CuriosityStream (NASDAQ:CURI) Shares Down 4.8% – Should You Sell?

CuriosityStream Inc. (NASDAQ:CURI)’s share price fell 4.8% during trading on Friday. The stock traded as low as $2.77 and last traded at $2.80. 509,525 shares traded hands during trading, a decline of 9% from the average session volume of 558,190 shares. The stock had previously closed at $2.94.

Analysts Set New Price Targets

CURI has been the subject of several research analyst reports. Zacks Research raised shares of CuriosityStream from a “hold” rating to a “strong-buy” rating in a research report on Thursday, August 13th. Weiss Ratings downgraded shares of CuriosityStream from a “hold (c)” rating to a “hold (c-)” rating in a research note on Thursday. Finally, Wall Street Zen raised shares of CuriosityStream from a “hold” rating to a “buy” rating in a report on Saturday, August 15th. Two investment analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, CuriosityStream presently has an average rating of “Buy” and a consensus target price of $5.00.

CuriosityStream Stock Down 4.8%

The business has a 50 day moving average price of $2.85 and a 200 day moving average price of $2.86. The stock has a market cap of $166.15 million, a P/E ratio of 280.00 and a beta of 1.71.

CuriosityStream (NASDAQ:CURI) last announced its quarterly earnings data on Wednesday, August 12th. The company reported $0.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.04 by $0.11. CuriosityStream had a return on equity of 0.06% and a net margin of 0.03%. The company had revenue of $23.25 million for the quarter, compared to analysts’ expectations of $21.32 million. On average, research analysts expect that CuriosityStream Inc. will post 0.20 earnings per share for the current fiscal year.

CuriosityStream Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 18th. Investors of record on Friday, September 4th were given a $0.0850 dividend. This represents a $0.34 annualized dividend and a dividend yield of 12.1%. The ex-dividend date of this dividend was Friday, September 4th. CuriosityStream’s dividend payout ratio is presently 3,400.00%.

Insider Transactions at CuriosityStream

In related news, CEO Clinton Stinchcomb acquired 30,000 shares of the firm’s stock in a transaction dated Thursday, August 27th. The stock was acquired at an average price of $2.55 per share, with a total value of $76,500.00. Following the acquisition, the chief executive officer directly owned 3,001,260 shares in the company, valued at $7,653,213. This represents a 1.01% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 31.10% of the stock is owned by corporate insiders.

Institutional Trading of CuriosityStream

Institutional investors have recently bought and sold shares of the business. Public Employees Retirement System of Ohio acquired a new stake in shares of CuriosityStream in the 2nd quarter valued at about $25,000. Evernest Financial Advisors LLC boosted its holdings in CuriosityStream by 6.4% during the fourth quarter. Evernest Financial Advisors LLC now owns 255,290 shares of the company’s stock worth $970,000 after buying an additional 15,262 shares in the last quarter. Diversify Wealth Management LLC purchased a new position in CuriosityStream in the 1st quarter valued at approximately $53,000. R Squared Ltd boosted its position in shares of CuriosityStream by 119.7% in the 1st quarter. R Squared Ltd now owns 44,485 shares of the company’s stock worth $132,000 after buying an additional 24,240 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its position in CuriosityStream by 6.0% during the first quarter. Bank of New York Mellon Corp now owns 446,617 shares of the company’s stock worth $1,322,000 after buying an additional 25,366 shares in the last quarter. 6.79% of the stock is owned by institutional investors and hedge funds.

About CuriosityStream

CuriosityStream Inc (NASDAQ:CURI) is a factual-media and streaming company focused on science, technology, history, nature and related educational content. Its flagship service, Curiosity Stream, offers on-demand documentaries, series and other nonfiction programming through its website, mobile applications, connected-TV platforms and distribution partners.

The company also develops and distributes educational and factual programming through digital products and branded content offerings.