CuriosityStream Inc. (NASDAQ:CURI) Given Average Recommendation of “Moderate Buy” by Brokerages

CuriosityStream Inc. (NASDAQ:CURI) has been assigned an average recommendation of “Moderate Buy” from the six brokerages that are presently covering the company, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, one has given a hold recommendation, three have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $6.3333.

Several analysts recently weighed in on the company. Wall Street Zen raised CuriosityStream from a “hold” rating to a “buy” rating in a report on Saturday, November 8th. Barrington Research reissued an “outperform” rating and set a $6.00 target price on shares of CuriosityStream in a report on Thursday, November 13th. Zacks Research raised shares of CuriosityStream from a “strong sell” rating to a “hold” rating in a research report on Tuesday, February 10th. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of CuriosityStream in a research note on Monday, December 29th.

CuriosityStream Stock Down 0.3%

Shares of CURI stock opened at $3.38 on Monday. CuriosityStream has a 12-month low of $2.06 and a 12-month high of $7.15. The company has a market capitalization of $197.05 million, a PE ratio of -37.55 and a beta of 1.85. The firm has a 50 day moving average price of $3.54 and a two-hundred day moving average price of $4.21.

CuriosityStream Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 20th. Stockholders of record on Friday, March 6th will be issued a dividend of $0.08 per share. The ex-dividend date of this dividend is Friday, March 6th. This represents a $0.32 annualized dividend and a dividend yield of 9.5%. CuriosityStream’s dividend payout ratio (DPR) is currently -355.56%.

Insider Activity at CuriosityStream

In other news, CFO Phillip Brady Hayden sold 17,474 shares of CuriosityStream stock in a transaction that occurred on Friday, January 2nd. The shares were sold at an average price of $3.76, for a total value of $65,702.24. Following the completion of the sale, the chief financial officer directly owned 101,667 shares in the company, valued at approximately $382,267.92. The trade was a 14.67% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 52.00% of the company’s stock.

Hedge Funds Weigh In On CuriosityStream

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its position in shares of CuriosityStream by 16.1% in the third 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 period. Renaissance Technologies LLC grew its stake in CuriosityStream by 31.0% during the fourth quarter. Renaissance Technologies LLC now owns 1,359,900 shares of the company’s stock worth $5,168,000 after buying an additional 321,700 shares in the last quarter. Geode Capital Management LLC increased its holdings in CuriosityStream by 15.5% in the 4th quarter. Geode Capital Management LLC now owns 865,056 shares of the company’s stock valued at $3,288,000 after buying an additional 116,005 shares during the period. State Street Corp increased its holdings in 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 buying an additional 52,923 shares during the period. Finally, Millennium Management LLC raised its position 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 buying an additional 482,360 shares in the last quarter. 6.79% of the stock is owned by institutional investors and hedge funds.

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.