CuriosityStream Inc. (NASDAQ:CURI) Given Average Rating of "Buy" by Analysts

Key Points

• Analysts rate CuriosityStream “Buy” overall: Two analysts rate the stock a buy and two a strong buy, versus one hold, with an average 12-month price target of $5.50.
• CuriosityStream beat quarterly expectations, reporting $0.15 in EPS versus the $0.04 consensus and revenue of $23.25 million versus $21.32 million expected.
• The company declared a quarterly dividend of $0.085 per share, equal to an annualized $0.34 and a stated 12.1% yield; CEO Clinton Stinchcomb also purchased 20,000 shares at an average price of $2.60.

Shares of CuriosityStream Inc. (NASDAQ:CURI - Get Free Report) have been assigned a consensus recommendation of "Buy" from the five brokerages that are presently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a hold rating, two have issued a buy rating and two have assigned a strong buy rating to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $5.50.

CURI has been the subject of a number of analyst reports. Zacks Research raised CuriosityStream from a "hold" rating to a "strong-buy" rating in a report on Thursday, August 13th. Wall Street Zen raised shares of CuriosityStream from a "hold" rating to a "buy" rating in a report on Saturday, August 15th. Singular Research upgraded shares of CuriosityStream to a "strong-buy" rating in a research report on Monday, June 1st. Finally, Weiss Ratings raised shares of CuriosityStream from a "hold (c-)" rating to a "hold (c)" rating in a research note on Friday, August 14th.

CuriosityStream Stock Performance

Shares of CURI stock opened at $2.80 on Friday. The firm has a fifty day moving average of $2.72 and a 200-day moving average of $2.89. CuriosityStream has a 52-week low of $2.30 and a 52-week high of $5.51. The stock has a market cap of $166.15 million, a price-to-earnings ratio of 280.00 and a beta of 1.76.

CuriosityStream (NASDAQ:CURI - Get Free Report) last posted its earnings results on Wednesday, August 12th. The company reported $0.15 earnings per share for the quarter, beating analysts' consensus estimates 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 analysts' expectations of $21.32 million. On average, sell-side analysts predict that CuriosityStream will post 0.2 earnings per share for the current year.

CuriosityStream Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 18th. Investors of record on Friday, September 4th will be given a dividend of $0.085 per share. The ex-dividend date is Friday, September 4th. This represents a $0.34 dividend on an annualized basis and a yield of 12.1%. CuriosityStream's dividend payout ratio is 3,400.00%.

Insiders Place Their Bets

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

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in CURI. Renaissance Technologies LLC increased its position in CuriosityStream by 30.1% in the 1st quarter. Renaissance Technologies LLC now owns 1,768,800 shares of the company's stock valued at $5,236,000 after acquiring an additional 408,900 shares in the last quarter. Penbrook Management LLC lifted its position in shares of CuriosityStream by 94.4% during the first quarter. Penbrook Management LLC now owns 675,150 shares of the company's stock worth $1,998,000 after purchasing an additional 327,850 shares in the last quarter. Bank of New York Mellon Corp grew its stake in shares of CuriosityStream by 6.0% during the first quarter. Bank of New York Mellon Corp now owns 446,617 shares of the company's stock valued at $1,322,000 after purchasing an additional 25,366 shares during the last quarter. GSA Capital Partners LLP grew its stake in shares of CuriosityStream by 40.6% during the fourth quarter. GSA Capital Partners LLP now owns 260,618 shares of the company's stock valued at $990,000 after purchasing an additional 75,220 shares during the last quarter. Finally, Evernest Financial Advisors LLC increased its holdings in shares of CuriosityStream by 6.4% in the fourth quarter. Evernest Financial Advisors LLC now owns 255,290 shares of the company's stock valued at $970,000 after purchasing an additional 15,262 shares in the last quarter. 6.79% of the stock is owned by institutional investors.

CuriosityStream Company Profile

CuriosityStream, Inc is a factual-media and streaming company that provides on-demand programming focused on science, technology, history, nature, society and related subjects. Its service features documentary films, series, short-form videos and educational content, including original productions and licensed programming from third-party creators.

The company distributes its content through its direct-to-consumer streaming platform and digital applications, as well as through partnerships and bundled offerings with other media and technology providers.

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