CuriosityStream Inc. (NASDAQ:CURI) Receives Consensus Rating of “Buy” from Brokerages

CuriosityStream Inc. (NASDAQ:CURI) has received a consensus recommendation of “Buy” from the five research firms that are presently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold rating, two have issued a buy rating and two have issued a strong buy rating on the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $5.50.

A number of equities analysts have recently issued reports on CURI shares. Weiss Ratings upgraded CuriosityStream from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, August 14th. Barrington Research reduced their target price on CuriosityStream from $5.50 to $5.00 and set an “outperform” rating on the stock in a report on Friday, May 15th. Singular Research raised shares of CuriosityStream to a “strong-buy” rating in a research report on Monday, June 1st. Zacks Research upgraded shares of CuriosityStream from a “hold” rating to a “strong-buy” rating in a report on Thursday, August 13th. Finally, Wall Street Zen upgraded shares of CuriosityStream from a “hold” rating to a “buy” rating in a research report on Saturday, August 15th.

CuriosityStream Price Performance

CuriosityStream stock opened at $2.61 on Monday. The business has a 50 day moving average of $2.70 and a 200-day moving average of $2.94. The company has a market capitalization of $154.88 million, a P/E ratio of 261.00 and a beta of 1.77. CuriosityStream has a 1 year low of $2.30 and a 1 year high of $5.51.

CuriosityStream (NASDAQ:CURI) last posted its earnings results on Wednesday, August 12th. The company reported $0.15 EPS for the quarter, topping the consensus estimate of $0.04 by $0.11. The business had revenue of $23.25 million for the quarter, compared to the consensus estimate of $21.32 million. CuriosityStream had a net margin of 0.03% and a return on equity of 0.06%. Equities analysts anticipate that CuriosityStream will post 0.2 EPS for the current year.

CuriosityStream Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, September 18th. Investors of record on Friday, September 4th will be paid a dividend of $0.085 per share. This represents a $0.34 dividend on an annualized basis and a yield of 13.0%. The ex-dividend date of this dividend is Friday, September 4th. CuriosityStream’s dividend payout ratio (DPR) is currently 3,400.00%.

Insiders Place Their Bets

In other CuriosityStream news, CFO Phillip Brady Hayden sold 30,400 shares of the company’s stock in a transaction on Friday, June 12th. The shares were sold at an average price of $2.56, for a total transaction of $77,824.00. Following the sale, the chief financial officer owned 71,267 shares of the company’s stock, valued at approximately $182,443.52. This represents a 29.90% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, 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 sale, the director owned 188,450 shares of the company’s stock, valued at approximately $508,815. The trade was a 14.34% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 31.10% of the stock is owned by company insiders.

Institutional Investors Weigh In On CuriosityStream

Institutional investors and hedge funds have recently made changes to their positions in the business. Renaissance Technologies LLC grew its holdings in CuriosityStream by 30.1% in the first quarter. Renaissance Technologies LLC now owns 1,768,800 shares of the company’s stock worth $5,236,000 after purchasing an additional 408,900 shares during the period. Penbrook Management LLC raised its holdings in shares of CuriosityStream by 94.4% during the first quarter. Penbrook Management LLC now owns 675,150 shares of the company’s stock valued at $1,998,000 after purchasing an additional 327,850 shares during the period. Sei Investments Co. raised its holdings in shares of CuriosityStream by 139.1% during the first quarter. Sei Investments Co. now owns 232,371 shares of the company’s stock valued at $688,000 after purchasing an additional 135,173 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of CuriosityStream by 117.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 233,340 shares of the company’s stock worth $690,000 after purchasing an additional 125,794 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its position in shares of CuriosityStream by 6.0% during the 1st quarter. Bank of New York Mellon Corp now owns 446,617 shares of the company’s stock worth $1,322,000 after purchasing an additional 25,366 shares in the last quarter. Institutional investors own 6.79% of the company’s stock.

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.