Insider Selling: CuriosityStream (NASDAQ:CURI) CFO Sells 30,400 Shares of Stock

CuriosityStream Inc. (NASDAQ:CURI) CFO Phillip Brady Hayden sold 30,400 shares of the firm’s stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $2.56, for a total value of $77,824.00. Following the completion of the transaction, the chief financial officer directly owned 71,267 shares in the company, valued at $182,443.52. The trade was a 29.90% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

CuriosityStream Stock Up 0.4%

NASDAQ CURI traded up $0.01 during trading hours on Tuesday, reaching $2.56. The company’s stock had a trading volume of 322,713 shares, compared to its average volume of 478,258. The firm’s 50-day moving average price is $3.02 and its 200-day moving average price is $3.42. CuriosityStream Inc. has a 1 year low of $2.30 and a 1 year high of $5.88. The company has a market capitalization of $150.96 million, a price-to-earnings ratio of -19.69 and a beta of 1.76.

CuriosityStream (NASDAQ:CURI) last released its quarterly earnings data on Thursday, May 14th. The company reported ($0.02) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.02). The business had revenue of $15.16 million for the quarter, compared to the consensus estimate of $16.79 million. CuriosityStream had a negative return on equity of 18.46% and a negative net margin of 11.26%. Equities research analysts anticipate that CuriosityStream Inc. will post 0.07 EPS for the current fiscal year.

CuriosityStream Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 19th. Stockholders of record on Friday, June 5th will be given a dividend of $0.085 per share. This represents a $0.34 dividend on an annualized basis and a dividend yield of 13.3%. 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. CuriosityStream’s dividend payout ratio is currently -261.54%.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on CURI shares. Weiss Ratings reissued a “hold (c-)” rating on shares of CuriosityStream in a research report on Tuesday, June 9th. Barrington Research dropped 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. Finally, Singular Research raised CuriosityStream to a “strong-buy” rating in a research report on Monday, June 1st. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $6.00.

Institutional Investors Weigh In On CuriosityStream

Hedge funds have recently made changes to their positions in the stock. Quarry LP purchased a new stake in shares of CuriosityStream during the 3rd quarter worth $45,000. State of Alaska Department of Revenue purchased a new stake in shares of CuriosityStream during the 4th quarter worth $35,000. Schonfeld Strategic Advisors LLC purchased a new stake in shares of CuriosityStream during the 3rd quarter worth $54,000. Mangrove Partners IM LLC purchased a new stake in shares of CuriosityStream during the 4th quarter worth $42,000. Finally, The Manufacturers Life Insurance Company purchased a new stake in shares of CuriosityStream during the 2nd quarter worth $64,000. 6.79% of the stock is currently owned by hedge funds and other institutional investors.

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.