CuriosityStream (NASDAQ:CURI) Issues Quarterly Earnings Results

CuriosityStream (NASDAQ:CURI) issued its quarterly earnings results on Wednesday. The company reported $0.15 earnings per share for the quarter, beating the consensus estimate of $0.04 by $0.11, Zacks reports. CuriosityStream had a negative net margin of 11.26% and a negative return on equity of 18.46%.

CuriosityStream Stock Performance

CURI stock remained flat at $2.80 on Wednesday. The company had a trading volume of 424,400 shares, compared to its average volume of 440,818. The stock’s 50-day simple moving average is $2.63 and its 200 day simple moving average is $3.00. CuriosityStream has a 1 year low of $2.30 and a 1 year high of $5.51. The firm has a market capitalization of $165.13 million, a PE ratio of -21.54 and a beta of 1.77.

CuriosityStream Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 19th. Stockholders of record on Friday, June 5th were given a $0.085 dividend. This represents a $0.34 dividend on an annualized basis and a dividend yield of 12.1%. The ex-dividend date of this dividend was Friday, June 5th. This is an increase from CuriosityStream’s previous quarterly dividend of $0.08. CuriosityStream’s payout ratio is presently -261.54%.

Insider Activity at CuriosityStream

In other news, Director Patrick J. Keeley sold 31,559 shares of the stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $2.70, for a total value of $85,209.30. Following the transaction, the director directly owned 188,450 shares of the company’s stock, valued at approximately $508,815. This represents a 14.34% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Phillip Brady Hayden sold 30,400 shares of the stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $2.56, for a total transaction of $77,824.00. Following the completion of the transaction, the chief financial officer owned 71,267 shares in the company, valued at approximately $182,443.52. This trade represents a 29.90% decrease in their position. The SEC filing for this sale provides additional information. 31.10% of the stock is currently owned by insiders.

Institutional Investors Weigh In On CuriosityStream

Hedge funds have recently modified their holdings of the business. Schonfeld Strategic Advisors LLC raised its holdings in CuriosityStream by 30.8% in the 4th quarter. Schonfeld Strategic Advisors LLC now owns 13,235 shares of the company’s stock valued at $50,000 after acquiring an additional 3,115 shares during the last quarter. MetLife Investment Management LLC boosted its holdings in shares of CuriosityStream by 17.7% during the 4th quarter. MetLife Investment Management LLC now owns 24,630 shares of the company’s stock worth $94,000 after purchasing an additional 3,704 shares during the last quarter. Invesco Ltd. grew its position in shares of CuriosityStream by 31.9% in the fourth quarter. Invesco Ltd. now owns 27,799 shares of the company’s stock valued at $106,000 after purchasing an additional 6,728 shares in the last quarter. Bank of America Corp DE grew its position in shares of CuriosityStream by 36.6% in the third quarter. Bank of America Corp DE now owns 26,920 shares of the company’s stock valued at $143,000 after purchasing an additional 7,206 shares in the last quarter. Finally, Quarry LP acquired a new stake in shares of CuriosityStream in the third quarter valued at approximately $45,000. 6.79% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on CURI shares. Weiss Ratings restated a “hold (c-)” rating on shares of CuriosityStream in a research report on Tuesday, June 9th. Barrington Research dropped their price objective on shares of CuriosityStream from $5.50 to $5.00 and set an “outperform” rating for the company in a research note on Friday, May 15th. Finally, Singular Research upgraded shares of CuriosityStream to a “strong-buy” rating in a research report on Monday, June 1st. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, CuriosityStream has an average rating of “Moderate Buy” and an average price target of $6.00.

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.