CuriosityStream (NASDAQ:CURI) CFO Sells $77,824.00 in Stock

CuriosityStream Inc. (NASDAQ:CURI) CFO Phillip Brady Hayden sold 30,400 shares of the firm’s stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $2.56, for a total transaction of $77,824.00. Following the completion of the transaction, the chief financial officer directly owned 71,267 shares of the company’s stock, valued at $182,443.52. This represents a 29.90% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

CuriosityStream Stock Performance

NASDAQ CURI opened at $2.53 on Friday. CuriosityStream Inc. has a twelve month low of $2.30 and a twelve month high of $5.88. The stock has a market cap of $149.19 million, a price-to-earnings ratio of -19.46 and a beta of 1.75. The firm’s 50 day moving average price is $2.99 and its two-hundred day moving average price is $3.38.

CuriosityStream (NASDAQ:CURI) last released its earnings results on Thursday, May 14th. The company reported ($0.02) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.02). The company had revenue of $15.16 million during the quarter, compared to analyst estimates of $16.79 million. CuriosityStream had a negative return on equity of 18.46% and a negative net margin of 11.26%. On average, research analysts forecast that CuriosityStream Inc. will post 0.07 EPS for the current fiscal year.

CuriosityStream Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 19th. Investors of record on Friday, June 5th will be given a dividend of $0.085 per share. The ex-dividend date of this dividend is Friday, June 5th. This is a positive change from CuriosityStream’s previous quarterly dividend of $0.08. This represents a $0.34 annualized dividend and a yield of 13.4%. CuriosityStream’s payout ratio is presently -261.54%.

Hedge Funds Weigh In On CuriosityStream

Several institutional investors and hedge funds have recently modified their holdings of CURI. State of Alaska Department of Revenue purchased a new position in shares of CuriosityStream during the 4th quarter valued at $35,000. Mangrove Partners IM LLC purchased a new stake in shares of CuriosityStream during the fourth quarter worth $42,000. Quarry LP purchased a new stake in shares of CuriosityStream during the third quarter worth $45,000. Schonfeld Strategic Advisors LLC boosted its position in CuriosityStream by 30.8% during the fourth quarter. Schonfeld Strategic Advisors LLC now owns 13,235 shares of the company’s stock valued at $50,000 after purchasing an additional 3,115 shares during the last quarter. Finally, Diversify Wealth Management LLC acquired a new stake in CuriosityStream during the first quarter valued at $53,000. 6.79% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

CURI has been the subject of several research analyst reports. Weiss Ratings reissued a “hold (c-)” rating on shares of CuriosityStream in a research note on Tuesday, June 9th. Barrington Research dropped their target price on CuriosityStream from $5.50 to $5.00 and set an “outperform” rating on the stock in a report on Friday, May 15th. 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 company. Based on data from MarketBeat, CuriosityStream presently has an average rating of “Moderate Buy” and an average target price of $6.00.

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.