Patrick Keeley Sells 31,559 Shares of CuriosityStream (NASDAQ:CURI) Stock

CuriosityStream Inc. (NASDAQ:CURI) Director Patrick Keeley sold 31,559 shares of the stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $2.70, for a total transaction of $85,209.30. Following the completion of the sale, the director directly owned 188,450 shares in the company, valued at approximately $508,815. This represents a 14.34% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link.

CuriosityStream Trading Down 2.7%

Shares of NASDAQ:CURI opened at $2.49 on Thursday. CuriosityStream Inc. has a 52 week low of $2.30 and a 52 week high of $5.88. The company’s 50 day moving average is $3.00 and its two-hundred day moving average is $3.39. The company has a market cap of $146.84 million, a PE ratio of -19.15 and a beta of 1.75.

CuriosityStream (NASDAQ:CURI) last announced its quarterly earnings data 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 company had revenue of $15.16 million for the quarter, compared to the consensus estimate of $16.79 million. As a group, equities research analysts expect that CuriosityStream Inc. will post 0.07 EPS for the current year.

CuriosityStream Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 19th. Investors of record on Friday, June 5th will be given a $0.085 dividend. This is a positive change from CuriosityStream’s previous quarterly dividend of $0.08. The ex-dividend date of this dividend is Friday, June 5th. This represents a $0.34 dividend on an annualized basis and a dividend yield of 13.7%. CuriosityStream’s payout ratio is -261.54%.

Wall Street Analyst Weigh In

CURI has been the topic of a number of recent analyst reports. Barrington Research dropped 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. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of CuriosityStream in a research report on Tuesday, June 9th. Finally, Singular Research raised shares of CuriosityStream to a “strong-buy” rating in a research report on Monday, June 1st. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, CuriosityStream currently has a consensus rating of “Moderate Buy” and a consensus price target of $6.00.

Institutional Trading of CuriosityStream

Large investors have recently bought and sold shares of the business. State of Alaska Department of Revenue acquired a new stake in CuriosityStream during the 4th quarter worth $35,000. Mangrove Partners IM LLC acquired a new stake in CuriosityStream during the 4th quarter worth $42,000. Quarry LP acquired a new stake in CuriosityStream during the 3rd quarter worth $45,000. Schonfeld Strategic Advisors LLC boosted its stake in CuriosityStream by 30.8% during the 4th quarter. Schonfeld Strategic Advisors LLC now owns 13,235 shares of the company’s stock worth $50,000 after purchasing an additional 3,115 shares during the period. Finally, Diversify Wealth Management LLC acquired a new stake in CuriosityStream during the 1st quarter worth $53,000. Institutional investors and hedge funds 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.