CuriosityStream (NASDAQ:CURI) CEO Clinton Larry Stinchcomb Buys 30,000 Shares of Stock

Key Points

• CEO insider buying: Clinton Larry Stinchcomb purchased 30,000 CuriosityStream shares at $2.55 each, investing $76,500 and increasing his stake to 3,001,260 shares.
• Quarterly results exceeded expectations: CuriosityStream reported earnings of $0.15 per share versus the $0.04 consensus estimate, while revenue reached $23.25 million compared with the $21.32 million forecast.
• Analyst sentiment remains positive: The stock has a consensus “Buy” rating and an average price target of $5.50, although shares recently traded near $2.62 and carry a 13% indicated dividend yield.

CuriosityStream Inc. (NASDAQ:CURI - Get Free Report) CEO Clinton Larry Stinchcomb acquired 30,000 shares of CuriosityStream stock in a transaction dated Thursday, August 27th. The stock was bought at an average price of $2.55 per share, for a total transaction of $76,500.00. Following the completion of the purchase, the chief executive officer owned 3,001,260 shares of the company's stock, valued at approximately $7,653,213. This represents a 1.01% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link.

CuriosityStream Trading Up 0.4%

NASDAQ:CURI traded up $0.01 during midday trading on Monday, reaching $2.62. The company had a trading volume of 1,474,960 shares, compared to its average volume of 662,637. CuriosityStream Inc. has a 12-month low of $2.30 and a 12-month high of $5.51. The firm has a market capitalization of $155.47 million, a price-to-earnings ratio of 262.00 and a beta of 1.77. The stock's fifty day simple moving average is $2.70 and its 200-day simple moving average is $2.94.

CuriosityStream (NASDAQ:CURI - Get Free Report) last issued its quarterly earnings results on Wednesday, August 12th. The company reported $0.15 earnings per share for the quarter, topping the consensus estimate of $0.04 by $0.11. CuriosityStream had a return on equity of 0.06% and a net margin of 0.03%.The company had revenue of $23.25 million for the quarter, compared to the consensus estimate of $21.32 million. As a group, sell-side analysts expect that CuriosityStream Inc. will post 0.2 EPS for the current year.

CuriosityStream Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 18th. Stockholders of record on Friday, September 4th will be given a dividend of $0.085 per share. The ex-dividend date of this dividend is Friday, September 4th. This represents a $0.34 dividend on an annualized basis and a dividend yield of 13.0%. CuriosityStream's payout ratio is currently 3,400.00%.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on CURI. Wall Street Zen raised shares of CuriosityStream from a "hold" rating to a "buy" rating in a report on Saturday, August 15th. Zacks Research raised shares of CuriosityStream from a "hold" rating to a "strong-buy" rating in a research report on Thursday, August 13th. Singular Research upgraded shares of CuriosityStream to a "strong-buy" rating in a report on Monday, June 1st. Weiss Ratings raised shares of CuriosityStream from a "hold (c-)" rating to a "hold (c)" rating in a research report on Friday, August 14th. Finally, Barrington Research decreased 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. Two equities research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, CuriosityStream has a consensus rating of "Buy" and an average price target of $5.50.

Hedge Funds Weigh In On CuriosityStream

Large investors have recently bought and sold shares of the stock. Public Employees Retirement System of Ohio purchased a new position in shares of CuriosityStream during the second quarter worth about $25,000. Bank of New York Mellon Corp acquired a new stake in shares of CuriosityStream in the 2nd quarter valued at about $1,184,000. Renaissance Technologies LLC boosted its position in shares of 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 purchasing an additional 408,900 shares during the period. Sei Investments Co. grew its stake in CuriosityStream by 139.1% during the 1st quarter. Sei Investments Co. now owns 232,371 shares of the company's stock worth $688,000 after buying an additional 135,173 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in CuriosityStream by 117.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 233,340 shares of the company's stock worth $690,000 after buying an additional 125,794 shares during the last quarter. Institutional investors and hedge funds own 6.79% of the company's stock.

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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