CuriosityStream (NASDAQ:CURI) Releases Quarterly Earnings Results, Misses Expectations By $0.02 EPS

Key Points

• CuriosityStream missed EPS, reporting a ($0.06) loss per share vs. the ($0.04) consensus (a $0.02 miss) while revenue slightly beat at $19.2M; the company remains unprofitable with a net margin of -8.19% and ROE of -10.24%.
• The board declared a quarterly dividend of $0.08 (annualized $0.32), implying a 9.8% yield
• Shares traded up to $3.27 on heavy volume (market cap ~$190.6M); the CFO sold shares recently and insiders collectively own 52% of the stock, while institutional ownership is low at about 6.8%.

CuriosityStream (NASDAQ:CURI - Get Free Report) posted its earnings results on Wednesday. The company reported ($0.06) EPS for the quarter, missing analysts' consensus estimates of ($0.04) by ($0.02), FiscalAI reports. The business had revenue of $19.20 million for the quarter, compared to analyst estimates of $18.91 million. CuriosityStream had a negative net margin of 8.19% and a negative return on equity of 10.24%.

CuriosityStream Stock Performance

Shares of CuriosityStream stock traded up $0.12 during trading hours on Wednesday, hitting $3.27. The company's stock had a trading volume of 1,340,786 shares, compared to its average volume of 522,687. The stock has a market cap of $190.64 million, a price-to-earnings ratio of -36.33 and a beta of 1.85. CuriosityStream has a twelve month low of $2.30 and a twelve month high of $7.15. The firm has a fifty day moving average of $3.47 and a 200-day moving average of $4.17.

CuriosityStream Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 20th. Investors of record on Friday, March 6th will be given a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 9.8%. The ex-dividend date is Friday, March 6th. CuriosityStream's dividend payout ratio is presently -355.56%.

Wall Street Analyst Weigh In

CURI has been the subject of several research reports. Zacks Research raised shares of CuriosityStream from a "strong sell" rating to a "hold" rating in a research note on Tuesday, February 10th. Barrington Research restated an "outperform" rating and set a $6.00 target price on shares of CuriosityStream in a report on Thursday, November 13th. Finally, Weiss Ratings restated a "sell (d+)" rating on shares of CuriosityStream in a research report on Monday, December 29th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $6.33.

Insider Buying and Selling

In related news, CFO Phillip Brady Hayden sold 17,474 shares of CuriosityStream stock in a transaction that occurred on Friday, January 2nd. The shares were sold at an average price of $3.76, for a total value of $65,702.24. Following the completion of the sale, the chief financial officer owned 101,667 shares in the company, valued at approximately $382,267.92. This trade represents a 14.67% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 52.00% of the stock is owned by insiders.

Institutional Investors Weigh In On CuriosityStream

A number of hedge funds have recently added to or reduced their stakes in the business. Mangrove Partners IM LLC purchased a new position in shares of CuriosityStream in the 4th quarter valued at about $42,000. Quarry LP acquired a new position in CuriosityStream in the third quarter valued at approximately $45,000. Schonfeld Strategic Advisors LLC increased its stake in CuriosityStream by 30.8% in the fourth quarter. Schonfeld Strategic Advisors LLC now owns 13,235 shares of the company's stock valued at $50,000 after purchasing an additional 3,115 shares during the last quarter. The Manufacturers Life Insurance Company purchased a new position in CuriosityStream in the second quarter valued at approximately $64,000. Finally, Sherbrooke Park Advisers LLC acquired a new stake in CuriosityStream during the third quarter worth approximately $67,000. 6.79% of the stock is currently owned by institutional investors and hedge funds.

CuriosityStream Company Profile

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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