Key Points
- CEO Clinton Larry Stinchcomb bought 20,000 CuriosityStream shares at an average price of $2.60, investing $52,000 and increasing his holdings to 3,021,260 shares. He also purchased 30,000 shares the previous day.
- CuriosityStream recently exceeded quarterly expectations, reporting $0.15 EPS versus a $0.04 estimate and revenue of $23.25 million. The company also declared a quarterly dividend of $0.085 per share, representing a 12.2% annualized yield.
- Analysts maintain a generally positive view, with the stock receiving an average “Buy” rating and a $5.50 price target, compared with a recent share price of $2.79.
CuriosityStream Inc. (NASDAQ:CURI - Get Free Report) CEO Clinton Larry Stinchcomb purchased 20,000 shares of the firm's stock in a transaction that occurred on Friday, August 28th. The shares were acquired at an average price of $2.60 per share, with a total value of $52,000.00. Following the purchase, the chief executive officer owned 3,021,260 shares in the company, valued at $7,855,276. This trade represents a 0.67% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
Clinton Larry Stinchcomb also recently made the following trade(s):
- On Thursday, August 27th, Clinton Larry Stinchcomb acquired 30,000 shares of CuriosityStream stock. The shares were acquired at an average cost of $2.55 per share, for a total transaction of $76,500.00.
CuriosityStream Stock Performance
NASDAQ CURI opened at $2.79 on Wednesday. The firm's fifty day moving average is $2.71 and its two-hundred day moving average is $2.94. CuriosityStream Inc. has a one year low of $2.30 and a one year high of $5.51. The firm has a market cap of $165.56 million, a PE ratio of 279.00 and a beta of 1.76.
CuriosityStream (NASDAQ:CURI - Get Free Report) last announced its earnings results 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 the consensus estimate of $21.32 million. Research analysts predict that CuriosityStream Inc. will post 0.2 earnings per share for the current year.
CuriosityStream Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 18th. Shareholders of record on Friday, September 4th will be given a dividend of $0.085 per share. This represents a $0.34 dividend on an annualized basis and a yield of 12.2%. The ex-dividend date of this dividend is Friday, September 4th. CuriosityStream's dividend payout ratio (DPR) is presently 3,400.00%.
Institutional Inflows and Outflows
A number of hedge funds have recently added to or reduced their stakes in CURI. Millennium Management LLC grew its holdings in shares of CuriosityStream by 234.5% in the 4th quarter. Millennium Management LLC now owns 688,041 shares of the company's stock worth $2,615,000 after acquiring an additional 482,360 shares during the period. Bank of New York Mellon Corp acquired a new stake in CuriosityStream in the second quarter valued at $1,184,000. Russell Investments Group Ltd. increased its position in shares of CuriosityStream by 974.5% in the third 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 in the last quarter. Renaissance Technologies LLC raised its stake in shares of CuriosityStream by 30.1% during the 1st quarter. Renaissance Technologies LLC now owns 1,768,800 shares of the company's stock worth $5,236,000 after buying an additional 408,900 shares during the last quarter. Finally, Geode Capital Management LLC boosted 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 worth $4,094,000 after buying an additional 385,534 shares in the last quarter. 6.79% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
A number of brokerages have recently issued reports on CURI. Weiss Ratings upgraded shares of CuriosityStream from a "hold (c-)" rating to a "hold (c)" rating in a research note on Friday, August 14th. Barrington Research reduced their price objective 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. Wall Street Zen upgraded CuriosityStream from a "hold" rating to a "buy" rating in a research report on Saturday, August 15th. Singular Research raised CuriosityStream to a "strong-buy" rating in a report on Monday, June 1st. Finally, Zacks Research upgraded CuriosityStream from a "hold" rating to a "strong-buy" rating in a research note on Thursday, August 13th. Two research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Buy" and an average price target of $5.50.
Get Our Latest Stock Analysis on CuriosityStream
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.
See Also
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
