CuriosityStream (NASDAQ:CURI) Issues Quarterly Earnings Results, Beats Estimates By $0.11 EPS

CuriosityStream (NASDAQ:CURI) announced its quarterly earnings data on Wednesday. The company reported $0.15 EPS for the quarter, topping analysts’ consensus estimates of $0.04 by $0.11, Zacks reports. CuriosityStream had a negative return on equity of 18.46% and a negative net margin of 11.26%.The firm had revenue of $23.25 million during the quarter, compared to analyst estimates of $21.32 million.

CuriosityStream Price Performance

CuriosityStream stock remained flat at $2.80 during mid-day trading on Wednesday. The company had a trading volume of 1,460,634 shares, compared to its average volume of 441,417. The company has a fifty day moving average price of $2.63 and a 200 day moving average price of $3.00. The firm has a market capitalization of $165.13 million, a price-to-earnings ratio of -21.54 and a beta of 1.77. CuriosityStream has a twelve month low of $2.30 and a twelve month high of $5.51.

CuriosityStream Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 19th. Investors of record on Friday, June 5th were given a $0.085 dividend. The ex-dividend date was Friday, June 5th. This represents a $0.34 dividend on an annualized basis and a dividend yield of 12.1%. 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

A number of equities research analysts recently weighed in on CURI shares. Singular Research raised shares of CuriosityStream to a “strong-buy” rating in a research note on Monday, June 1st. Barrington Research reduced their price objective on shares of 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 reissued a “hold (c-)” rating on shares of CuriosityStream in a research note on Tuesday, June 9th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, CuriosityStream currently has an average rating of “Moderate Buy” and an average price target of $6.00.

Insiders Place Their Bets

In other CuriosityStream news, Director Patrick J. Keeley sold 31,559 shares of the stock in a transaction dated Friday, June 12th. The stock was 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 in the company, valued at $508,815. This represents a 14.34% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Clinton Larry Stinchcomb purchased 94,256 shares of the company’s stock in a transaction dated 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 transaction, 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 SEC filing for this purchase provides additional information. Corporate insiders own 31.10% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Millennium Management LLC increased its holdings in CuriosityStream by 234.5% during the 4th quarter. Millennium Management LLC now owns 688,041 shares of the company’s stock worth $2,615,000 after purchasing an additional 482,360 shares in the last quarter. Russell Investments Group Ltd. lifted its holdings in shares of CuriosityStream by 974.5% in the third quarter. Russell Investments Group Ltd. now owns 461,527 shares of the company’s stock valued at $2,446,000 after purchasing an additional 418,576 shares in the last quarter. Geode Capital Management LLC boosted 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 worth $4,094,000 after buying an additional 385,534 shares during the period. Arrowstreet Capital Limited Partnership boosted its position in shares of CuriosityStream by 225.2% during the second quarter. Arrowstreet Capital Limited Partnership now owns 464,691 shares of the company’s stock worth $2,616,000 after buying an additional 321,780 shares during the period. Finally, Renaissance Technologies LLC grew its holdings in shares of CuriosityStream by 31.0% during the fourth quarter. Renaissance Technologies LLC now owns 1,359,900 shares of the company’s stock worth $5,168,000 after buying an additional 321,700 shares in the last quarter. Institutional investors and hedge funds 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.