CuriosityStream (NASDAQ:CURI) Earns “Buy” Rating from Needham & Company LLC

Needham & Company LLC reaffirmed their buy rating on shares of CuriosityStream (NASDAQ:CURI) in a research note published on Tuesday, Benzinga reports. The brokerage currently has a $1.35 price target on the stock.

CuriosityStream Price Performance

CURI stock opened at $1.08 on Tuesday. The stock has a market capitalization of $57.89 million, a P/E ratio of -1.24 and a beta of 1.15. The business has a 50-day moving average of $1.06 and a 200-day moving average of $0.73. CuriosityStream has a fifty-two week low of $0.45 and a fifty-two week high of $1.55.

CuriosityStream (NASDAQ:CURI) last issued its quarterly earnings results on Wednesday, March 20th. The company reported ($0.09) EPS for the quarter, beating the consensus estimate of ($0.17) by $0.08. CuriosityStream had a negative return on equity of 34.10% and a negative net margin of 81.73%. The firm had revenue of $14.78 million during the quarter, compared to analysts’ expectations of $16.20 million. Equities analysts expect that CuriosityStream will post -0.19 EPS for the current year.

CuriosityStream Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Friday, July 12th will be given a dividend of $0.025 per share. The ex-dividend date is Friday, July 12th. This represents a $0.10 annualized dividend and a yield of 9.26%. CuriosityStream’s dividend payout ratio (DPR) is presently -11.49%.

Insider Activity at CuriosityStream

In related news, major shareholder Hendricks Factual Media Llc sold 99,400 shares of the stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $1.01, for a total transaction of $100,394.00. Following the completion of the transaction, the insider now directly owns 21,256,788 shares of the company’s stock, valued at $21,469,355.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other CuriosityStream news, CEO Clinton Larry Stinchcomb acquired 39,600 shares of the company’s stock in a transaction on Thursday, May 23rd. The shares were purchased at an average price of $1.07 per share, for a total transaction of $42,372.00. Following the completion of the purchase, the chief executive officer now directly owns 246,564 shares of the company’s stock, valued at $263,823.48. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, major shareholder Hendricks Factual Media Llc sold 99,400 shares of the company’s stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $1.01, for a total value of $100,394.00. Following the completion of the sale, the insider now owns 21,256,788 shares in the company, valued at approximately $21,469,355.88. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 428,349 shares of company stock valued at $441,957. Insiders own 55.40% of the company’s stock.

Hedge Funds Weigh In On CuriosityStream

A hedge fund recently raised its stake in CuriosityStream stock. Virtu Financial LLC lifted its position in shares of CuriosityStream Inc. (NASDAQ:CURI) by 782.8% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 151,267 shares of the company’s stock after purchasing an additional 134,132 shares during the period. Virtu Financial LLC owned 0.28% of CuriosityStream worth $162,000 as of its most recent filing with the Securities and Exchange Commission. 6.79% of the stock is currently owned by institutional investors.

About CuriosityStream

CuriosityStream Inc operates as a factual content streaming service and media company. The company provides premium video and audio programming services in various categories of factual entertainment, including science, history, society, nature, lifestyle, and technology through direct subscription video on-demand (SVoD) platforms accessible by internet connected devices, or indirectly via distribution partners who deliver CuriosityStream content via distributor's platform or system, as well as through bundled content licenses for SVoD and linear offerings, talks and courses, and partner bulk sales.