CuriosityStream Inc. (NASDAQ:CURI) Director John S. Hendricks Sells 125,000 Shares

CuriosityStream Inc. (NASDAQ:CURI - Get Free Report) Director John S. Hendricks sold 125,000 shares of the business's stock in a transaction dated Thursday, June 12th. The shares were sold at an average price of $5.11, for a total value of $638,750.00. Following the sale, the director now directly owns 20,445,585 shares of the company's stock, valued at approximately $104,476,939.35. This trade represents a 0.61% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

CuriosityStream Stock Performance

Shares of NASDAQ:CURI traded down $0.24 during midday trading on Friday, hitting $4.76. 558,491 shares of the company's stock traded hands, compared to its average volume of 348,334. CuriosityStream Inc. has a twelve month low of $0.99 and a twelve month high of $7.15. The company has a market cap of $274.01 million, a PE ratio of -16.96 and a beta of 1.79. The firm's fifty day moving average price is $4.57 and its two-hundred day moving average price is $3.03.

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

CuriosityStream Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 20th. Stockholders of record on Friday, June 6th will be paid a dividend of $0.08 per share. The ex-dividend date of this dividend is Friday, June 6th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 6.73%. CuriosityStream's dividend payout ratio is currently -228.57%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Focus Partners Wealth purchased a new stake in CuriosityStream during the 4th quarter worth approximately $28,000. Merit Financial Group LLC bought a new position in shares of CuriosityStream in the 1st quarter worth about $29,000. Algert Global LLC bought a new position in CuriosityStream in the first quarter worth about $39,000. Cubist Systematic Strategies LLC boosted its position in CuriosityStream by 65.3% during the 4th quarter. Cubist Systematic Strategies LLC now owns 27,130 shares of the company's stock valued at $42,000 after purchasing an additional 10,722 shares during the period. Finally, Delta Financial Group Inc. boosted its holdings in shares of CuriosityStream by 17.7% during the fourth quarter. Delta Financial Group Inc. now owns 67,587 shares of the company's stock valued at $103,000 after acquiring an additional 10,182 shares during the period. 6.79% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. Needham & Company LLC lifted their price objective on CuriosityStream from $2.95 to $4.80 and gave the company a "buy" rating in a research note on Wednesday, May 7th. Barrington Research upgraded shares of CuriosityStream from a "market perform" rating to an "outperform" rating and set a $6.00 price target on the stock in a report on Wednesday, May 7th.

CuriosityStream Company Profile

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.