CuriosityStream (NASDAQ:CURI) Stock Rating Cut to “Hold” at Zacks Research

Zacks Research downgraded shares of CuriosityStream (NASDAQ:CURI) from a strong-buy rating to a hold rating in a report published on Monday,Zacks reports.

Several other equities analysts have also commented on CURI. Wall Street Zen raised shares of CuriosityStream from a “hold” rating to a “buy” rating in a report on Saturday, August 15th. Weiss Ratings cut shares of CuriosityStream from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday, October 8th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $5.00.

CuriosityStream Stock Up 7.3%

CURI stock opened at $2.79 on Monday. The company has a market cap of $165.56 million, a PE ratio of 279.00 and a beta of 1.71. The business has a 50-day simple moving average of $2.85 and a 200 day simple moving average of $2.84. CuriosityStream has a 52 week low of $2.30 and a 52 week high of $5.10.

CuriosityStream (NASDAQ:CURI) last posted its quarterly earnings data on Wednesday, August 12th. The company reported $0.15 earnings per share for the quarter, topping the consensus estimate of $0.04 by $0.11. CuriosityStream had a net margin of 0.03% and a return on equity of 0.06%. The business had revenue of $23.25 million during the quarter, compared to analysts’ expectations of $21.32 million. On average, analysts anticipate that CuriosityStream will post 0.20 EPS for the current fiscal year.

CuriosityStream Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 18th. Stockholders of record on Friday, September 4th were paid a $0.0850 dividend. The ex-dividend date was Friday, September 4th. This represents a $0.34 annualized dividend and a dividend yield of 12.2%. CuriosityStream’s dividend payout ratio (DPR) is presently 3,400.00%.

Insider Activity

In other CuriosityStream news, CEO Clinton Stinchcomb purchased 30,000 shares of the stock in a transaction dated Thursday, August 27th. The stock was bought at an average price of $2.55 per share, with a total value of $76,500.00. Following the acquisition, the chief executive officer owned 3,001,260 shares of the company’s stock, valued at approximately $7,653,213. This represents a 1.01% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 31.10% of the company’s stock.

Institutional Trading of CuriosityStream

Several institutional investors and hedge funds have recently modified their holdings of the business. Public Employees Retirement System of Ohio acquired a new stake in CuriosityStream in the second quarter valued at about $25,000. Bank of New York Mellon Corp bought a new position in CuriosityStream in the second quarter valued at about $1,184,000. Renaissance Technologies LLC grew its position in CuriosityStream by 30.1% in the first quarter. Renaissance Technologies LLC now owns 1,768,800 shares of the company’s stock valued at $5,236,000 after acquiring an additional 408,900 shares during the last quarter. Sei Investments Co. grew its position in CuriosityStream by 139.1% in the first quarter. Sei Investments Co. now owns 232,371 shares of the company’s stock valued at $688,000 after acquiring an additional 135,173 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its position in CuriosityStream by 117.0% in the first quarter. Dimensional Fund Advisors LP now owns 233,340 shares of the company’s stock valued at $690,000 after acquiring an additional 125,794 shares during the last quarter. 6.79% of the stock is currently owned by institutional investors.

CuriosityStream Company Profile

CuriosityStream Inc (NASDAQ:CURI) is a factual-media and streaming company focused on science, technology, history, nature and related educational content. Its flagship service, Curiosity Stream, offers on-demand documentaries, series and other nonfiction programming through its website, mobile applications, connected-TV platforms and distribution partners.

The company also develops and distributes educational and factual programming through digital products and branded content offerings.