MYDA Advisors LLC Sells 630,000 Shares of CuriosityStream Inc. $CURI

MYDA Advisors LLC cut its stake in shares of CuriosityStream Inc. (NASDAQ:CURI) by 69.6% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 275,000 shares of the company’s stock after selling 630,000 shares during the period. MYDA Advisors LLC’s holdings in CuriosityStream were worth $1,045,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of CURI. Cubist Systematic Strategies LLC increased its position in shares of CuriosityStream by 101.7% during the first quarter. Cubist Systematic Strategies LLC now owns 54,712 shares of the company’s stock valued at $147,000 after buying an additional 27,582 shares during the period. Goldman Sachs Group Inc. increased its position in shares of CuriosityStream by 657.3% during the first quarter. Goldman Sachs Group Inc. now owns 125,743 shares of the company’s stock valued at $337,000 after buying an additional 109,138 shares during the period. Jane Street Group LLC bought a new stake in shares of CuriosityStream during the first quarter valued at about $486,000. Acadian Asset Management LLC increased its position in shares of CuriosityStream by 121.8% during the first quarter. Acadian Asset Management LLC now owns 198,278 shares of the company’s stock valued at $529,000 after buying an additional 108,891 shares during the period. Finally, Geode Capital Management LLC increased its position in shares of CuriosityStream by 112.9% during the second quarter. Geode Capital Management LLC now owns 727,103 shares of the company’s stock valued at $4,094,000 after buying an additional 385,534 shares during the period. 6.79% of the stock is currently owned by institutional investors.

Insider Activity at CuriosityStream

In other CuriosityStream news, CEO Clinton Larry Stinchcomb acquired 94,256 shares of the business’s stock in a transaction dated Wednesday, May 27th. The stock was bought at an average price of $2.74 per share, with a total value of $258,261.44. Following the completion of the acquisition, the chief executive officer owned 2,945,516 shares of the company’s stock, valued at $8,070,713.84. This trade represents a 3.31% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 31.10% of the company’s stock.

CuriosityStream Stock Performance

Shares of NASDAQ CURI opened at $2.54 on Monday. CuriosityStream Inc. has a 12 month low of $2.30 and a 12 month high of $5.88. The firm has a market capitalization of $149.78 million, a price-to-earnings ratio of -19.54 and a beta of 1.76. The business has a 50-day moving average of $3.03 and a 200-day moving average of $3.44.

CuriosityStream (NASDAQ:CURI) last issued its quarterly earnings data on Thursday, May 14th. The company reported ($0.02) EPS for the quarter, hitting the consensus estimate 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 analyst estimates of $16.79 million. On average, analysts predict that CuriosityStream Inc. will post 0.07 earnings per share for the current year.

CuriosityStream Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 19th. Stockholders of record on Friday, June 5th will be issued a dividend of $0.085 per share. The ex-dividend date of this dividend is Friday, June 5th. This is a positive change from CuriosityStream’s previous quarterly dividend of $0.08. This represents a $0.34 annualized dividend and a dividend yield of 13.4%. CuriosityStream’s payout ratio is presently -261.54%.

Analyst Upgrades and Downgrades

CURI has been the topic of several analyst reports. Barrington Research decreased their price target on CuriosityStream from $5.50 to $5.00 and set an “outperform” rating on the stock in a research report on Friday, May 15th. Weiss Ratings reiterated a “hold (c-)” rating on shares of CuriosityStream in a research report on Tuesday, June 9th. Finally, Singular Research upgraded CuriosityStream to a “strong-buy” rating in a research report on Monday, June 1st. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, CuriosityStream has an average rating of “Moderate Buy” and an average target price of $6.00.

CuriosityStream 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.