CuriosityStream (NASDAQ:CURI) Issues Earnings Results, Beats Expectations By $0.05 EPS

CuriosityStream (NASDAQ:CURI) announced its quarterly earnings results on Wednesday. The company reported $0.08 earnings per share for the quarter, beating the consensus estimate of $0.03 by $0.05, Zacks reports. CuriosityStream had a net margin of 0.03% and a return on equity of 0.06%.

CuriosityStream Trading Down 1.7%

Shares of CURI stock traded down $0.04 during trading hours on Wednesday, reaching $2.37. The company’s stock had a trading volume of 1,280,756 shares, compared to its average volume of 646,749. The stock has a market capitalization of $140.64 million, a P/E ratio of 237.00 and a beta of 1.81. CuriosityStream has a one year low of $2.30 and a one year high of $5.10. The firm’s fifty day simple moving average is $2.77 and its 200 day simple moving average is $2.94.

Insider Activity at CuriosityStream

In other CuriosityStream news, CEO Clinton Stinchcomb bought 30,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 27th. The stock was bought at an average price of $2.55 per share, for a total transaction of $76,500.00. Following the completion of the acquisition, the chief executive officer directly owned 3,001,260 shares in the company, valued at $7,653,213. The trade was a 1.01% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. 31.10% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

CURI has been the topic of a number of analyst reports. Wall Street Zen upgraded shares of CuriosityStream from a “hold” rating to a “buy” rating in a research report on Saturday, August 15th. Zacks Research downgraded shares of CuriosityStream from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 19th. Finally, Weiss Ratings upgraded shares of CuriosityStream from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, November 2nd. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $5.00.

CuriosityStream Company Profile

CuriosityStream Inc. is a media and entertainment company that operates a subscription streaming service focused on factual and nonfiction programming. Its content covers subjects such as science, technology, history, nature, space, engineering and society, with documentaries, series and other educational video programs available through digital platforms. The company distributes its programming through its own streaming service and through third-party distribution and technology partners. CuriosityStream has served viewers internationally, offering content through online and connected-TV platforms in multiple markets and making programming available in several languages through subtitles or dubbing.