Brokerages Set CuriosityStream Inc. (NASDAQ:CURI) Target Price at $6.17

Shares of CuriosityStream Inc. (NASDAQ:CURI) have earned a consensus recommendation of “Moderate Buy” from the six analysts that are presently covering the firm, MarketBeat reports. Two research analysts have rated the stock with a hold recommendation, three have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $6.1667.

A number of brokerages have weighed in on CURI. Weiss Ratings upgraded CuriosityStream from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday, March 13th. Barrington Research cut their target price on shares of CuriosityStream from $6.00 to $5.50 and set an “outperform” rating on the stock in a report on Thursday, March 12th. Finally, Zacks Research upgraded shares of CuriosityStream from a “strong sell” rating to a “hold” rating in a research report on Tuesday, February 10th.

CuriosityStream Stock Performance

Shares of CURI stock opened at $2.96 on Friday. The stock’s 50-day moving average is $3.32 and its two-hundred day moving average is $4.03. CuriosityStream has a 1 year low of $2.30 and a 1 year high of $7.15. The firm has a market cap of $174.55 million, a price-to-earnings ratio of -29.60 and a beta of 1.85.

CuriosityStream (NASDAQ:CURI) last posted its earnings results on Wednesday, March 11th. The company reported ($0.06) earnings per share for the quarter, missing the consensus estimate of ($0.04) by ($0.02). The firm had revenue of $19.20 million during the quarter, compared to analysts’ expectations of $18.91 million. CuriosityStream had a negative net margin of 8.97% and a negative return on equity of 13.07%. As a group, research analysts predict that CuriosityStream will post -0.2 EPS for the current year.

CuriosityStream Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 20th. Shareholders of record on Friday, March 6th were paid a $0.08 dividend. The ex-dividend date was Friday, March 6th. This represents a $0.32 dividend on an annualized basis and a yield of 10.8%. CuriosityStream’s payout ratio is currently -320.00%.

Insider Activity at CuriosityStream

In other news, CFO Phillip Brady Hayden sold 17,474 shares of the company’s stock in a transaction dated Friday, January 2nd. The shares were sold at an average price of $3.76, for a total value of $65,702.24. Following the completion of the sale, the chief financial officer directly owned 101,667 shares of the company’s stock, valued at approximately $382,267.92. This represents a 14.67% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 52.00% of the company’s stock.

Institutional Trading of CuriosityStream

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Virtu Financial LLC acquired a new stake in CuriosityStream during the 4th quarter worth approximately $71,000. Invesco Ltd. raised its stake in shares of CuriosityStream by 31.9% during the fourth quarter. Invesco Ltd. now owns 27,799 shares of the company’s stock worth $106,000 after purchasing an additional 6,728 shares during the last quarter. NewEdge Advisors LLC raised its stake in shares of CuriosityStream by 310.6% during the fourth quarter. NewEdge Advisors LLC now owns 64,367 shares of the company’s stock worth $245,000 after purchasing an additional 48,690 shares during the last quarter. XTX Topco Ltd lifted its holdings in shares of CuriosityStream by 75.7% during the fourth quarter. XTX Topco Ltd now owns 69,911 shares of the company’s stock worth $266,000 after purchasing an additional 30,127 shares during the period. Finally, Millennium Management LLC lifted its holdings in shares of CuriosityStream by 234.5% during the fourth quarter. Millennium Management LLC now owns 688,041 shares of the company’s stock worth $2,615,000 after purchasing an additional 482,360 shares during the period. 6.79% of the stock is 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.