CuriosityStream (NASDAQ:CURI) CEO Buys $258,261.44 in Stock

CuriosityStream Inc. (NASDAQ:CURI) CEO Clinton Larry Stinchcomb bought 94,256 shares of the company’s stock in a transaction that occurred on Wednesday, May 27th. The stock was acquired 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 directly owned 2,945,516 shares in the company, valued at approximately $8,070,713.84. This represents a 3.31% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

CuriosityStream Price Performance

CURI stock opened at $2.86 on Monday. CuriosityStream Inc. has a 52-week low of $2.30 and a 52-week high of $7.15. The company’s 50 day simple moving average is $3.06 and its 200-day simple moving average is $3.54. The firm has a market capitalization of $168.65 million, a P/E ratio of -22.00 and a beta of 1.76.

CuriosityStream (NASDAQ:CURI) last released 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). CuriosityStream had a negative net margin of 11.26% and a negative return on equity of 18.46%. The business had revenue of $15.16 million for the quarter, compared to analyst estimates of $16.79 million. Sell-side analysts predict that CuriosityStream Inc. will post 0.08 EPS for the current fiscal year.

CuriosityStream Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 19th. Stockholders of record on Friday, June 5th will be issued a dividend of $0.085 per share. This is an increase from CuriosityStream’s previous quarterly dividend of $0.08. This represents a $0.34 dividend on an annualized basis and a dividend yield of 11.9%. The ex-dividend date is Friday, June 5th. CuriosityStream’s dividend payout ratio (DPR) is presently -246.15%.

Analyst Ratings Changes

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

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in CURI. State of Alaska Department of Revenue acquired a new position in CuriosityStream in the 4th quarter valued at approximately $35,000. Mangrove Partners IM LLC acquired a new position in CuriosityStream in the 4th quarter valued at approximately $42,000. Quarry LP acquired a new position in CuriosityStream in the 3rd quarter valued at approximately $45,000. Schonfeld Strategic Advisors LLC increased its stake 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 buying an additional 3,115 shares during the period. Finally, Diversify Wealth Management LLC acquired a new position in CuriosityStream in the 1st quarter valued at approximately $53,000. Institutional investors and hedge funds own 6.79% of the company’s stock.

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.