CuriosityStream (NASDAQ:CURI) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of CuriosityStream (NASDAQ:CURI) from a hold rating to a buy rating in a research report report published on Saturday.

A number of other analysts have also weighed in on the stock. Barrington Research reduced their price target on shares of CuriosityStream from $5.50 to $5.00 and set an “outperform” rating for the company in a research note on Friday, May 15th. Weiss Ratings reissued a “hold (c-)” rating on shares of CuriosityStream in a report on Tuesday, June 9th. Finally, Singular Research upgraded shares of CuriosityStream to a “strong-buy” rating in a research report on Monday, June 1st. Two investment analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, CuriosityStream currently has an average rating of “Buy” and a consensus price target of $5.50.

CuriosityStream Trading Down 16.9%

CURI opened at $2.95 on Friday. The business’s 50 day moving average is $2.66 and its 200-day moving average is $2.99. The stock has a market cap of $173.96 million, a PE ratio of 295.00 and a beta of 1.77. CuriosityStream has a twelve month low of $2.30 and a twelve month high of $5.51.

CuriosityStream (NASDAQ:CURI) last issued its quarterly earnings results on Wednesday, August 12th. The company reported $0.15 EPS for the quarter, beating analysts’ consensus estimates of $0.04 by $0.11. The company had revenue of $23.25 million for the quarter, compared to analyst estimates of $21.32 million. CuriosityStream had a return on equity of 0.06% and a net margin of 0.03%. As a group, analysts forecast that CuriosityStream will post 0.12 EPS for the current year.

CuriosityStream Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 18th. Stockholders of record on Friday, September 4th will be paid a $0.085 dividend. The ex-dividend date is Friday, September 4th. This represents a $0.34 dividend on an annualized basis and a dividend yield of 11.5%. CuriosityStream’s dividend payout ratio (DPR) is 3,400.00%.

Insider Activity at CuriosityStream

In related news, Director Patrick J. 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 value of $85,209.30. Following the transaction, the director directly owned 188,450 shares in the company, valued at $508,815. This represents a 14.34% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Phillip Brady Hayden sold 30,400 shares of the firm’s stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $2.56, for a total transaction of $77,824.00. Following the completion of the transaction, the chief financial officer directly owned 71,267 shares in the company, valued at approximately $182,443.52. The trade was a 29.90% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 31.10% of the stock is currently owned by company insiders.

Institutional Trading of CuriosityStream

Institutional investors and hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. boosted its position in shares of CuriosityStream by 16.1% in the 3rd quarter. Vanguard Group Inc. now owns 1,978,190 shares of the company’s stock worth $10,484,000 after purchasing an additional 274,233 shares during the last quarter. Renaissance Technologies LLC grew its position in shares of CuriosityStream by 30.1% during the 1st quarter. Renaissance Technologies LLC now owns 1,768,800 shares of the company’s stock worth $5,236,000 after buying an additional 408,900 shares during the period. Geode Capital Management LLC grew its position in shares of CuriosityStream by 15.5% during the 4th quarter. Geode Capital Management LLC now owns 865,056 shares of the company’s stock worth $3,288,000 after buying an additional 116,005 shares during the period. State Street Corp increased its stake in shares of CuriosityStream by 8.0% in the 4th quarter. State Street Corp now owns 714,082 shares of the company’s stock valued at $2,714,000 after acquiring an additional 52,923 shares during the last quarter. Finally, Millennium Management LLC increased its stake in shares of CuriosityStream by 234.5% in the 4th quarter. Millennium Management LLC now owns 688,041 shares of the company’s stock valued at $2,615,000 after acquiring an additional 482,360 shares during the last quarter. Institutional investors 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.