CuriosityStream Inc. (NASDAQ:CURI) Stock Rated “Moderate Buy” by Sell-Side Brokerages

CuriosityStream Inc. (NASDAQ:CURI) has earned a consensus rating of “Moderate Buy” from the five brokerages that are covering the company, MarketBeat reports. Two research analysts have rated the stock with a hold recommendation, two have issued a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $4.50.

CURI has been the subject of several recent analyst reports. Needham & Company LLC cut their price objective on CuriosityStream from $6.00 to $4.00 and set a “buy” rating for the company in a report on Thursday. Zacks Research downgraded shares of CuriosityStream from a “strong-buy” rating to a “hold” rating in a report on Monday, October 19th. Weiss Ratings upgraded shares of CuriosityStream from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, November 2nd. Finally, Wall Street Zen raised shares of CuriosityStream from a “hold” rating to a “buy” rating in a research report on Saturday, August 15th.

CuriosityStream Price Performance

NASDAQ CURI opened at $2.37 on Thursday. CuriosityStream has a one year low of $2.30 and a one year high of $5.10. The firm has a market cap of $140.63 million, a P/E ratio of 237.00 and a beta of 1.81. The stock’s 50-day moving average is $2.76 and its 200-day moving average is $2.93.

CuriosityStream (NASDAQ:CURI) last announced its earnings results on Wednesday, November 11th. The company reported $0.08 earnings per share for the quarter, topping analysts’ consensus estimates of $0.03 by $0.05. CuriosityStream had a net margin of 0.03% and a return on equity of 0.06%. The firm had revenue of $20.72 million during the quarter, compared to analyst estimates of $19.98 million. Equities analysts anticipate that CuriosityStream will post 0.20 EPS for the current year.

CuriosityStream Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 15th. Investors of record on Thursday, December 3rd will be issued a dividend of $0.0850 per share. The ex-dividend date of this dividend is Thursday, December 3rd. This represents a $0.34 dividend on an annualized basis and a dividend yield of 14.3%. CuriosityStream’s payout ratio is presently 3,400.00%.

Insider Activity at CuriosityStream

In related news, CEO Clinton Stinchcomb purchased 30,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 27th. The shares were acquired at an average price of $2.55 per share, for a total transaction of $76,500.00. Following the purchase, the chief executive officer owned 3,001,260 shares in the company, valued at approximately $7,653,213. This represents a 1.01% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 31.10% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On CuriosityStream

Several institutional investors and hedge funds have recently modified their holdings of the business. Renaissance Technologies LLC increased its holdings in shares of CuriosityStream by 30.1% during the first quarter. Renaissance Technologies LLC now owns 1,768,800 shares of the company’s stock worth $5,236,000 after purchasing an additional 408,900 shares during the period. Bank of New York Mellon Corp raised its position in shares of CuriosityStream by 6.0% in the first quarter. Bank of New York Mellon Corp now owns 446,617 shares of the company’s stock valued at $1,322,000 after buying an additional 25,366 shares in the last quarter. Russell Investments Group Ltd. raised its position in shares of CuriosityStream by 1,518.9% in the third quarter. Russell Investments Group Ltd. now owns 252,306 shares of the company’s stock valued at $734,000 after buying an additional 236,721 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of CuriosityStream by 117.0% in the first quarter. Dimensional Fund Advisors LP now owns 233,340 shares of the company’s stock valued at $690,000 after buying an additional 125,794 shares during the period. Finally, Sei Investments Co. boosted its stake in shares of CuriosityStream by 139.1% in the first quarter. Sei Investments Co. now owns 232,371 shares of the company’s stock valued at $688,000 after buying an additional 135,173 shares during the period. 6.79% of the stock is currently owned by institutional investors and hedge funds.

About CuriosityStream

CuriosityStream Inc. is a media and entertainment company that operates a subscription streaming service focused on factual and nonfiction programming. Its content covers subjects such as science, technology, history, nature, space, engineering and society, with documentaries, series and other educational video programs available through digital platforms. The company distributes its programming through its own streaming service and through third-party distribution and technology partners. CuriosityStream has served viewers internationally, offering content through online and connected-TV platforms in multiple markets and making programming available in several languages through subtitles or dubbing.