CuriosityStream (NASDAQ:CURI) CEO Clinton Larry Stinchcomb Buys 30,000 Shares of Stock

CuriosityStream Inc. (NASDAQ:CURI) CEO Clinton Larry Stinchcomb bought 30,000 shares of the stock in a transaction dated Thursday, August 27th. The shares were acquired at an average price of $2.55 per share, for a total transaction of $76,500.00. Following the completion of the transaction, the chief executive officer owned 3,001,260 shares of the company’s stock, valued at approximately $7,653,213. The trade was a 1.01% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

CuriosityStream Trading Up 0.4%

Shares of CuriosityStream stock traded up $0.01 during trading on Monday, reaching $2.62. The company’s stock had a trading volume of 1,474,960 shares, compared to its average volume of 662,637. The company has a 50-day moving average price of $2.70 and a two-hundred day moving average price of $2.94. CuriosityStream Inc. has a fifty-two week low of $2.30 and a fifty-two week high of $5.51. The firm has a market cap of $155.47 million, a PE ratio of 262.00 and a beta of 1.77.

CuriosityStream (NASDAQ:CURI) last issued its quarterly earnings results on Wednesday, August 12th. The company reported $0.15 earnings per share for the quarter, topping analysts’ consensus estimates of $0.04 by $0.11. CuriosityStream had a net margin of 0.03% and a return on equity of 0.06%. The firm had revenue of $23.25 million during the quarter, compared to analysts’ expectations of $21.32 million. On average, analysts predict that CuriosityStream Inc. will post 0.2 earnings per share for the current fiscal year.

CuriosityStream Announces Dividend

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 dividend of $0.085 per share. The ex-dividend date is Friday, September 4th. This represents a $0.34 annualized dividend and a dividend yield of 13.0%. CuriosityStream’s dividend payout ratio is 3,400.00%.

Analysts Set New Price Targets

CURI has been the topic of a number of research reports. Weiss Ratings raised CuriosityStream from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, August 14th. Barrington Research decreased their price objective on CuriosityStream from $5.50 to $5.00 and set an “outperform” rating for the company in a research report on Friday, May 15th. Wall Street Zen upgraded CuriosityStream from a “hold” rating to a “buy” rating in a research note on Saturday, August 15th. Zacks Research raised CuriosityStream from a “hold” rating to a “strong-buy” rating in a report on Thursday, August 13th. Finally, Singular Research upgraded CuriosityStream to a “strong-buy” rating in a research note on Monday, June 1st. Two analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $5.50.

Institutional Trading of CuriosityStream

Institutional investors have recently modified their holdings of the business. Quarry LP purchased a new position in CuriosityStream in the third quarter worth $45,000. Public Employees Retirement System of Ohio purchased a new stake in shares of CuriosityStream during the 2nd quarter worth $25,000. Schonfeld Strategic Advisors LLC purchased a new stake in shares of CuriosityStream during the 3rd quarter worth $54,000. Mangrove Partners IM LLC acquired a new position in shares of CuriosityStream during the 4th quarter worth $42,000. Finally, The Manufacturers Life Insurance Company acquired a new position in shares of CuriosityStream during the 2nd quarter worth $64,000. 6.79% of the stock is currently owned by hedge funds and other institutional investors.

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.