CuriosityStream (NASDAQ:CURI) Posts Earnings Results, Misses Expectations By $0.02 EPS

CuriosityStream (NASDAQ:CURI) posted its quarterly earnings results on Wednesday. The company reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.04) by ($0.02), FiscalAI reports. The company had revenue of $19.20 million during the quarter, compared to analyst estimates of $18.91 million. CuriosityStream had a negative net margin of 8.19% and a negative return on equity of 10.24%.

CuriosityStream Trading Up 3.8%

CURI traded up $0.12 on Wednesday, hitting $3.27. 1,340,786 shares of the company’s stock were exchanged, compared to its average volume of 522,687. The stock has a fifty day moving average of $3.47 and a two-hundred day moving average of $4.17. CuriosityStream has a twelve month low of $2.30 and a twelve month high of $7.15. The firm has a market cap of $190.64 million, a PE ratio of -36.33 and a beta of 1.85.

CuriosityStream Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 20th. Investors of record on Friday, March 6th will be given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 9.8%. The ex-dividend date of this dividend is Friday, March 6th. CuriosityStream’s dividend payout ratio is currently -355.56%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. Zacks Research raised shares of CuriosityStream from a “strong sell” rating to a “hold” rating in a research report on Tuesday, February 10th. Barrington Research reiterated an “outperform” rating and issued a $6.00 price target on shares of CuriosityStream in a research note on Thursday, November 13th. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of CuriosityStream in a research note on Monday, December 29th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, CuriosityStream presently has an average rating of “Moderate Buy” and a consensus target price of $6.33.

Insider Buying and Selling

In other news, CFO Phillip Brady Hayden sold 17,474 shares of the company’s stock in a transaction that occurred on Friday, January 2nd. The stock was sold at an average price of $3.76, for a total transaction of $65,702.24. Following the completion of the transaction, the chief financial officer directly owned 101,667 shares of the company’s stock, valued at approximately $382,267.92. This represents a 14.67% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 52.00% of the stock is currently owned by insiders.

Institutional Trading of CuriosityStream

Several hedge funds have recently made changes to their positions in CURI. Mangrove Partners IM LLC bought a new stake in shares of CuriosityStream during the fourth quarter valued at about $42,000. Quarry LP acquired a new position in CuriosityStream during the 3rd quarter valued at about $45,000. Schonfeld Strategic Advisors LLC raised its position in shares of CuriosityStream by 30.8% during the 4th quarter. Schonfeld Strategic Advisors LLC now owns 13,235 shares of the company’s stock worth $50,000 after buying an additional 3,115 shares in the last quarter. The Manufacturers Life Insurance Company acquired a new stake in shares of CuriosityStream in the 2nd quarter worth approximately $64,000. Finally, Sherbrooke Park Advisers LLC acquired a new stake in shares of CuriosityStream in the 3rd quarter worth approximately $67,000. Institutional investors own 6.79% of the company’s stock.

About CuriosityStream

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.