Insider Selling: CuriosityStream (NASDAQ:CURI) Director Sells $85,209.30 in Stock

CuriosityStream Inc. (NASDAQ:CURI) Director Patrick Keeley sold 31,559 shares of the stock in a transaction on Friday, June 12th. The shares were sold at an average price of $2.70, for a total value of $85,209.30. Following the completion of the sale, the director directly owned 188,450 shares of the company’s stock, valued at $508,815. The trade was a 14.34% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

CuriosityStream Trading Up 1.6%

CURI stock opened at $2.53 on Friday. The stock’s fifty day simple moving average is $2.99 and its two-hundred day simple moving average is $3.38. CuriosityStream Inc. has a 1-year low of $2.30 and a 1-year high of $5.88. The stock has a market cap of $149.19 million, a P/E ratio of -19.46 and a beta of 1.75.

CuriosityStream (NASDAQ:CURI) last announced its quarterly earnings data on Thursday, May 14th. The company reported ($0.02) earnings per share for the quarter, meeting the consensus estimate of ($0.02). The business had revenue of $15.16 million during the quarter, compared to analyst estimates of $16.79 million. CuriosityStream had a negative return on equity of 18.46% and a negative net margin of 11.26%. As a group, analysts forecast that CuriosityStream Inc. will post 0.07 earnings per share for the current fiscal year.

CuriosityStream Increases Dividend

The firm also recently announced 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. The ex-dividend date is Friday, June 5th. This represents a $0.34 dividend on an annualized basis and a yield of 13.4%. This is an increase from CuriosityStream’s previous quarterly dividend of $0.08. CuriosityStream’s dividend payout ratio is currently -261.54%.

Analysts Set New Price Targets

Several brokerages have issued reports on CURI. Singular Research raised CuriosityStream to a “strong-buy” rating in a research note on Monday, June 1st. Barrington Research reduced their price objective on CuriosityStream from $5.50 to $5.00 and set an “outperform” rating on the stock in a research report on Friday, May 15th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of CuriosityStream in a report on Tuesday, June 9th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $6.00.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. State of Alaska Department of Revenue purchased a new stake in shares of CuriosityStream in the 4th quarter worth about $35,000. Mangrove Partners IM LLC bought a new position in CuriosityStream in the fourth quarter worth about $42,000. Quarry LP bought a new position in CuriosityStream in the third quarter worth about $45,000. Schonfeld Strategic Advisors LLC lifted its holdings in CuriosityStream by 30.8% in the fourth quarter. Schonfeld Strategic Advisors LLC now owns 13,235 shares of the company’s stock worth $50,000 after buying an additional 3,115 shares during the period. Finally, Diversify Wealth Management LLC purchased a new stake in CuriosityStream in the first quarter worth about $53,000. Institutional investors own 6.79% of the company’s stock.

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.