Insider Buying: CuriosityStream (NASDAQ:CURI) CEO Buys 94,256 Shares of Stock

CuriosityStream Inc. (NASDAQ:CURI) CEO Clinton Larry Stinchcomb purchased 94,256 shares of CuriosityStream stock in a transaction on Wednesday, May 27th. The stock was bought at an average price of $2.74 per share, for a total transaction of $258,261.44. Following the completion of the acquisition, the chief executive officer owned 2,945,516 shares in the company, valued at $8,070,713.84. The trade was a 3.31% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

CuriosityStream Stock Up 4.7%

NASDAQ CURI traded up $0.13 on Friday, reaching $2.87. The company had a trading volume of 615,042 shares, compared to its average volume of 475,327. The stock has a market capitalization of $169.24 million, a PE ratio of -22.08 and a beta of 1.82. The firm’s 50 day moving average price is $3.07 and its 200 day moving average price is $3.55. CuriosityStream Inc. has a 12 month low of $2.30 and a 12 month high of $7.15.

CuriosityStream (NASDAQ:CURI) last announced its quarterly earnings results on Thursday, May 14th. The company reported ($0.02) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.02). The company had revenue of $15.16 million for the quarter, compared to the consensus estimate of $16.79 million. CuriosityStream had a negative net margin of 11.26% and a negative return on equity of 18.46%. On average, research analysts expect that CuriosityStream Inc. will post 0.08 EPS for the current year.

CuriosityStream Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 19th. Stockholders of record on Friday, June 5th will be issued a $0.085 dividend. This is a boost from CuriosityStream’s previous quarterly dividend of $0.08. The ex-dividend date is Friday, June 5th. This represents a $0.34 dividend on an annualized basis and a dividend yield of 11.8%. CuriosityStream’s payout ratio is presently -246.15%.

Analysts Set New Price Targets

A number of research firms have recently weighed in on CURI. Barrington Research reduced their target price on shares of CuriosityStream from $5.50 to $5.00 and set an “outperform” rating on the stock in a report on Friday, May 15th. Weiss Ratings upgraded shares of CuriosityStream from a “sell (d+)” rating to a “hold (c-)” rating in a report on Friday, March 13th. Finally, Zacks Research upgraded shares of CuriosityStream from a “strong sell” rating to a “hold” rating in a report on Tuesday, February 10th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $6.00.

Hedge Funds Weigh In On CuriosityStream

Large investors have recently made changes to their positions in the company. Essex Investment Management Co. LLC purchased a new position in shares of CuriosityStream during the 3rd quarter worth about $3,298,000. Legato Capital Management LLC purchased a new stake in CuriosityStream in the 3rd quarter valued at about $953,000. State of Wyoming purchased a new stake in CuriosityStream in the 3rd quarter valued at about $331,000. State of Alaska Department of Revenue purchased a new stake in CuriosityStream in the 4th quarter valued at about $35,000. Finally, Diversify Advisory Services LLC purchased a new stake in CuriosityStream in the 4th quarter valued at about $76,000. 6.79% of the stock is owned by hedge funds and other institutional investors.

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.