Key Points
- CuriosityStream CEO Clinton Larry Stinchcomb bought 94,256 shares at an average price of $2.74, increasing his stake by 3.31% to 2,945,516 shares. The transaction was disclosed in an SEC filing and totaled about $258,261.
- The company recently reported quarterly earnings of $(0.02) per share, matching analyst estimates, but revenue of $15.16 million came in below expectations. CuriosityStream also continues to show negative profitability metrics, including a negative net margin and return on equity.
- CuriosityStream announced a higher quarterly dividend of $0.085 per share, up from $0.08, for a 11.9% annualized yield. Analysts currently rate the stock a “Moderate Buy,” with an average price target of $6.00.
CuriosityStream Inc. (NASDAQ:CURI - Get Free Report) CEO Clinton Larry Stinchcomb purchased 94,256 shares of the firm's stock in a transaction on Wednesday, May 27th. The shares were acquired at an average cost of $2.74 per share, for a total transaction of $258,261.44. Following the completion of the purchase, the chief executive officer directly owned 2,945,516 shares of the company's stock, valued at approximately $8,070,713.84. This represents a 3.31% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
CuriosityStream Stock Performance
CURI stock opened at $2.86 on Friday. The company has a market capitalization of $168.65 million, a PE ratio of -22.00 and a beta of 1.82. CuriosityStream Inc. has a one year low of $2.30 and a one year high of $7.15. The company's 50 day moving average price is $3.06 and its two-hundred day moving average price is $3.54.
CuriosityStream (NASDAQ:CURI - Get Free Report) last posted its quarterly 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, research analysts predict that CuriosityStream Inc. will post 0.08 EPS for the current year.
CuriosityStream Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, June 19th. Shareholders of record on Friday, June 5th will be paid a dividend of $0.085 per share. This represents a $0.34 annualized dividend and a dividend yield of 11.9%. 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 payout ratio is -246.15%.
Institutional Inflows and Outflows
Hedge funds have recently made changes to their positions in the company. Quarry LP purchased a new position in shares of CuriosityStream in the third quarter worth $45,000. State of Alaska Department of Revenue purchased a new position in shares of CuriosityStream in the fourth quarter worth $35,000. Schonfeld Strategic Advisors LLC purchased a new position in shares of CuriosityStream in the third quarter worth $54,000. Mangrove Partners IM LLC purchased a new position in shares of CuriosityStream in the fourth quarter worth $42,000. Finally, The Manufacturers Life Insurance Company purchased a new position in shares of CuriosityStream in the second quarter worth $64,000. 6.79% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Several research analysts have commented on the stock. Weiss Ratings raised shares of CuriosityStream from a "sell (d+)" rating to a "hold (c-)" rating in a research note on Friday, March 13th. Barrington Research decreased their price target 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. Finally, Zacks Research raised shares of CuriosityStream from a "strong sell" rating to a "hold" rating in a research note on Tuesday, February 10th. One investment 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 stock presently has a consensus rating of "Moderate Buy" and an average price target of $6.00.
Get Our Latest Stock Analysis on CURI
About CuriosityStream
(
Get Free Report)
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.
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