CuriosityStream Inc. (NASDAQ:CURI) Given Consensus Recommendation of “Moderate Buy” by Analysts

CuriosityStream Inc. (NASDAQ:CURI) has earned an average recommendation of “Moderate Buy” from the six ratings firms that are currently covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $6.00.

A number of analysts have commented on the company. Weiss Ratings reissued a “hold (c-)” rating on shares of CuriosityStream in a report on Tuesday, June 9th. Singular Research raised CuriosityStream to a “strong-buy” rating in a report on Monday, June 1st. Finally, Barrington Research dropped their price objective on CuriosityStream from $5.50 to $5.00 and set an “outperform” rating on the stock in a research report on Friday, May 15th.

Insider Activity

In related news, CFO Phillip Brady Hayden sold 30,400 shares of the firm’s stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $2.56, for a total value of $77,824.00. Following the sale, the chief financial officer owned 71,267 shares in the company, valued at approximately $182,443.52. This trade represents a 29.90% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Clinton Larry Stinchcomb bought 94,256 shares of the business’s stock in a transaction on Wednesday, May 27th. The stock was bought at an average cost of $2.74 per share, with a total value of $258,261.44. Following the transaction, the chief executive officer owned 2,945,516 shares in the company, valued at $8,070,713.84. This trade represents a 3.31% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders own 31.10% of the company’s stock.

Hedge Funds Weigh In On CuriosityStream

Several hedge funds and other institutional investors have recently modified their holdings of the company. Schonfeld Strategic Advisors LLC grew 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 buying an additional 3,115 shares during the period. MetLife Investment Management LLC increased its holdings in CuriosityStream by 17.7% during the fourth quarter. MetLife Investment Management LLC now owns 24,630 shares of the company’s stock valued at $94,000 after buying an additional 3,704 shares during the last quarter. Wealthcare Advisory Partners LLC raised its position in CuriosityStream by 41.5% in the fourth quarter. Wealthcare Advisory Partners LLC now owns 17,194 shares of the company’s stock worth $65,000 after acquiring an additional 5,039 shares during the period. R Squared Ltd raised its position in CuriosityStream by 36.1% in the fourth quarter. R Squared Ltd now owns 20,245 shares of the company’s stock worth $77,000 after acquiring an additional 5,365 shares during the period. Finally, Invesco Ltd. boosted its stake in shares of CuriosityStream by 31.9% during the 4th quarter. Invesco Ltd. now owns 27,799 shares of the company’s stock worth $106,000 after acquiring an additional 6,728 shares during the last quarter. 6.79% of the stock is owned by institutional investors.

CuriosityStream Stock Performance

Shares of NASDAQ CURI opened at $2.61 on Thursday. The firm’s 50 day moving average price is $2.66 and its 200-day moving average price is $3.03. The company has a market cap of $153.91 million, a PE ratio of -20.08 and a beta of 1.77. CuriosityStream has a 52-week low of $2.30 and a 52-week high of $5.51.

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

CuriosityStream Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 19th. Shareholders of record on Friday, June 5th were paid a dividend of $0.085 per share. The ex-dividend date was Friday, June 5th. This represents a $0.34 annualized dividend and a yield of 13.0%. This is an increase from CuriosityStream’s previous quarterly dividend of $0.08. CuriosityStream’s dividend payout ratio (DPR) is currently -261.54%.

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.