Insider Selling: CuriosityStream Inc. (NASDAQ:CURI) Director Sells $236,444.00 in Stock

CuriosityStream Inc. (NASDAQ:CURI) Director John S. Hendricks sold 45,470 shares of the company’s stock in a transaction dated Tuesday, June 10th. The shares were sold at an average price of $5.20, for a total transaction of $236,444.00. Following the transaction, the director now owns 20,720,585 shares in the company, valued at $107,747,042. This represents a 0.22% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

CuriosityStream Price Performance

CURI opened at $4.59 on Friday. CuriosityStream Inc. has a fifty-two week low of $0.99 and a fifty-two week high of $7.15. The firm has a market capitalization of $264.50 million, a PE ratio of -16.39 and a beta of 1.79. The company’s 50-day moving average is $4.62 and its 200 day moving average is $3.05.

CuriosityStream (NASDAQ:CURI) last posted its earnings results on Tuesday, May 6th. The company reported $0.01 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.02. CuriosityStream had a negative net margin of 28.56% and a negative return on equity of 22.18%. The company had revenue of $15.09 million for the quarter, compared to analyst estimates of $14.95 million. As a group, analysts expect that CuriosityStream Inc. will post -0.2 EPS for the current year.

CuriosityStream Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 20th. Investors of record on Friday, June 6th will be issued a $0.08 dividend. The ex-dividend date of this dividend is Friday, June 6th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 6.97%. CuriosityStream’s dividend payout ratio is presently -228.57%.

Institutional Investors Weigh In On CuriosityStream

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Manatuck Hill Partners LLC raised its holdings in shares of CuriosityStream by 14.4% in the 4th quarter. Manatuck Hill Partners LLC now owns 550,000 shares of the company’s stock worth $842,000 after acquiring an additional 69,100 shares during the last quarter. Renaissance Technologies LLC grew its position in CuriosityStream by 9.7% in the 4th quarter. Renaissance Technologies LLC now owns 470,900 shares of the company’s stock worth $720,000 after purchasing an additional 41,454 shares in the last quarter. Geode Capital Management LLC grew its position in CuriosityStream by 2.4% in the 4th quarter. Geode Capital Management LLC now owns 330,615 shares of the company’s stock worth $506,000 after purchasing an additional 7,669 shares in the last quarter. Informed Momentum Co LLC bought a new stake in CuriosityStream in the 1st quarter worth about $788,000. Finally, Penn Mutual Asset Management bought a new stake in CuriosityStream in the 1st quarter worth about $657,000. Institutional investors and hedge funds own 6.79% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on CURI shares. Barrington Research upgraded shares of CuriosityStream from a “market perform” rating to an “outperform” rating and set a $6.00 price objective on the stock in a report on Wednesday, May 7th. Needham & Company LLC upped their price objective on shares of CuriosityStream from $2.95 to $4.80 and gave the company a “buy” rating in a report on Wednesday, May 7th.

About CuriosityStream

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.