Insider Buying: CuriosityStream (NASDAQ:CURI) CEO Acquires $76,500.00 in Stock

CuriosityStream Inc. (NASDAQ:CURI) CEO Clinton Larry Stinchcomb bought 30,000 shares of the business’s stock in a transaction on Thursday, August 27th. The stock was bought at an average cost of $2.55 per share, with a total value of $76,500.00. Following the transaction, the chief executive officer owned 3,001,260 shares in the company, valued at $7,653,213. This trade represents a 1.01% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this link.

Clinton Larry Stinchcomb also recently made the following trade(s):

• On Friday, August 28th, Clinton Larry Stinchcomb acquired 20,000 shares of CuriosityStream stock. The stock was purchased at an average cost of $2.60 per share, with a total value of $52,000.00.

CuriosityStream Stock Performance

CuriosityStream stock opened at $2.92 on Thursday. The stock has a market cap of $173.27 million, a PE ratio of 292.00 and a beta of 1.76. The stock has a fifty day moving average of $2.72 and a 200 day moving average of $2.93. CuriosityStream Inc. has a one year low of $2.30 and a one year high of $5.51.

CuriosityStream (NASDAQ:CURI) last issued its quarterly earnings data on Wednesday, August 12th. The company reported $0.15 earnings per share for the quarter, topping the consensus estimate of $0.04 by $0.11. CuriosityStream had a net margin of 0.03% and a return on equity of 0.06%. The firm had revenue of $23.25 million for the quarter, compared to analysts’ expectations of $21.32 million. As a group, sell-side analysts predict that CuriosityStream Inc. will post 0.2 EPS for the current fiscal year.

CuriosityStream Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 18th. Investors of record on Friday, September 4th will be issued a $0.085 dividend. The ex-dividend date of this dividend is Friday, September 4th. This represents a $0.34 dividend on an annualized basis and a dividend yield of 11.6%. CuriosityStream’s dividend payout ratio (DPR) is 3,400.00%.

Analyst Ratings Changes

CURI has been the topic of a number of recent research reports. Singular Research raised shares of CuriosityStream to a “strong-buy” rating in a research note on Monday, June 1st. Zacks Research upgraded shares of CuriosityStream from a “hold” rating to a “strong-buy” rating in a report on Thursday, August 13th. Barrington Research decreased their target price on shares of CuriosityStream from $5.50 to $5.00 and set an “outperform” rating on the stock in a research report on Friday, May 15th. Wall Street Zen raised shares of CuriosityStream from a “hold” rating to a “buy” rating in a report on Saturday, August 15th. Finally, Weiss Ratings upgraded CuriosityStream from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, August 14th. Two analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $5.50.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of CURI. Schonfeld Strategic Advisors LLC grew its position in CuriosityStream by 30.8% in the 4th quarter. Schonfeld Strategic Advisors LLC now owns 13,235 shares of the company’s stock valued at $50,000 after acquiring an additional 3,115 shares during the last quarter. MetLife Investment Management LLC increased its stake in CuriosityStream by 17.7% in the fourth quarter. MetLife Investment Management LLC now owns 24,630 shares of the company’s stock worth $94,000 after purchasing an additional 3,704 shares during the period. Invesco Ltd. lifted its position in shares of CuriosityStream by 31.9% during the fourth quarter. Invesco Ltd. now owns 27,799 shares of the company’s stock worth $106,000 after purchasing an additional 6,728 shares during the last quarter. Bank of America Corp DE boosted its stake in shares of CuriosityStream by 36.6% during the third quarter. Bank of America Corp DE now owns 26,920 shares of the company’s stock valued at $143,000 after purchasing an additional 7,206 shares during the period. Finally, Quarry LP purchased a new stake in shares of CuriosityStream during the third quarter valued at $45,000. 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.