CuriosityStream (NASDAQ:CURI) Issues Earnings Results, Beats Expectations By $0.11 EPS

Key Points

• CuriosityStream reported EPS of $0.15, beating analyst expectations of $0.04 by $0.11, though it continued to post a negative net margin and return on equity.
• The company raised its quarterly dividend to $0.085 per share, equivalent to an annualized $0.34 payout and a 12.1% yield.
• Analyst sentiment remained favorable, with a consensus rating of “Moderate Buy” and a $6.00 price target versus the stock’s $2.80 trading price; insider ownership stood at 31.1%.

CuriosityStream (NASDAQ:CURI - Get Free Report) issued its quarterly earnings results on Wednesday. The company reported $0.15 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.04 by $0.11, Zacks reports. CuriosityStream had a negative return on equity of 18.46% and a negative net margin of 11.26%.

CuriosityStream Price Performance

Shares of CuriosityStream stock remained flat at $2.80 during trading on Wednesday. 424,400 shares of the company were exchanged, compared to its average volume of 440,818. The company has a market cap of $165.13 million, a price-to-earnings ratio of -21.54 and a beta of 1.77. CuriosityStream has a 52 week low of $2.30 and a 52 week high of $5.51. The company has a fifty day moving average price of $2.63 and a 200 day moving average price of $3.00.

CuriosityStream Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 19th. Shareholders of record on Friday, June 5th were issued a dividend of $0.085 per share. This represents a $0.34 dividend on an annualized basis and a dividend yield of 12.1%. The ex-dividend date was Friday, June 5th. This is a positive change from CuriosityStream's previous quarterly dividend of $0.08. CuriosityStream's dividend payout ratio (DPR) is currently -261.54%.

Insider Activity

In related news, CEO Clinton Larry Stinchcomb purchased 94,256 shares of the business's stock in a transaction on Wednesday, May 27th. The stock was acquired at an average price of $2.74 per share, for a total transaction of $258,261.44. Following the purchase, the chief executive officer owned 2,945,516 shares of the company's stock, valued at approximately $8,070,713.84. This trade represents a 3.31% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO Phillip Brady Hayden sold 30,400 shares of CuriosityStream stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $2.56, for a total value of $77,824.00. Following the transaction, the chief financial officer directly owned 71,267 shares in the company, valued at approximately $182,443.52. The trade was a 29.90% decrease in their position. The disclosure for this sale is available in the SEC filing. 31.10% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Schonfeld Strategic Advisors LLC boosted its position in shares of CuriosityStream by 30.8% during the fourth quarter. Schonfeld Strategic Advisors LLC now owns 13,235 shares of the company's stock valued at $50,000 after buying an additional 3,115 shares during the last quarter. MetLife Investment Management LLC raised its holdings in shares of CuriosityStream by 17.7% during the fourth quarter. MetLife Investment Management LLC now owns 24,630 shares of the company's stock valued at $94,000 after purchasing an additional 3,704 shares during the last quarter. Invesco Ltd. lifted its position in CuriosityStream by 31.9% during the fourth quarter. Invesco Ltd. now owns 27,799 shares of the company's stock valued at $106,000 after purchasing an additional 6,728 shares during the period. Bank of America Corp DE lifted its position in CuriosityStream by 36.6% during the third quarter. Bank of America Corp DE now owns 26,920 shares of the company's stock valued at $143,000 after purchasing an additional 7,206 shares during the period. Finally, Quarry LP bought a new position in CuriosityStream during the third quarter valued at approximately $45,000. 6.79% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms recently issued reports on CURI. Barrington Research lowered their price objective on shares of CuriosityStream from $5.50 to $5.00 and set an "outperform" rating for the company in a research report on Friday, May 15th. Singular Research upgraded CuriosityStream to a "strong-buy" rating in a research note on Monday, June 1st. Finally, Weiss Ratings restated a "hold (c-)" rating on shares of CuriosityStream in a research report on Tuesday, June 9th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $6.00.

About CuriosityStream

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.

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