CuriosityStream Inc. Plans Dividend of $0.08 (NASDAQ:CURI)

CuriosityStream Inc. (NASDAQ:CURI - Get Free Report) announced a dividend on Monday, May 5th, NASDAQ Dividends reports. Stockholders of record on Friday, June 6th will be paid a dividend of 0.08 per share on Friday, June 20th. The ex-dividend date is Friday, June 6th.

CuriosityStream has a payout ratio of 1,066.7% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect CuriosityStream to earn ($0.03) per share next year, which means the company may not be able to cover its $0.32 annual dividend with an expected future payout ratio of -1,066.7%.

CuriosityStream Stock Performance

CURI traded down $0.77 during trading on Thursday, hitting $5.76. The stock had a trading volume of 1,287,544 shares, compared to its average volume of 355,609. The firm has a market capitalization of $331.93 million, a P/E ratio of -20.57 and a beta of 1.79. The company's 50-day moving average price is $4.23 and its 200 day moving average price is $2.87. CuriosityStream has a twelve month low of $0.98 and a twelve month high of $7.15.

CuriosityStream (NASDAQ:CURI - Get Free Report) last released its quarterly earnings data on Tuesday, May 6th. The company reported $0.01 EPS for the quarter, topping the consensus estimate of ($0.01) by $0.02. CuriosityStream had a negative net margin of 28.56% and a negative return on equity of 22.18%. The business had revenue of $15.09 million for the quarter, compared to analyst estimates of $14.95 million. As a group, equities analysts expect that CuriosityStream will post -0.2 earnings per share for the current fiscal year.

Institutional Trading of CuriosityStream

A number of institutional investors and hedge funds have recently bought and sold shares of CURI. Cubist Systematic Strategies LLC grew its position in CuriosityStream by 101.7% in the first quarter. Cubist Systematic Strategies LLC now owns 54,712 shares of the company's stock valued at $147,000 after acquiring an additional 27,582 shares in the last quarter. Acadian Asset Management LLC grew its position in CuriosityStream by 121.8% in the first quarter. Acadian Asset Management LLC now owns 198,278 shares of the company's stock valued at $529,000 after acquiring an additional 108,891 shares in the last quarter. Goldman Sachs Group Inc. grew its position in CuriosityStream by 657.3% in the first quarter. Goldman Sachs Group Inc. now owns 125,743 shares of the company's stock valued at $337,000 after acquiring an additional 109,138 shares in the last quarter. Finally, Jane Street Group LLC acquired a new stake in CuriosityStream in the first quarter valued at approximately $486,000. Institutional investors and hedge funds own 6.79% of the company's stock.

Analysts Set New Price Targets

A number of research firms have issued reports on CURI. Needham & Company LLC upped their target price on shares of CuriosityStream from $2.95 to $4.80 and gave the company a "buy" rating in a report on Wednesday, May 7th. Barrington Research raised shares of CuriosityStream from a "market perform" rating to an "outperform" rating and set a $6.00 price objective for the company in a research note on Wednesday, May 7th.

About CuriosityStream

CuriosityStream Inc operates as a factual content streaming service and media company. The company provides premium video and audio programming services in various categories of factual entertainment, including science, history, society, nature, lifestyle, and technology through direct subscription video on-demand (SVoD) platforms accessible by internet connected devices, or indirectly via distribution partners who deliver CuriosityStream content via distributor's platform or system, as well as through bundled content licenses for SVoD and linear offerings, talks and courses, and partner bulk sales.