Analysts Set CuriosityStream Inc. (NASDAQ:CURI) Target Price at $6.00

CuriosityStream Inc. (NASDAQ:CURI) has been given a consensus rating of “Moderate Buy” by the six brokerages that are presently covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating on the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $6.00.

CURI has been the subject of several recent research reports. Weiss Ratings restated a “hold (c-)” rating on shares of CuriosityStream in a report on Tuesday, June 9th. Singular Research upgraded shares of CuriosityStream to a “strong-buy” rating in a report on Monday, June 1st. Finally, Barrington Research cut 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.

Insider Activity at CuriosityStream

In other CuriosityStream news, Director Patrick J. Keeley sold 31,559 shares of the company’s stock in a transaction on Friday, June 12th. The stock was sold at an average price of $2.70, for a total transaction of $85,209.30. Following the completion of the sale, the director owned 188,450 shares in the company, valued at $508,815. This represents a 14.34% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Phillip Brady Hayden sold 30,400 shares of the stock in a transaction on Friday, June 12th. The shares were sold at an average price of $2.56, for a total value of $77,824.00. Following the sale, the chief financial officer directly owned 71,267 shares in the company, valued at $182,443.52. This trade represents a 29.90% decrease in their position. The SEC filing for this sale provides additional information. 31.10% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On CuriosityStream

A number of hedge funds have recently made changes to their positions in CURI. Quarry LP bought a new stake in CuriosityStream during the third quarter valued at about $45,000. State of Alaska Department of Revenue purchased a new stake in shares of CuriosityStream during the fourth quarter valued at about $35,000. Schonfeld Strategic Advisors LLC purchased a new stake in shares of CuriosityStream during the third quarter valued at about $54,000. Mangrove Partners IM LLC purchased a new stake in shares of CuriosityStream during the fourth quarter valued at about $42,000. Finally, The Manufacturers Life Insurance Company bought a new stake in shares of CuriosityStream in the 2nd quarter valued at about $64,000. 6.79% of the stock is currently owned by hedge funds and other institutional investors.

CuriosityStream Stock Down 0.4%

NASDAQ:CURI traded down $0.01 during midday trading on Friday, hitting $2.67. The stock had a trading volume of 241,989 shares, compared to its average volume of 363,568. The stock has a 50-day moving average of $2.77 and a 200 day moving average of $3.18. The company has a market capitalization of $157.45 million, a price-to-earnings ratio of -20.54 and a beta of 1.74. CuriosityStream has a one year low of $2.30 and a one year high of $5.51.

CuriosityStream (NASDAQ:CURI) last issued its earnings results on Thursday, May 14th. The company reported ($0.02) earnings per share for the quarter, meeting analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $16.79 million. On average, sell-side analysts anticipate that CuriosityStream will post 0.07 earnings per share for the current fiscal year.

CuriosityStream Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 19th. Stockholders of record on Friday, June 5th were paid a dividend of $0.085 per share. This is a boost from CuriosityStream’s previous quarterly dividend of $0.08. This represents a $0.34 dividend on an annualized basis and a dividend yield of 12.7%. The ex-dividend date was Friday, June 5th. CuriosityStream’s 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.