Brokerages Set CuriosityStream Inc. (NASDAQ:CURI) PT at $6.00

CuriosityStream Inc. (NASDAQ:CURI) has received an average rating of “Moderate Buy” from the six brokerages that are currently covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold recommendation, three have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $6.00.

A number of analysts have commented on CURI shares. Barrington Research reduced their price target on CuriosityStream from $5.50 to $5.00 and set an “outperform” rating for the company in a research report on Friday, May 15th. Zacks Research upgraded CuriosityStream from a “strong sell” rating to a “hold” rating in a research report on Tuesday, February 10th. Finally, Weiss Ratings upgraded CuriosityStream from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday, March 13th.

Institutional Trading of CuriosityStream

A number of hedge funds and other institutional investors have recently bought and sold shares of CURI. Cubist Systematic Strategies LLC increased its position in CuriosityStream by 101.7% in the first quarter. Cubist Systematic Strategies LLC now owns 54,712 shares of the company’s stock worth $147,000 after buying an additional 27,582 shares in the last quarter. Goldman Sachs Group Inc. grew its position in shares of CuriosityStream by 657.3% during the first quarter. Goldman Sachs Group Inc. now owns 125,743 shares of the company’s stock worth $337,000 after purchasing an additional 109,138 shares in the last quarter. Jane Street Group LLC purchased a new stake in shares of CuriosityStream during the first quarter worth about $486,000. Acadian Asset Management LLC grew its position in shares of CuriosityStream by 121.8% during the first quarter. Acadian Asset Management LLC now owns 198,278 shares of the company’s stock worth $529,000 after purchasing an additional 108,891 shares in the last quarter. Finally, Geode Capital Management LLC grew its position in shares of CuriosityStream by 112.9% during the second quarter. Geode Capital Management LLC now owns 727,103 shares of the company’s stock worth $4,094,000 after purchasing an additional 385,534 shares in the last quarter. Hedge funds and other institutional investors own 6.79% of the company’s stock.

CuriosityStream Stock Down 1.2%

Shares of CURI opened at $2.55 on Friday. The business has a 50-day simple moving average of $3.12 and a two-hundred day simple moving average of $3.59. The stock has a market cap of $150.37 million, a price-to-earnings ratio of -19.62 and a beta of 1.82. CuriosityStream has a 52 week low of $2.30 and a 52 week high of $7.15.

CuriosityStream (NASDAQ:CURI) last issued its quarterly earnings results on Thursday, May 14th. The company reported ($0.02) EPS for the quarter, hitting analysts’ consensus estimates of ($0.02). The business had revenue of $15.16 million during the quarter, compared to analysts’ expectations of $16.79 million. CuriosityStream had a negative return on equity of 18.46% and a negative net margin of 11.26%. On average, equities analysts anticipate that CuriosityStream will post 0.08 earnings per share for the current fiscal year.

CuriosityStream Increases Dividend

The business also recently declared 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 is Friday, June 5th. This is a positive change from CuriosityStream’s previous quarterly dividend of $0.08. This represents a $0.34 dividend on an annualized basis and a yield of 13.3%. CuriosityStream’s dividend payout ratio (DPR) is currently -246.15%.

CuriosityStream Company Profile

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.