CuriosityStream (NASDAQ:CURI) Trading Up 3.8% – Here’s What Happened

CuriosityStream Inc. (NASDAQ:CURI)’s share price was up 3.8% during mid-day trading on Monday . The company traded as high as $2.47 and last traded at $2.44. Approximately 211,274 shares were traded during trading, a decline of 35% from the average session volume of 325,663 shares. The stock had previously closed at $2.35.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on CURI shares. Singular Research raised shares of CuriosityStream to a “strong-buy” rating in a 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 report on Friday, May 15th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of CuriosityStream in a research note on Tuesday, June 9th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $6.00.

CuriosityStream Stock Up 3.8%

The firm has a fifty day moving average price of $2.67 and a 200 day moving average price of $3.08. The company has a market cap of $143.89 million, a P/E ratio of -18.77 and a beta of 1.74.

CuriosityStream (NASDAQ:CURI) last announced its earnings results 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 company had revenue of $15.16 million during the quarter, compared to analyst estimates of $16.79 million. On average, sell-side analysts anticipate that CuriosityStream Inc. will post 0.07 earnings per share for the current year.

CuriosityStream Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 19th. Shareholders of record on Friday, June 5th were given a $0.085 dividend. This represents a $0.34 annualized dividend and a yield of 13.9%. The ex-dividend date was Friday, June 5th. This is a boost from CuriosityStream’s previous quarterly dividend of $0.08. CuriosityStream’s dividend payout ratio is -261.54%.

Insiders Place Their Bets

In related news, CEO Clinton Larry Stinchcomb bought 94,256 shares of the company’s stock in a transaction on Wednesday, May 27th. The stock was bought at an average cost of $2.74 per share, with a total value of $258,261.44. Following the completion of the purchase, the chief executive officer owned 2,945,516 shares in the company, valued at approximately $8,070,713.84. The trade was a 3.31% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Patrick J. Keeley sold 31,559 shares of the company’s 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 owned 188,450 shares in the company, valued at $508,815. The trade was a 14.34% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 31.10% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Cubist Systematic Strategies LLC boosted its position in CuriosityStream by 101.7% in the 1st 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 during the last quarter. Goldman Sachs Group Inc. lifted its stake in shares of CuriosityStream by 657.3% during the first quarter. Goldman Sachs Group Inc. now owns 125,743 shares of the company’s stock valued at $337,000 after acquiring an additional 109,138 shares during the period. Jane Street Group LLC acquired a new position in shares of CuriosityStream during the first quarter valued at $486,000. Acadian Asset Management LLC boosted its holdings in CuriosityStream by 121.8% in the first quarter. Acadian Asset Management LLC now owns 198,278 shares of the company’s stock valued at $529,000 after acquiring an additional 108,891 shares during the last quarter. Finally, Geode Capital Management LLC boosted its holdings in CuriosityStream by 112.9% in the second quarter. Geode Capital Management LLC now owns 727,103 shares of the company’s stock valued at $4,094,000 after acquiring an additional 385,534 shares during the last quarter. 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.