CuriosityStream (NASDAQ:CURI) CFO Sells $77,824.00 in Stock

CuriosityStream Inc. (NASDAQ:CURI) CFO Phillip Brady Hayden sold 30,400 shares of the stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $2.56, for a total value of $77,824.00. Following the completion of the sale, the chief financial officer owned 71,267 shares of the company’s stock, valued at approximately $182,443.52. This trade represents a 29.90% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

CuriosityStream Price Performance

CuriosityStream stock traded up $0.01 during midday trading on Tuesday, reaching $2.56. The company’s stock had a trading volume of 322,713 shares, compared to its average volume of 478,258. The stock’s 50-day simple moving average is $3.02 and its 200-day simple moving average is $3.42. CuriosityStream Inc. has a 52-week low of $2.30 and a 52-week high of $5.88. The stock has a market capitalization of $150.96 million, a P/E ratio of -19.69 and a beta of 1.76.

CuriosityStream (NASDAQ:CURI) last released its quarterly earnings results on Thursday, May 14th. The company reported ($0.02) EPS 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 company had revenue of $15.16 million during the quarter, compared to analysts’ expectations of $16.79 million. As a group, equities research analysts expect that CuriosityStream Inc. will post 0.07 earnings per share for the current fiscal year.

CuriosityStream Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 19th. Shareholders of record on Friday, June 5th will be paid a $0.085 dividend. This represents a $0.34 dividend on an annualized basis and a yield of 13.3%. This is a boost from CuriosityStream’s previous quarterly dividend of $0.08. The ex-dividend date is Friday, June 5th. CuriosityStream’s dividend payout ratio (DPR) is -261.54%.

Institutional Trading of CuriosityStream

Several hedge funds and other institutional investors have recently bought and sold shares of CURI. State of Alaska Department of Revenue acquired a new stake in CuriosityStream during the fourth quarter worth about $35,000. Mangrove Partners IM LLC acquired a new stake in CuriosityStream during the fourth quarter worth about $42,000. Quarry LP acquired a new stake in CuriosityStream during the third quarter worth about $45,000. Schonfeld Strategic Advisors LLC grew its holdings in CuriosityStream by 30.8% during the fourth quarter. Schonfeld Strategic Advisors LLC now owns 13,235 shares of the company’s stock worth $50,000 after acquiring an additional 3,115 shares during the period. Finally, Diversify Wealth Management LLC acquired a new stake in CuriosityStream during the first quarter worth about $53,000. 6.79% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on CURI. Weiss Ratings reissued a “hold (c-)” rating on shares of CuriosityStream in a report on Tuesday, June 9th. Barrington Research cut their price objective on CuriosityStream from $5.50 to $5.00 and set an “outperform” rating on the stock in a report on Friday, May 15th. Finally, Singular Research raised CuriosityStream to a “strong-buy” rating in a report on Monday, June 1st. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, CuriosityStream presently has an average rating of “Moderate Buy” and an average price target of $6.00.

CuriosityStream Company Profile

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.