Key Points
- CuriosityStream CFO Phillip Brady Hayden sold 30,400 shares on June 12 at an average price of $2.56, totaling $77,824. After the sale, he still held 71,267 shares, reducing his ownership by about 29.9%.
- The stock was little changed, with shares opening at $2.56 and trading up 0.4% in the session. CuriosityStream remains well below its 52-week high of $5.88 and below its 50-day and 200-day moving averages.
- CuriosityStream recently raised its quarterly dividend to $0.085 per share from $0.08, implying a 13.3% annualized yield. The company also reported Q1 earnings in line with expectations, though revenue came in below estimates.
CuriosityStream Inc. (NASDAQ:CURI - Get Free Report) CFO Phillip Brady Hayden sold 30,400 shares of the stock in a transaction that occurred on 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 directly owned 71,267 shares in the company, valued at approximately $182,443.52. This represents a 29.90% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link.
CuriosityStream Trading Up 0.4%
Shares of NASDAQ:CURI opened at $2.56 on Wednesday. CuriosityStream Inc. has a 52 week low of $2.30 and a 52 week high of $5.88. The company's 50 day moving average is $3.01 and its two-hundred day moving average is $3.41. The company has a market cap of $150.96 million, a PE ratio of -19.69 and a beta of 1.75.
CuriosityStream (NASDAQ:CURI - Get Free Report) last announced its quarterly earnings data on Thursday, May 14th. The company reported ($0.02) EPS for the quarter, meeting analysts' consensus estimates of ($0.02). CuriosityStream had a negative net margin of 11.26% and a negative return on equity of 18.46%. The company had revenue of $15.16 million for the quarter, compared to the consensus estimate of $16.79 million. As a group, equities research analysts expect that CuriosityStream Inc. will post 0.07 EPS for the current year.
CuriosityStream Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 19th. Shareholders 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 dividend yield of 13.3%. This is a boost from CuriosityStream's previous quarterly dividend of $0.08. CuriosityStream's payout ratio is currently -261.54%.
Institutional Inflows and Outflows
A number of hedge funds have recently modified their holdings of CURI. Millennium Management LLC grew its position in shares of CuriosityStream by 234.5% in the 4th quarter. Millennium Management LLC now owns 688,041 shares of the company's stock valued at $2,615,000 after buying an additional 482,360 shares during the last quarter. Russell Investments Group Ltd. grew its position in shares of CuriosityStream by 974.5% in the 3rd quarter. Russell Investments Group Ltd. now owns 461,527 shares of the company's stock valued at $2,446,000 after buying an additional 418,576 shares during the last quarter. Renaissance Technologies LLC grew its position in shares of CuriosityStream by 30.1% in the 1st quarter. Renaissance Technologies LLC now owns 1,768,800 shares of the company's stock valued at $5,236,000 after buying an additional 408,900 shares during the last quarter. Geode Capital Management LLC grew its position in shares of CuriosityStream by 112.9% in the 2nd quarter. Geode Capital Management LLC now owns 727,103 shares of the company's stock valued at $4,094,000 after buying an additional 385,534 shares during the last quarter. Finally, Penbrook Management LLC grew its position in shares of CuriosityStream by 94.4% in the 1st quarter. Penbrook Management LLC now owns 675,150 shares of the company's stock valued at $1,998,000 after buying an additional 327,850 shares during the last quarter. 6.79% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
A number of brokerages have commented on CURI. Barrington Research dropped their price objective on shares of CuriosityStream from $5.50 to $5.00 and set an "outperform" rating on the stock in a research report on Friday, May 15th. Weiss Ratings reaffirmed a "hold (c-)" rating on shares of CuriosityStream in a research report on Tuesday, June 9th. Finally, Singular Research raised shares of CuriosityStream to a "strong-buy" rating in a research report on Monday, June 1st. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, CuriosityStream currently has a consensus rating of "Moderate Buy" and an average target price of $6.00.
Get Our Latest Stock Analysis on CURI
CuriosityStream Company Profile
(
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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