout ratio (DPR) is -261.54%.

Insider Transactions at CuriosityStream

In other CuriosityStream news, CEO Clinton Larry Stinchcomb bought 94,256 shares of the company’s stock in a transaction dated Wednesday, May 27th. The shares were purchased at an average cost of $2.74 per share, for a total transaction of $258,261.44. Following the transaction, the chief executive officer directly owned 2,945,516 shares of the company’s stock, valued at approximately $8,070,713.84. The trade was a 3.31% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Phillip Brady Hayden sold 30,400 shares of CuriosityStream stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $2.56, for a total transaction of $77,824.00. Following the completion of the sale, the chief financial officer owned 71,267 shares in the company, valued at approximately $182,443.52. This trade represents a 29.90% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 31.10% of the company’s stock.

Institutional Investors Weigh In On CuriosityStream

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CURI. Quarry LP acquired a new position in CuriosityStream in the third quarter valued at about $45,000. State of Alaska Department of Revenue purchased a new position in shares of CuriosityStream during the 4th quarter worth approximately $35,000. Schonfeld Strategic Advisors LLC purchased a new stake in CuriosityStream in the third quarter valued at approximately $54,000. Mangrove Partners IM LLC acquired a new position in CuriosityStream during the fourth quarter worth $42,000. Finally, The Manufacturers Life Insurance Company purchased a new position in shares of CuriosityStream during the second quarter worth $64,000. Hedge funds and other institutional investors own 6.79% of the company’s stock.

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.