MYDA Advisors LLC Cuts Stock Holdings in CuriosityStream Inc. $CURI

MYDA Advisors LLC trimmed its position in shares of CuriosityStream Inc. (NASDAQ:CURI) by 69.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 275,000 shares of the company’s stock after selling 630,000 shares during the quarter. MYDA Advisors LLC owned 0.47% of CuriosityStream worth $1,045,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in CURI. Cubist Systematic Strategies LLC raised its stake in shares of CuriosityStream by 101.7% during the 1st quarter. Cubist Systematic Strategies LLC now owns 54,712 shares of the company’s stock worth $147,000 after purchasing an additional 27,582 shares during the period. Goldman Sachs Group Inc. raised its stake in shares of CuriosityStream by 657.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 125,743 shares of the company’s stock worth $337,000 after purchasing an additional 109,138 shares during the period. Jane Street Group LLC bought a new stake in shares of CuriosityStream during the 1st quarter worth $486,000. Acadian Asset Management LLC raised its stake in shares of CuriosityStream by 121.8% during the 1st quarter. Acadian Asset Management LLC now owns 198,278 shares of the company’s stock worth $529,000 after purchasing an additional 108,891 shares during the period. Finally, Geode Capital Management LLC raised its stake in shares of CuriosityStream by 112.9% during the 2nd quarter. Geode Capital Management LLC now owns 727,103 shares of the company’s stock worth $4,094,000 after purchasing an additional 385,534 shares during the period. 6.79% of the stock is currently owned by institutional investors.

Insider Transactions at CuriosityStream

In other news, CEO Clinton Larry Stinchcomb acquired 94,256 shares of the stock in a transaction that occurred on Wednesday, May 27th. The shares were acquired at an average cost of $2.74 per share, for a total transaction of $258,261.44. Following the purchase, the chief executive officer owned 2,945,516 shares of the company’s stock, valued at approximately $8,070,713.84. The trade was a 3.31% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 31.10% of the company’s stock.

Analyst Ratings Changes

CURI has been the topic of a number of recent analyst reports. Singular Research upgraded CuriosityStream to a “strong-buy” rating in a research note on Monday, June 1st. Barrington Research lowered their target price on CuriosityStream from $5.50 to $5.00 and set an “outperform” rating on the stock in a research note on Friday, May 15th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of CuriosityStream in a research note on Tuesday, June 9th. 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 company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $6.00.

CuriosityStream Stock Performance

Shares of CuriosityStream stock opened at $2.54 on Monday. CuriosityStream Inc. has a 52-week low of $2.30 and a 52-week high of $5.88. The stock’s 50-day simple moving average is $3.03 and its 200 day simple moving average is $3.44. The stock has a market capitalization of $149.78 million, a P/E ratio of -19.54 and a beta of 1.76.

CuriosityStream (NASDAQ:CURI) last announced its quarterly earnings data on Thursday, May 14th. The company reported ($0.02) earnings per share (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 business had revenue of $15.16 million for the quarter, compared to analysts’ expectations of $16.79 million. Equities research analysts forecast that CuriosityStream Inc. will post 0.07 EPS for the current fiscal year.

CuriosityStream Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 19th. Investors 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 (DPR) is presently -261.54%.

About CuriosityStream

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.