Clinton Larry Stinchcomb Sells 252,486 Shares of CuriosityStream Inc. (NASDAQ:CURI) Stock

CuriosityStream Inc. (NASDAQ:CURI) CEO Clinton Larry Stinchcomb sold 252,486 shares of the stock in a transaction dated Friday, June 13th. The stock was sold at an average price of $4.68, for a total transaction of $1,181,634.48. Following the transaction, the chief executive officer now directly owns 2,085,827 shares of the company’s stock, valued at $9,761,670.36. This represents a 10.80% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Clinton Larry Stinchcomb also recently made the following trade(s):

• On Monday, June 16th, Clinton Larry Stinchcomb sold 80,000 shares of CuriosityStream stock. The shares were sold at an average price of $4.70, for a total transaction of $376,000.00.

CuriosityStream Stock Performance

Shares of CURI opened at $4.80 on Wednesday. CuriosityStream Inc. has a fifty-two week low of $0.99 and a fifty-two week high of $7.15. The company has a market capitalization of $276.62 million, a PE ratio of -34.29 and a beta of 1.79. The stock has a fifty day moving average of $4.71 and a two-hundred day moving average of $3.09.

CuriosityStream (NASDAQ:CURI) last released its earnings results on Tuesday, May 6th. The company reported $0.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.02. The firm had revenue of $15.09 million during the quarter, compared to the consensus estimate of $14.95 million. CuriosityStream had a negative net margin of 13.99% and a negative return on equity of 12.49%. As a group, equities research analysts forecast that CuriosityStream Inc. will post -0.2 earnings per share for the current fiscal year.

CuriosityStream Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 20th. Stockholders of record on Friday, June 6th will be given a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 6.67%. The ex-dividend date is Friday, June 6th. CuriosityStream’s payout ratio is currently -228.57%.

Institutional Trading of CuriosityStream

A number of institutional investors have recently added to or reduced their stakes in CURI. Merit Financial Group LLC acquired a new position in CuriosityStream in the first quarter worth $29,000. Algert Global LLC acquired a new stake in shares of CuriosityStream during the first quarter worth $39,000. Focus Partners Wealth bought a new position in shares of CuriosityStream in the 4th quarter worth about $28,000. Cubist Systematic Strategies LLC boosted its holdings in shares of CuriosityStream by 65.3% in the 4th quarter. Cubist Systematic Strategies LLC now owns 27,130 shares of the company’s stock valued at $42,000 after buying an additional 10,722 shares during the period. Finally, Delta Financial Group Inc. boosted its holdings in shares of CuriosityStream by 17.7% in the 4th quarter. Delta Financial Group Inc. now owns 67,587 shares of the company’s stock valued at $103,000 after buying an additional 10,182 shares during the period. 6.79% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the company. Barrington Research raised CuriosityStream from a “market perform” rating to an “outperform” rating and set a $6.00 price objective for the company in a research note on Wednesday, May 7th. Needham & Company LLC upped their target price on CuriosityStream from $2.95 to $4.80 and gave the company a “buy” rating in a report on Wednesday, May 7th.

CuriosityStream Company Profile

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.