CuriosityStream (NASDAQ:CURI) Posts Earnings Results, Misses Estimates By $0.04 EPS

CuriosityStream (NASDAQ:CURI) released its quarterly earnings data on Wednesday. The company reported ($0.06) earnings per share for the quarter, missing the consensus estimate of ($0.02) by ($0.04), FiscalAI reports. CuriosityStream had a negative net margin of 7.84% and a negative return on equity of 8.37%. The firm had revenue of $18.36 million during the quarter, compared to the consensus estimate of $16.35 million.

CuriosityStream Price Performance

CURI traded up $0.01 on Wednesday, reaching $3.76. 1,248,658 shares of the stock were exchanged, compared to its average volume of 580,596. The company’s 50-day moving average price is $4.68 and its 200 day moving average price is $4.82. The firm has a market capitalization of $217.82 million, a PE ratio of -41.77 and a beta of 1.80. CuriosityStream has a fifty-two week low of $1.47 and a fifty-two week high of $7.15.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on CURI shares. Wall Street Zen raised shares of CuriosityStream from a “hold” rating to a “buy” rating in a research report on Saturday. Barrington Research set a $6.00 target price on CuriosityStream in a report on Tuesday, October 28th. Singular Research upgraded CuriosityStream to a “strong-buy” rating in a report on Wednesday, August 20th. Craig Hallum started coverage on CuriosityStream in a research note on Monday, August 18th. They set a “buy” rating and a $7.00 price objective for the company. Finally, Needham & Company LLC lifted their target price on CuriosityStream from $5.50 to $6.00 and gave the company a “buy” rating in a research note on Thursday, September 25th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, CuriosityStream presently has a consensus rating of “Buy” and an average target price of $6.33.

Insider Buying and Selling at CuriosityStream

In related news, Director Jonathan Huberman sold 50,000 shares of CuriosityStream stock in a transaction that occurred on Friday, September 12th. The stock was sold at an average price of $4.75, for a total transaction of $237,500.00. Following the completion of the transaction, the director directly owned 1,233,576 shares in the company, valued at approximately $5,859,486. This trade represents a 3.90% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Phillip Brady Hayden sold 16,149 shares of the stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $4.56, for a total transaction of $73,639.44. Following the sale, the chief financial officer directly owned 38,325 shares in the company, valued at $174,762. This trade represents a 29.65% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 8,328,727 shares of company stock worth $29,438,661 over the last ninety days. Insiders own 52.00% of the company’s stock.

Institutional Investors Weigh In On CuriosityStream

Institutional investors have recently added to or reduced their stakes in the stock. The Manufacturers Life Insurance Company acquired a new position in CuriosityStream during the second quarter worth $64,000. JPMorgan Chase & Co. lifted its stake in CuriosityStream by 23,600.0% in the 2nd quarter. JPMorgan Chase & Co. now owns 15,168 shares of the company’s stock valued at $85,000 after buying an additional 15,104 shares in the last quarter. XTX Topco Ltd acquired a new stake in CuriosityStream in the 2nd quarter worth about $93,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in CuriosityStream in the 2nd quarter worth about $98,000. Finally, New York State Common Retirement Fund purchased a new stake in CuriosityStream during the 2nd quarter worth approximately $104,000. Institutional investors and hedge funds own 6.79% of the company’s stock.

CuriosityStream Company Profile

CuriosityStream Inc operates as a factual content streaming service and media company. The company provides premium video and audio programming services in various categories of factual entertainment, including science, history, society, nature, lifestyle, and technology through direct subscription video on-demand (SVoD) platforms accessible by internet connected devices, or indirectly via distribution partners who deliver CuriosityStream content via distributor's platform or system, as well as through bundled content licenses for SVoD and linear offerings, talks and courses, and partner bulk sales.