CuriosityStream Inc. (NASDAQ:CURI) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of CuriosityStream Inc. (NASDAQ:CURI) have earned an average recommendation of “Moderate Buy” from the six brokerages that are currently covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell rating, three have assigned a buy rating and one has issued a strong buy rating on the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $6.3333.

Several brokerages recently issued reports on CURI. Barrington Research reissued an “outperform” rating and set a $6.00 price objective on shares of CuriosityStream in a report on Thursday, November 13th. Weiss Ratings reiterated a “sell (d+)” rating on shares of CuriosityStream in a report on Monday, December 29th. Wall Street Zen raised CuriosityStream from a “hold” rating to a “buy” rating in a research report on Saturday, November 8th. Zacks Research downgraded CuriosityStream from a “hold” rating to a “strong sell” rating in a research report on Monday, January 12th. Finally, Needham & Company LLC boosted their target price on shares of CuriosityStream from $5.50 to $6.00 and gave the stock a “buy” rating in a report on Thursday, September 25th.

Insider Activity

In other CuriosityStream news, CFO Phillip Brady Hayden sold 17,474 shares of the firm’s stock in a transaction that occurred on 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 in the company, valued at $382,267.92. This trade represents a 14.67% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Theresa Ellen Cudahy sold 10,200 shares of CuriosityStream stock in a transaction on Thursday, November 20th. The stock was sold at an average price of $4.98, for a total transaction of $50,796.00. Following the completion of the transaction, the chief operating officer directly owned 514,648 shares in the company, valued at $2,562,947.04. This represents a 1.94% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 377,729 shares of company stock worth $1,767,506. 52.00% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Cubist Systematic Strategies LLC raised its stake in CuriosityStream by 101.7% in the first quarter. Cubist Systematic Strategies LLC now owns 54,712 shares of the company’s stock valued at $147,000 after buying an additional 27,582 shares during the last quarter. Goldman Sachs Group Inc. increased its holdings in shares of CuriosityStream by 657.3% during the first quarter. Goldman Sachs Group Inc. now owns 125,743 shares of the company’s stock valued at $337,000 after acquiring an additional 109,138 shares in the last quarter. Jane Street Group LLC purchased a new position in shares of CuriosityStream in the 1st quarter valued at approximately $486,000. Acadian Asset Management LLC boosted its stake in CuriosityStream by 121.8% in the 1st quarter. Acadian Asset Management LLC now owns 198,278 shares of the company’s stock worth $529,000 after purchasing an additional 108,891 shares in the last quarter. Finally, Wealth Effects LLC acquired a new stake in CuriosityStream in the 2nd quarter worth approximately $102,000. 6.79% of the stock is currently owned by hedge funds and other institutional investors.

CuriosityStream Price Performance

NASDAQ:CURI opened at $3.70 on Friday. CuriosityStream has a 1-year low of $1.95 and a 1-year high of $7.15. The company has a 50-day moving average of $4.16 and a 200 day moving average of $4.45. The firm has a market cap of $215.71 million, a PE ratio of -41.11 and a beta of 1.78.

CuriosityStream (NASDAQ:CURI) last posted its earnings results on Wednesday, November 12th. The company reported ($0.06) EPS for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.04). CuriosityStream had a negative net margin of 8.19% and a negative return on equity of 10.24%. The business had revenue of $18.36 million for the quarter, compared to analysts’ expectations of $16.35 million. Sell-side analysts anticipate that CuriosityStream will post -0.2 EPS for the current fiscal year.

CuriosityStream Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 19th. Investors of record on Friday, December 5th were paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 8.6%. The ex-dividend date was Friday, December 5th. CuriosityStream’s payout ratio is -355.56%.

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.