CuriosityStream Inc. (NASDAQ:CURI) Given Consensus Recommendation of “Buy” by Brokerages

CuriosityStream Inc. (NASDAQ:CURI) has been assigned an average recommendation of “Buy” from the five brokerages that are covering the company, Marketbeat reports. One investment analyst has rated the stock with a hold rating, two have issued a buy rating and two have given a strong buy rating to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $5.50.

A number of analysts recently weighed in on CURI shares. Wall Street Zen raised shares of CuriosityStream from a “hold” rating to a “buy” rating in a research report on Saturday, August 15th. Barrington Research cut their target price on CuriosityStream from $5.50 to $5.00 and set an “outperform” rating on the stock in a research note on Friday, May 15th. Singular Research upgraded CuriosityStream to a “strong-buy” rating in a report on Monday, June 1st. Zacks Research upgraded CuriosityStream from a “hold” rating to a “strong-buy” rating in a report on Thursday, August 13th. Finally, Weiss Ratings upgraded CuriosityStream from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, August 14th.

Insider Activity

In other CuriosityStream news, CFO Phillip Brady Hayden sold 30,400 shares of the firm’s stock in a transaction on Friday, June 12th. The stock was sold at an average price of $2.56, for a total transaction of $77,824.00. Following the transaction, the chief financial officer directly owned 71,267 shares in the company, valued at $182,443.52. This trade represents a 29.90% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Clinton Larry Stinchcomb bought 94,256 shares of the firm’s stock in a transaction on Wednesday, May 27th. The shares were purchased at an average cost of $2.74 per share, with a total value of $258,261.44. Following the completion of the transaction, the chief executive officer owned 2,945,516 shares in the company, valued at $8,070,713.84. This represents a 3.31% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders own 31.10% of the company’s stock.

Hedge Funds Weigh In On CuriosityStream

Institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. raised its holdings in shares of CuriosityStream by 16.1% in the third quarter. Vanguard Group Inc. now owns 1,978,190 shares of the company’s stock valued at $10,484,000 after acquiring an additional 274,233 shares in the last quarter. Renaissance Technologies LLC increased its position in CuriosityStream by 30.1% during the 1st quarter. Renaissance Technologies LLC now owns 1,768,800 shares of the company’s stock valued at $5,236,000 after purchasing an additional 408,900 shares during the period. Geode Capital Management LLC increased its position in CuriosityStream by 15.5% during the 4th quarter. Geode Capital Management LLC now owns 865,056 shares of the company’s stock valued at $3,288,000 after purchasing an additional 116,005 shares during the period. State Street Corp raised its holdings in shares of CuriosityStream by 8.0% in the 4th quarter. State Street Corp now owns 714,082 shares of the company’s stock valued at $2,714,000 after purchasing an additional 52,923 shares in the last quarter. Finally, Millennium Management LLC raised its holdings in shares of 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 purchasing an additional 482,360 shares in the last quarter. Hedge funds and other institutional investors own 6.79% of the company’s stock.

CuriosityStream Price Performance

CURI stock opened at $2.76 on Monday. CuriosityStream has a twelve month low of $2.30 and a twelve month high of $5.51. The stock has a market capitalization of $163.78 million, a price-to-earnings ratio of 276.00 and a beta of 1.77. The firm’s fifty day simple moving average is $2.68 and its two-hundred day simple moving average is $2.97.

CuriosityStream (NASDAQ:CURI) last announced its earnings results on Wednesday, August 12th. The company reported $0.15 earnings per share for the quarter, beating the consensus estimate of $0.04 by $0.11. CuriosityStream had a net margin of 0.03% and a return on equity of 0.06%. The business had revenue of $23.25 million for the quarter, compared to the consensus estimate of $21.32 million. As a group, equities research analysts expect that CuriosityStream will post 0.2 EPS for the current year.

CuriosityStream Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, September 18th. Shareholders of record on Friday, September 4th will be paid a $0.085 dividend. This represents a $0.34 dividend on an annualized basis and a yield of 12.3%. The ex-dividend date is Friday, September 4th. CuriosityStream’s dividend payout ratio is currently 3,400.00%.

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.