Insider Selling: CuriosityStream (NASDAQ:CURI) Director Sells 31,559 Shares of Stock

CuriosityStream Inc. (NASDAQ:CURI) Director Patrick Keeley sold 31,559 shares of CuriosityStream stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $2.70, for a total transaction of $85,209.30. Following the transaction, the director directly owned 188,450 shares in the company, valued at $508,815. The trade was a 14.34% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

CuriosityStream Stock Performance

CURI stock traded up $0.01 during mid-day trading on Tuesday, hitting $2.56. 322,713 shares of the company were exchanged, compared to its average volume of 478,258. The firm has a market cap of $150.96 million, a P/E ratio of -19.69 and a beta of 1.76. The firm’s 50 day simple moving average is $3.02 and its 200 day simple moving average is $3.42. CuriosityStream Inc. has a 1-year low of $2.30 and a 1-year high of $5.88.

CuriosityStream (NASDAQ:CURI) last announced its earnings results on Thursday, May 14th. The company reported ($0.02) EPS for the quarter, hitting the consensus estimate of ($0.02). The firm had revenue of $15.16 million for 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 Inc. will post 0.07 EPS for the current fiscal year.

CuriosityStream Increases Dividend

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

Hedge Funds Weigh In On CuriosityStream

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

Analyst Ratings Changes

CURI has been the topic of a number of recent research reports. Weiss Ratings reiterated a “hold (c-)” rating on shares of CuriosityStream in a report on Tuesday, June 9th. Barrington Research decreased their target price 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, Singular Research raised shares of CuriosityStream to a “strong-buy” rating in a research report on Monday, June 1st. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $6.00.

CuriosityStream Company Profile

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.