Insider Buying: CuriosityStream (NASDAQ:CURI) CEO Buys $52,000.00 in Stock

CuriosityStream Inc. (NASDAQ:CURI) CEO Clinton Stinchcomb acquired 20,000 shares of the company’s stock in a transaction that occurred on Friday, August 28th. The shares were acquired at an average price of $2.60 per share, with a total value of $52,000.00. Following the acquisition, the chief executive officer owned 3,021,260 shares in the company, valued at $7,855,276. This trade represents a 0.67% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Clinton Larry Stinchcomb also recently made the following trade(s):

• On Thursday, August 27th, Clinton Stinchcomb acquired 30,000 shares of CuriosityStream stock. The stock was acquired at an average cost of $2.55 per share, for a total transaction of $76,500.00.

CuriosityStream Stock Down 0.7%

CURI stock opened at $2.90 on Friday. The business’s fifty day simple moving average is $2.72 and its two-hundred day simple moving average is $2.93. CuriosityStream Inc. has a twelve month low of $2.30 and a twelve month high of $5.51. The firm has a market cap of $172.09 million, a price-to-earnings ratio of 290.00 and a beta of 1.76.

CuriosityStream (NASDAQ:CURI) last issued its earnings results on Wednesday, August 12th. The company reported $0.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.04 by $0.11. The firm had revenue of $23.25 million during the quarter, compared to analyst estimates of $21.32 million. CuriosityStream had a net margin of 0.03% and a return on equity of 0.06%. Research analysts expect that CuriosityStream Inc. will post 0.2 EPS for the current year.

CuriosityStream Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 18th. Investors of record on Friday, September 4th will be issued a dividend of $0.085 per share. The ex-dividend date is Friday, September 4th. This represents a $0.34 dividend on an annualized basis and a yield of 11.7%. CuriosityStream’s dividend payout ratio (DPR) is presently 3,400.00%.

Institutional Trading of CuriosityStream

Hedge funds have recently added to or reduced their stakes in the business. Quarry LP bought a new position in CuriosityStream during the 3rd quarter worth about $45,000. Public Employees Retirement System of Ohio bought a new stake in shares of CuriosityStream in the 2nd quarter valued at about $25,000. Schonfeld Strategic Advisors LLC purchased a new stake in shares of CuriosityStream in the 3rd quarter worth approximately $54,000. Mangrove Partners IM LLC purchased a new stake in shares of CuriosityStream in the 4th quarter worth approximately $42,000. Finally, The Manufacturers Life Insurance Company bought a new position in shares of CuriosityStream during the second quarter valued at approximately $64,000. 6.79% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have commented on CURI shares. Zacks Research upgraded shares of CuriosityStream from a “hold” rating to a “strong-buy” rating in a research note on Thursday, August 13th. Weiss Ratings raised shares of CuriosityStream from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, August 14th. Singular Research upgraded CuriosityStream to a “strong-buy” rating in a report on Monday, June 1st. Barrington Research dropped their price objective 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, Wall Street Zen upgraded CuriosityStream from a “hold” rating to a “buy” rating in a report on Saturday, August 15th. Two analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $5.50.

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.