John S. Hendricks Sells 80,000 Shares of CuriosityStream Inc. (NASDAQ:CURI) Stock

CuriosityStream Inc. (NASDAQ:CURI) Director John S. Hendricks sold 80,000 shares of the stock in a transaction on Friday, June 13th. The stock was sold at an average price of $4.62, for a total transaction of $369,600.00. Following the transaction, the director now directly owns 20,365,585 shares in the company, valued at $94,089,002.70. The trade was a 0.39% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

CuriosityStream Trading Up 0.2%

NASDAQ CURI opened at $4.81 on Thursday. CuriosityStream Inc. has a 1 year low of $0.99 and a 1 year high of $7.15. The company has a fifty day simple moving average of $4.75 and a 200 day simple moving average of $3.11. The company has a market cap of $277.20 million, a P/E ratio of -34.36 and a beta of 1.79.

CuriosityStream (NASDAQ:CURI) last released its earnings results on Tuesday, May 6th. The company reported $0.01 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.02. The firm had revenue of $15.09 million during the quarter, compared to analyst estimates of $14.95 million. CuriosityStream had a negative net margin of 13.99% and a negative return on equity of 12.49%. Equities research analysts forecast that CuriosityStream Inc. will post -0.2 EPS for the current fiscal year.

CuriosityStream Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 20th. Investors of record on Friday, June 6th will be paid a dividend of $0.08 per share. The ex-dividend date is Friday, June 6th. This represents a $0.32 annualized dividend and a yield of 6.65%. CuriosityStream’s payout ratio is -228.57%.

Institutional Trading of CuriosityStream

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Geode Capital Management LLC lifted its holdings in shares of CuriosityStream by 2.4% during the fourth quarter. Geode Capital Management LLC now owns 330,615 shares of the company’s stock worth $506,000 after buying an additional 7,669 shares during the last quarter. Delta Financial Group Inc. grew its stake in shares of CuriosityStream by 17.7% in the fourth quarter. Delta Financial Group Inc. now owns 67,587 shares of the company’s stock worth $103,000 after acquiring an additional 10,182 shares during the last quarter. Merit Financial Group LLC bought a new position in CuriosityStream during the first quarter worth $29,000. Cubist Systematic Strategies LLC increased its position in CuriosityStream by 65.3% during the fourth quarter. Cubist Systematic Strategies LLC now owns 27,130 shares of the company’s stock worth $42,000 after acquiring an additional 10,722 shares during the period. Finally, Algert Global LLC bought a new stake in CuriosityStream in the 1st quarter valued at $39,000. Institutional investors and hedge funds own 6.79% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on CURI. Needham & Company LLC upped their price target on CuriosityStream from $2.95 to $4.80 and gave the stock a “buy” rating in a research note on Wednesday, May 7th. Barrington Research upgraded CuriosityStream from a “market perform” rating to an “outperform” rating and set a $6.00 target price for the company in a report on Wednesday, May 7th.

About CuriosityStream

CuriosityStream Inc operates as a factual content streaming service and media company. The company provides premium video and audio programming services in various categories of factual entertainment, including science, history, society, nature, lifestyle, and technology through direct subscription video on-demand (SVoD) platforms accessible by internet connected devices, or indirectly via distribution partners who deliver CuriosityStream content via distributor's platform or system, as well as through bundled content licenses for SVoD and linear offerings, talks and courses, and partner bulk sales.