CuriosityStream Inc. (NASDAQ:CURI) Receives Average Recommendation of “Moderate Buy” from Analysts

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

A number of brokerages have recently issued reports on CURI. Barrington Research cut their price target on shares of CuriosityStream from $5.50 to $5.00 and set an “outperform” rating for the company in a 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. Singular Research raised CuriosityStream to a “strong-buy” rating in a research note on Monday, June 1st. Finally, Weiss Ratings upgraded CuriosityStream from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday, March 13th.

Insider Transactions at CuriosityStream

In related news, CEO Clinton Larry Stinchcomb bought 94,256 shares of the firm’s stock in a transaction on Wednesday, May 27th. The shares were bought at an average price of $2.74 per share, with a total value of $258,261.44. Following the completion of the transaction, the chief executive officer directly owned 2,945,516 shares of the company’s stock, valued at $8,070,713.84. This represents a 3.31% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 31.10% of the company’s stock.

Institutional Investors Weigh In On CuriosityStream

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. State of Alaska Department of Revenue acquired a new position in shares of CuriosityStream in the 4th quarter worth approximately $35,000. Mangrove Partners IM LLC acquired a new stake in CuriosityStream in the 4th quarter valued at approximately $42,000. Quarry LP purchased a new stake in CuriosityStream in the third quarter valued at approximately $45,000. Schonfeld Strategic Advisors LLC raised its position in CuriosityStream by 30.8% in the fourth quarter. Schonfeld Strategic Advisors LLC now owns 13,235 shares of the company’s stock valued at $50,000 after purchasing an additional 3,115 shares during the period. Finally, Diversify Wealth Management LLC acquired a new position in CuriosityStream during the first quarter worth $53,000. 6.79% of the stock is owned by hedge funds and other institutional investors.

CuriosityStream Stock Performance

NASDAQ CURI opened at $2.82 on Wednesday. The stock’s fifty day moving average is $3.05 and its two-hundred day moving average is $3.48. The firm has a market capitalization of $166.30 million, a P/E ratio of -21.69 and a beta of 1.75. CuriosityStream has a fifty-two week low of $2.30 and a fifty-two week high of $5.88.

CuriosityStream (NASDAQ:CURI) last posted its quarterly earnings results on Thursday, May 14th. The company reported ($0.02) EPS for the quarter, hitting the consensus estimate of ($0.02). CuriosityStream had a negative return on equity of 18.46% and a negative net margin of 11.26%.The business had revenue of $15.16 million for the quarter, compared to analyst estimates of $16.79 million. As a group, sell-side analysts forecast that CuriosityStream will post 0.07 EPS for the current year.

CuriosityStream Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 19th. Investors of record on Friday, June 5th will be given a dividend of $0.085 per share. This represents a $0.34 dividend on an annualized basis and a dividend yield of 12.1%. The ex-dividend date of this dividend is Friday, June 5th. This is a positive change from CuriosityStream’s previous quarterly dividend of $0.08. CuriosityStream’s dividend payout ratio is -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.