CuriosityStream (NASDAQ:CURI) Issues Quarterly Earnings Results, Beats Estimates By $0.11 EPS

CuriosityStream (NASDAQ:CURI – Get Free Report) issued its earnings results on Wednesday. The company reported $0.15 earnings per share for the quarter, beating analysts’ consensus estimates of $0.04 by $0.11, Zacks reports. The firm had revenue of $23.25 million for the quarter, compared to analyst estimates of $21.32 million. CuriosityStream had a negative net margin of 11.26% and a negative return on equity of 18.46%.

CuriosityStream Price Performance

Shares of NASDAQ:CURI remained flat at $2.80 during mid-day trading on Wednesday. 1,878,098 shares of the stock were exchanged, compared to its average volume of 441,417. The firm has a market cap of $165.13 million, a price-to-earnings ratio of -21.54 and a beta of 1.77. The firm’s fifty day simple moving average is $2.63 and its two-hundred day simple moving average is $3.00. CuriosityStream has a 52 week low of $2.30 and a 52 week high of $5.51.

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CuriosityStream Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 19th. Stockholders of record on Friday, June 5th were paid a dividend of $0.085 per share. The ex-dividend date of this dividend was Friday, June 5th. This is an increase from CuriosityStream’s previous quarterly dividend of $0.08. This represents a $0.34 annualized dividend and a dividend yield of 12.1%. CuriosityStream’s payout ratio is -261.54%.

Insider Buying and Selling

In related news, CEO Clinton Larry Stinchcomb acquired 94,256 shares of the stock in a transaction dated Wednesday, May 27th. The stock was bought at an average cost of $2.74 per share, for a total transaction of $258,261.44. Following the completion of the transaction, the chief executive officer directly owned 2,945,516 shares of the company’s stock, valued at $8,070,713.84. The trade was a 3.31% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Patrick J. Keeley sold 31,559 shares of CuriosityStream stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $2.70, for a total value of $85,209.30. Following the completion of the transaction, the director directly owned 188,450 shares in the company, valued at approximately $508,815. This represents a 14.34% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 31.10% of the stock is owned by corporate insiders.

Institutional Trading of CuriosityStream

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CURI. Mangrove Partners IM LLC acquired a new position in shares of CuriosityStream in the 4th quarter worth approximately $42,000. Quarry LP acquired a new stake in shares of CuriosityStream during the third quarter worth $45,000. Schonfeld Strategic Advisors LLC raised its stake in CuriosityStream by 30.8% during the fourth quarter. Schonfeld Strategic Advisors LLC now owns 13,235 shares of the company’s stock worth $50,000 after buying an additional 3,115 shares during the last quarter. The Manufacturers Life Insurance Company acquired a new position in CuriosityStream in the second quarter valued at $64,000. Finally, Sherbrooke Park Advisers LLC acquired a new position in CuriosityStream in the third quarter valued at $67,000. Institutional investors and hedge funds own 6.79% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on CURI shares. Weiss Ratings reiterated a “hold (c-)” rating on shares of CuriosityStream in a research note on Tuesday, June 9th. Barrington Research reduced their price objective on CuriosityStream from $5.50 to $5.00 and set an “outperform” rating on the stock in a research report on Friday, May 15th. Finally, Singular Research raised CuriosityStream to a “strong-buy” rating in a report on Monday, June 1st. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $6.00.

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CuriosityStream Company Profile

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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.

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