Brokerages Set CuriosityStream Inc. (NASDAQ:CURI) PT at $6.17

Shares of CuriosityStream Inc. (NASDAQ:CURI) have earned a consensus rating of “Moderate Buy” from the six ratings firms that are presently covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold recommendation, three have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $6.1667.

Several research analysts have weighed in on CURI shares. Zacks Research upgraded shares of CuriosityStream from a “strong sell” rating to a “hold” rating in a research report on Tuesday, February 10th. Barrington Research reduced their price target on shares of CuriosityStream from $6.00 to $5.50 and set an “outperform” rating for the company in a research report on Thursday, March 12th. Finally, Weiss Ratings raised CuriosityStream from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday, March 13th.

Institutional Trading of CuriosityStream

A number of institutional investors have recently bought and sold shares of the company. Essex Investment Management Co. LLC acquired a new stake in CuriosityStream in the 3rd quarter valued at about $3,298,000. Millennium Management LLC raised its position in CuriosityStream by 234.5% during the fourth quarter. Millennium Management LLC now owns 688,041 shares of the company’s stock worth $2,615,000 after acquiring an additional 482,360 shares during the last quarter. Russell Investments Group Ltd. raised its position in CuriosityStream by 974.5% during the third quarter. Russell Investments Group Ltd. now owns 461,527 shares of the company’s stock worth $2,446,000 after acquiring an additional 418,576 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of CuriosityStream by 112.9% in the second quarter. Geode Capital Management LLC now owns 727,103 shares of the company’s stock valued at $4,094,000 after purchasing an additional 385,534 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its holdings in shares of CuriosityStream by 225.2% in the second quarter. Arrowstreet Capital Limited Partnership now owns 464,691 shares of the company’s stock valued at $2,616,000 after purchasing an additional 321,780 shares in the last quarter. 6.79% of the stock is currently owned by hedge funds and other institutional investors.

CuriosityStream Stock Performance

NASDAQ:CURI opened at $3.03 on Friday. CuriosityStream has a 1 year low of $2.30 and a 1 year high of $7.15. The stock has a fifty day moving average price of $3.29 and a two-hundred day moving average price of $4.01. The stock has a market capitalization of $178.68 million, a price-to-earnings ratio of -30.30 and a beta of 1.93.

CuriosityStream (NASDAQ:CURI) last issued its earnings results on Wednesday, March 11th. The company reported ($0.06) EPS for the quarter, missing the consensus estimate of ($0.04) by ($0.02). CuriosityStream had a negative return on equity of 13.07% and a negative net margin of 8.97%.The company had revenue of $19.20 million for the quarter, compared to analysts’ expectations of $18.91 million. On average, analysts predict that CuriosityStream will post -0.2 EPS for the current year.

CuriosityStream Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 20th. Investors of record on Friday, March 6th were issued a dividend of $0.08 per share. The ex-dividend date of this dividend was Friday, March 6th. This represents a $0.32 annualized dividend and a yield of 10.6%. CuriosityStream’s payout ratio is currently -320.00%.

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.