CuriosityStream Inc. (CURI) - What Are Investment Firms Thinking About This Stock?

Key Points

• Analyst sentiment is moderately positive: Five brokerages give CuriosityStream an average “Moderate Buy” rating, with a mean 12-month price target of $4.50. Needham cut its target from $6 to $4 but maintained a buy rating.
• Quarterly results topped estimates: CuriosityStream reported EPS of $0.08 versus the $0.03 consensus and revenue of $20.72 million versus the $19.98 million estimate.
• The shares opened at $2.37, near the reported 52-week low of $2.30. The company declared a quarterly dividend of $0.085 per share, which the article says equates to a 14.3% annualized yield.

CuriosityStream Inc. (NASDAQ:CURI - Get Free Report) has been given an average recommendation of "Moderate Buy" by the five brokerages that are covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $4.50.

A number of equities research analysts recently commented on CURI shares. Weiss Ratings raised CuriosityStream from a "hold (c-)" rating to a "hold (c)" rating in a research note on Monday, November 2nd. Wall Street Zen raised CuriosityStream from a "hold" rating to a "buy" rating in a research note on Saturday, August 15th. Zacks Research lowered CuriosityStream from a "strong-buy" rating to a "hold" rating in a research note on Monday, October 19th. Finally, Needham & Company LLC reduced their target price on CuriosityStream from $6.00 to $4.00 and set a "buy" rating on the stock in a report on Thursday.

CuriosityStream Price Performance

Shares of CuriosityStream stock opened at $2.37 on Thursday. The firm has a 50 day simple moving average of $2.76 and a 200 day simple moving average of $2.93. The firm has a market cap of $140.63 million, a P/E ratio of 237.00 and a beta of 1.81. CuriosityStream has a fifty-two week low of $2.30 and a fifty-two week high of $5.10.

CuriosityStream (NASDAQ:CURI - Get Free Report) last released its earnings results on Wednesday, November 11th. The company reported $0.08 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.03 by $0.05. The company had revenue of $20.72 million for the quarter, compared to the consensus estimate of $19.98 million. CuriosityStream had a net margin of 0.03% and a return on equity of 0.06%. On average, sell-side analysts expect that CuriosityStream will post 0.20 EPS for the current year.

CuriosityStream Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 15th. Investors of record on Thursday, December 3rd will be given a $0.0850 dividend. This represents a $0.34 dividend on an annualized basis and a dividend yield of 14.3%. The ex-dividend date is Thursday, December 3rd. CuriosityStream's dividend payout ratio (DPR) is currently 3,400.00%.

Insider Buying and Selling at CuriosityStream

In other news, CEO Clinton Stinchcomb acquired 20,000 shares of CuriosityStream stock in a transaction that occurred on Friday, August 28th. The shares were acquired at an average price of $2.60 per share, with a total value of $52,000.00. Following the purchase, the chief executive officer directly owned 3,021,260 shares of the company's stock, valued at $7,855,276. The trade was a 0.67% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 31.10% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. Renaissance Technologies LLC increased its stake in CuriosityStream by 30.1% in the first 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 in the last quarter. Bank of New York Mellon Corp bought a new position in shares of CuriosityStream during the second quarter worth $1,184,000. Diversify Wealth Management LLC bought a new position in shares of CuriosityStream during the first quarter worth $53,000. Russell Investments Group Ltd. grew its holdings in shares of CuriosityStream by 1,518.9% in the 3rd quarter. Russell Investments Group Ltd. now owns 252,306 shares of the company's stock valued at $734,000 after buying an additional 236,721 shares during the period. Finally, Diversified Trust Co increased its position in shares of CuriosityStream by 52.4% in the 3rd quarter. Diversified Trust Co now owns 20,745 shares of the company's stock valued at $60,000 after buying an additional 7,132 shares in the last quarter. Institutional investors and hedge funds own 6.79% of the company's stock.

CuriosityStream Company Profile

CuriosityStream Inc. is a media and entertainment company that operates a subscription streaming service focused on factual and nonfiction programming. Its content covers subjects such as science, technology, history, nature, space, engineering and society, with documentaries, series and other educational video programs available through digital platforms. The company distributes its programming through its own streaming service and through third-party distribution and technology partners. CuriosityStream has served viewers internationally, offering content through online and connected-TV platforms in multiple markets and making programming available in several languages through subtitles or dubbing.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.