Brokerages Set CuriosityStream Inc. (NASDAQ:CURI) Target Price at $6.33

Shares of CuriosityStream Inc. (NASDAQ:CURI) have earned a consensus recommendation of “Moderate Buy” from the six analysts that are covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $6.3333.

A number of equities analysts have commented on CURI shares. Barrington Research reaffirmed an “outperform” rating and set a $6.00 target price on shares of CuriosityStream in a research note on Thursday, November 13th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of CuriosityStream in a research report on Monday. Wall Street Zen upgraded CuriosityStream from a “hold” rating to a “buy” rating in a research report on Saturday, November 8th. Zacks Research upgraded CuriosityStream from a “strong sell” rating to a “hold” rating in a research report on Thursday, December 11th. Finally, Needham & Company LLC upped their price target on CuriosityStream from $5.50 to $6.00 and gave the company a “buy” rating in a research note on Thursday, September 25th.

Insider Activity at CuriosityStream

In other CuriosityStream news, CEO Clinton Larry Stinchcomb sold 100,000 shares of the business’s stock in a transaction dated Tuesday, November 25th. The shares were sold at an average price of $4.62, for a total transaction of $462,000.00. Following the sale, the chief executive officer directly owned 2,417,998 shares in the company, valued at $11,171,150.76. This represents a 3.97% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Theresa Ellen Cudahy sold 10,200 shares of the stock in a transaction dated Thursday, November 20th. The stock was sold at an average price of $4.98, for a total transaction of $50,796.00. Following the sale, the chief operating officer directly owned 514,648 shares in the company, valued at $2,562,947.04. This represents a 1.94% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 360,255 shares of company stock worth $1,701,804. 52.00% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On CuriosityStream

A number of hedge funds have recently added to or reduced their stakes in CURI. Jacobs Levy Equity Management Inc. acquired a new position in shares of CuriosityStream in the third quarter worth $797,000. NewEdge Advisors LLC purchased a new position in CuriosityStream in the third quarter valued at $83,000. PharVision Advisers LLC purchased a new position in CuriosityStream in the third quarter valued at $249,000. Sherbrooke Park Advisers LLC acquired a new position in CuriosityStream during the 3rd quarter worth $67,000. Finally, Quarry LP purchased a new stake in CuriosityStream during the 3rd quarter worth about $45,000. 6.79% of the stock is currently owned by institutional investors and hedge funds.

CuriosityStream Trading Up 3.4%

CURI opened at $3.96 on Wednesday. CuriosityStream has a twelve month low of $1.48 and a twelve month high of $7.15. The firm has a market capitalization of $230.87 million, a PE ratio of -44.00 and a beta of 1.84. The firm’s 50-day moving average price is $4.40 and its 200 day moving average price is $4.63.

CuriosityStream (NASDAQ:CURI) last released its earnings results on Wednesday, November 12th. The company reported ($0.06) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.04). CuriosityStream had a negative return on equity of 10.24% and a negative net margin of 8.19%.The business had revenue of $18.36 million during the quarter, compared to analysts’ expectations of $16.35 million. As a group, analysts predict that CuriosityStream will post -0.2 earnings per share for the current fiscal year.

CuriosityStream Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, December 19th. Stockholders of record on Friday, December 5th were given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 8.1%. The ex-dividend date was Friday, December 5th. CuriosityStream’s dividend payout ratio (DPR) is currently -355.56%.

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.