CuriosityStream (NASDAQ:CURI) Upgraded by Zacks Research to “Hold” Rating

Zacks Research upgraded shares of CuriosityStream (NASDAQ:CURI) from a strong sell rating to a hold rating in a research note released on Tuesday morning,Zacks.com reports.

Several other equities analysts also recently weighed in on CURI. Barrington Research reiterated an “outperform” rating and set a $6.00 target price on shares of CuriosityStream in a research report on Thursday, November 13th. Weiss Ratings reiterated a “sell (d+)” rating on shares of CuriosityStream in a research note on Monday, December 29th. Finally, Wall Street Zen raised CuriosityStream from a “hold” rating to a “buy” rating in a report on Saturday, November 8th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, CuriosityStream has an average rating of “Moderate Buy” and an average target price of $6.33.

CuriosityStream Trading Down 4.2%

Shares of CURI opened at $3.18 on Tuesday. CuriosityStream has a 1-year low of $2.06 and a 1-year high of $7.15. The firm has a market capitalization of $185.39 million, a price-to-earnings ratio of -35.33 and a beta of 1.84. The firm’s 50-day moving average price is $3.84 and its 200-day moving average price is $4.32.

CuriosityStream (NASDAQ:CURI) last issued its quarterly earnings results on Wednesday, November 12th. The company reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.04). CuriosityStream had a negative return on equity of 10.24% and a negative net margin of 8.19%.The business had revenue of $18.36 million during the quarter, compared to the consensus estimate of $16.35 million. On average, research analysts forecast that CuriosityStream will post -0.2 EPS for the current fiscal year.

CuriosityStream Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 20th. Stockholders of record on Friday, March 6th will be issued a dividend of $0.08 per share. The ex-dividend date is Friday, March 6th. This represents a $0.32 annualized dividend and a dividend yield of 10.1%. CuriosityStream’s dividend payout ratio is -355.56%.

Insider Buying and Selling at CuriosityStream

In other CuriosityStream news, CFO Phillip Brady Hayden sold 17,474 shares of CuriosityStream stock in a transaction 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 transaction, the chief financial officer owned 101,667 shares of the company’s stock, valued at approximately $382,267.92. The trade was a 14.67% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Clinton Larry Stinchcomb sold 141,206 shares of the company’s stock in a transaction that occurred on Monday, November 24th. The stock was sold at an average price of $4.65, for a total value of $656,607.90. Following the transaction, the chief executive officer directly owned 2,517,998 shares of the company’s stock, valued at approximately $11,708,690.70. The trade was a 5.31% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 362,885 shares of company stock valued at $1,693,397. 52.00% of the stock is owned by corporate insiders.

Institutional Trading of CuriosityStream

A number of hedge funds and other institutional investors have recently modified their holdings of CURI. Vanguard Group Inc. raised its holdings in CuriosityStream by 16.1% in the 3rd quarter. Vanguard Group Inc. now owns 1,978,190 shares of the company’s stock valued at $10,484,000 after buying an additional 274,233 shares during the period. Geode Capital Management LLC increased its stake in CuriosityStream by 15.5% during the fourth quarter. Geode Capital Management LLC now owns 865,056 shares of the company’s stock worth $3,288,000 after purchasing an additional 116,005 shares during the period. Essex Investment Management Co. LLC acquired a new stake in shares of CuriosityStream during the third quarter worth about $3,298,000. Goldman Sachs Group Inc. boosted its stake in shares of CuriosityStream by 45.6% in the fourth quarter. Goldman Sachs Group Inc. now owns 560,184 shares of the company’s stock valued at $2,129,000 after purchasing an additional 175,500 shares during the period. Finally, UBS Group AG lifted its holdings in CuriosityStream by 143.3% during the 3rd quarter. UBS Group AG now owns 506,170 shares of the company’s stock worth $2,683,000 after buying an additional 298,129 shares in the last quarter. 6.79% of the stock is owned by institutional investors and hedge funds.

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.