CuriosityStream (NASDAQ:CURI) Shares Up 3.8% – Time to Buy?

CuriosityStream Inc. (NASDAQ:CURI)’s stock price shot up 3.8% on Monday . The company traded as high as $2.47 and last traded at $2.44. 211,274 shares traded hands during trading, a decline of 35% from the average daily volume of 325,663 shares. The stock had previously closed at $2.35.

Analysts Set New Price Targets

CURI has been the subject of several research reports. Barrington Research decreased 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. Singular Research upgraded shares of CuriosityStream to a “strong-buy” rating in a research note on Monday, June 1st. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of CuriosityStream in a report on Tuesday, June 9th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $6.00.

CuriosityStream Price Performance

The stock has a market capitalization of $146.84 million, a price-to-earnings ratio of -19.15 and a beta of 1.74. The company has a 50-day simple moving average of $2.67 and a two-hundred day simple moving average of $3.07.

CuriosityStream (NASDAQ:CURI) last announced its quarterly earnings results on Thursday, May 14th. The company reported ($0.02) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.02). The company had revenue of $15.16 million during the quarter, compared to the consensus estimate of $16.79 million. CuriosityStream had a negative net margin of 11.26% and a negative return on equity of 18.46%. Research analysts anticipate that CuriosityStream Inc. will post 0.07 EPS for the current year.

CuriosityStream Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 19th. Shareholders of record on Friday, June 5th were given a $0.085 dividend. This is a positive change from CuriosityStream’s previous quarterly dividend of $0.08. The ex-dividend date was Friday, June 5th. This represents a $0.34 annualized dividend and a yield of 13.7%. CuriosityStream’s payout ratio is currently -261.54%.

Insider Buying and Selling at CuriosityStream

In other CuriosityStream news, CEO Clinton Larry Stinchcomb purchased 94,256 shares of the business’s stock in a transaction dated 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 acquisition, the chief executive officer owned 2,945,516 shares in the company, valued at approximately $8,070,713.84. This represents a 3.31% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Patrick J. Keeley sold 31,559 shares of the business’s stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $2.70, for a total value of $85,209.30. Following the transaction, the director owned 188,450 shares of the company’s stock, valued at approximately $508,815. This represents a 14.34% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 31.10% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in CURI. Renaissance Technologies LLC increased its stake 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 valued at $5,236,000 after acquiring an additional 408,900 shares during the period. Sei Investments Co. lifted its position in CuriosityStream by 139.1% in the first quarter. Sei Investments Co. now owns 232,371 shares of the company’s stock worth $688,000 after purchasing an additional 135,173 shares during the period. Dimensional Fund Advisors LP boosted its stake in CuriosityStream by 117.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 233,340 shares of the company’s stock valued at $690,000 after purchasing an additional 125,794 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in CuriosityStream by 6.0% during the 1st quarter. Bank of New York Mellon Corp now owns 446,617 shares of the company’s stock valued at $1,322,000 after purchasing an additional 25,366 shares in the last quarter. Finally, Diversify Wealth Management LLC bought a new position in CuriosityStream during the 1st quarter valued at $53,000. 6.79% of the stock is currently owned by institutional investors.

CuriosityStream Company Profile

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.