John S. Hendricks Sells 71,720 Shares of CuriosityStream Inc. (NASDAQ:CURI) Stock

CuriosityStream Inc. (NASDAQ:CURI) Director John S. Hendricks sold 71,720 shares of the firm’s stock in a transaction on Thursday, June 5th. The shares were sold at an average price of $6.07, for a total transaction of $435,340.40. Following the completion of the transaction, the director now owns 20,791,055 shares in the company, valued at $126,201,703.85. The trade was a 0.34% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

CuriosityStream Trading Down 11.7%

Shares of CuriosityStream stock opened at $5.14 on Wednesday. CuriosityStream Inc. has a 1 year low of $0.99 and a 1 year high of $7.15. The company’s fifty day simple moving average is $4.46 and its 200-day simple moving average is $2.99. The company has a market cap of $296.20 million, a price-to-earnings ratio of -18.36 and a beta of 1.79.

CuriosityStream (NASDAQ:CURI) last issued its quarterly earnings results on Tuesday, May 6th. The company reported $0.01 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.02. CuriosityStream had a negative net margin of 28.56% and a negative return on equity of 22.18%. The firm had revenue of $15.09 million during the quarter, compared to the consensus estimate of $14.95 million. As a group, research analysts forecast that CuriosityStream Inc. will post -0.2 earnings per share for the current fiscal year.

CuriosityStream Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 20th. Investors of record on Friday, June 6th will be given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 6.23%. The ex-dividend date is Friday, June 6th. CuriosityStream’s dividend payout ratio (DPR) is presently -228.57%.

Hedge Funds Weigh In On CuriosityStream

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Informed Momentum Co LLC bought a new stake in shares of CuriosityStream in the 1st quarter worth approximately $788,000. Penn Mutual Asset Management acquired a new position in shares of CuriosityStream in the first quarter valued at $657,000. Jane Street Group LLC bought a new position in CuriosityStream in the first quarter worth $486,000. CW Advisors LLC acquired a new stake in CuriosityStream during the first quarter worth $377,000. Finally, Goldman Sachs Group Inc. increased its holdings in CuriosityStream by 657.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 125,743 shares of the company’s stock valued at $337,000 after buying an additional 109,138 shares during the period. 6.79% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on CURI shares. Needham & Company LLC upped their price target on shares of CuriosityStream from $2.95 to $4.80 and gave the company a “buy” rating in a report 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 research note 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.