CuriosityStream Inc. (NASDAQ:CURI) Given Average Rating of “Moderate Buy” by Brokerages

Shares of CuriosityStream Inc. (NASDAQ:CURI) have earned a consensus recommendation of “Moderate Buy” from the six research firms that are covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, one has given a hold recommendation, three have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $6.3333.

A number of research firms have recently commented on CURI. Weiss Ratings reissued a “sell (d+)” rating on shares of CuriosityStream in a report on Monday, December 29th. Zacks Research raised CuriosityStream from a “strong sell” rating to a “hold” rating in a research note on Tuesday, February 10th. Wall Street Zen raised shares of CuriosityStream from a “hold” rating to a “buy” rating in a report on Saturday, November 8th. Finally, Barrington Research restated an “outperform” rating and issued a $6.00 price target on shares of CuriosityStream in a research note on Thursday, November 13th.

CuriosityStream Price Performance

NASDAQ CURI opened at $3.38 on Monday. The business has a fifty day moving average price of $3.54 and a two-hundred day moving average price of $4.21. The stock has a market capitalization of $197.05 million, a PE ratio of -37.55 and a beta of 1.85. CuriosityStream has a fifty-two week low of $2.06 and a fifty-two week high of $7.15.

CuriosityStream Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 20th. Shareholders of record on Friday, March 6th will be given a $0.08 dividend. The ex-dividend date is Friday, March 6th. This represents a $0.32 dividend on an annualized basis and a yield of 9.5%. CuriosityStream’s dividend payout ratio (DPR) is currently -355.56%.

Insider Buying and Selling at CuriosityStream

In other news, CFO Phillip Brady Hayden sold 17,474 shares of the company’s stock in a transaction on Friday, January 2nd. The shares were sold at an average price of $3.76, for a total transaction of $65,702.24. Following the completion of the transaction, the chief financial officer directly owned 101,667 shares in the company, valued at approximately $382,267.92. This represents a 14.67% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 52.00% of the company’s stock.

Institutional Investors Weigh In On CuriosityStream

Several hedge funds have recently modified their holdings of the company. Essex Investment Management Co. LLC acquired a new position in CuriosityStream in the 3rd quarter worth about $3,298,000. Millennium Management LLC raised its holdings in CuriosityStream by 234.5% in the 4th quarter. Millennium Management LLC now owns 688,041 shares of the company’s stock valued at $2,615,000 after buying an additional 482,360 shares during the last quarter. Russell Investments Group Ltd. boosted its position in CuriosityStream by 974.5% during the 3rd quarter. Russell Investments Group Ltd. now owns 461,527 shares of the company’s stock worth $2,446,000 after buying an additional 418,576 shares during the period. Geode Capital Management LLC grew its holdings in CuriosityStream by 112.9% during the 2nd quarter. Geode Capital Management LLC now owns 727,103 shares of the company’s stock worth $4,094,000 after acquiring an additional 385,534 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its holdings in CuriosityStream by 225.2% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 464,691 shares of the company’s stock worth $2,616,000 after acquiring an additional 321,780 shares during the last quarter. Institutional investors and hedge funds own 6.79% of the company’s stock.

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.