Phillip Brady Hayden Sells 30,400 Shares of CuriosityStream (NASDAQ:CURI) Stock

CuriosityStream Inc. (NASDAQ:CURI) CFO Phillip Brady Hayden sold 30,400 shares of the business’s stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $2.56, for a total value of $77,824.00. Following the completion of the sale, the chief financial officer owned 71,267 shares in the company, valued at $182,443.52. This represents a 29.90% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

CuriosityStream Price Performance

Shares of CURI stock opened at $2.49 on Thursday. CuriosityStream Inc. has a 1 year low of $2.30 and a 1 year high of $5.88. The stock’s 50 day simple moving average is $3.00 and its two-hundred day simple moving average is $3.39. The company has a market cap of $146.84 million, a PE ratio of -19.15 and a beta of 1.75.

CuriosityStream (NASDAQ:CURI) last issued its quarterly earnings data on Thursday, May 14th. The company reported ($0.02) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.02). CuriosityStream had a negative return on equity of 18.46% and a negative net margin of 11.26%.The business had revenue of $15.16 million for the quarter, compared to the consensus estimate of $16.79 million. Equities research analysts expect that CuriosityStream Inc. will post 0.07 EPS for the current year.

CuriosityStream Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 19th. Shareholders of record on Friday, June 5th will be given a dividend of $0.085 per share. This represents a $0.34 dividend on an annualized basis and a yield of 13.7%. This is a boost from CuriosityStream’s previous quarterly dividend of $0.08. The ex-dividend date is Friday, June 5th. CuriosityStream’s dividend payout ratio (DPR) is currently -261.54%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. Singular Research upgraded CuriosityStream to a “strong-buy” rating in a research report on Monday, June 1st. Barrington Research decreased 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, Weiss Ratings reiterated a “hold (c-)” rating on shares of CuriosityStream in a report on Tuesday, June 9th. One research 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 stock. Based on data from MarketBeat, CuriosityStream has an average rating of “Moderate Buy” and a consensus price target of $6.00.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of CURI. Cubist Systematic Strategies LLC increased its holdings in CuriosityStream by 101.7% during the 1st quarter. Cubist Systematic Strategies LLC now owns 54,712 shares of the company’s stock worth $147,000 after purchasing an additional 27,582 shares during the period. Goldman Sachs Group Inc. increased its holdings in CuriosityStream by 657.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 125,743 shares of the company’s stock worth $337,000 after purchasing an additional 109,138 shares during the period. Jane Street Group LLC purchased a new position in CuriosityStream during the 1st quarter worth $486,000. Acadian Asset Management LLC increased its holdings in CuriosityStream by 121.8% during 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 during the period. Finally, Geode Capital Management LLC increased 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 purchasing an additional 385,534 shares during the period. 6.79% of the stock is currently owned by hedge funds and other institutional investors.

CuriosityStream Company Profile

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.