CuriosityStream Inc. (NASDAQ:CURI) Receives Average Rating of “Moderate Buy” from Brokerages

CuriosityStream Inc. (NASDAQ:CURI) has received a consensus recommendation of “Moderate Buy” from the six research firms that are presently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, one has given a hold recommendation, three have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $6.3333.

CURI has been the subject of several research reports. Wall Street Zen raised CuriosityStream from a “hold” rating to a “buy” rating in a report on Saturday, November 8th. Weiss Ratings reissued a “sell (d+)” rating on shares of CuriosityStream in a research report on Monday, December 29th. Zacks Research upgraded shares of CuriosityStream from a “strong sell” rating to a “hold” rating in a research note on Thursday, December 11th. Barrington Research reiterated an “outperform” rating and issued a $6.00 price objective on shares of CuriosityStream in a research note on Thursday, November 13th. Finally, Needham & Company LLC boosted their price objective on shares of CuriosityStream from $5.50 to $6.00 and gave the company a “buy” rating in a report on Thursday, September 25th.

Insider Buying and Selling

In other CuriosityStream news, Director Jonathan Huberman sold 14,116 shares of the stock in a transaction dated Thursday, November 20th. The shares were sold at an average price of $5.00, for a total transaction of $70,580.00. Following the sale, the director directly owned 1,210,169 shares in the company, valued at $6,050,845. This represents a 1.15% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Phillip Brady Hayden sold 17,474 shares of the stock in a transaction that occurred on Friday, January 2nd. The stock was sold at an average price of $3.76, for a total transaction of $65,702.24. Following the sale, the chief financial officer owned 101,667 shares in the company, valued at $382,267.92. This represents a 14.67% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 377,729 shares of company stock valued at $1,767,506 over the last 90 days. 52.00% of the stock is currently owned by insiders.

Hedge Funds Weigh In On CuriosityStream

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Police & Firemen s Retirement System of New Jersey acquired a new position in CuriosityStream during the 2nd quarter worth about $41,000. Quarry LP bought a new position in shares of CuriosityStream during the third quarter worth about $45,000. Schonfeld Strategic Advisors LLC acquired a new position in shares of CuriosityStream in the third quarter worth approximately $54,000. Diversified Trust Co bought a new stake in CuriosityStream in the third quarter valued at approximately $56,000. Finally, The Manufacturers Life Insurance Company acquired a new stake in CuriosityStream during the 2nd quarter valued at approximately $64,000. Institutional investors own 6.79% of the company’s stock.

CuriosityStream Stock Performance

Shares of CURI stock opened at $3.54 on Friday. CuriosityStream has a 52 week low of $1.53 and a 52 week high of $7.15. The company has a market capitalization of $206.38 million, a price-to-earnings ratio of -39.33 and a beta of 1.78. The company has a 50-day simple moving average of $4.20 and a 200 day simple moving average of $4.51.

CuriosityStream (NASDAQ:CURI) last issued its quarterly earnings data on Wednesday, November 12th. The company reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.04). CuriosityStream had a negative return on equity of 10.24% and a negative net margin of 8.19%.The company had revenue of $18.36 million for the quarter, compared to analyst estimates of $16.35 million. Sell-side analysts forecast that CuriosityStream will post -0.2 EPS for the current year.

CuriosityStream Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 19th. Investors of record on Friday, December 5th were given a dividend of $0.08 per share. The ex-dividend date of this dividend was Friday, December 5th. This represents a $0.32 dividend on an annualized basis and a yield of 9.0%. CuriosityStream’s dividend payout ratio is currently -355.56%.

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.