CuriosityStream (NASDAQ:CURI) CEO Purchases $52,000.00 in Stock

Key Points

• CEO insider buying: Clinton Larry Stinchcomb purchased 20,000 CuriosityStream shares for $52,000 at $2.60 each, increasing his direct ownership to 3,021,260 shares. He also bought 30,000 shares the previous day.
• Stock and financial results: CURI traded at $2.73, up 1.7%, while its latest quarterly earnings and revenue exceeded analyst expectations. The stock remains near the lower end of its 12-month range and has a market capitalization of approximately $161.7 million.
• Dividend and analyst outlook: CuriosityStream declared an $0.085 quarterly dividend, representing a 12.5% annualized yield, while analysts maintain a consensus “Buy” rating with an average price target of $5.50.

CuriosityStream Inc. (NASDAQ:CURI - Get Free Report) CEO Clinton Larry Stinchcomb acquired 20,000 shares of the firm's stock in a transaction dated Friday, August 28th. The shares were purchased at an average cost of $2.60 per share, for a total transaction of $52,000.00. Following the completion of the acquisition, the chief executive officer directly owned 3,021,260 shares in the company, valued at approximately $7,855,276. This represents a 0.67% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

Clinton Larry Stinchcomb also recently made the following trade(s):

• On Thursday, August 27th, Clinton Larry Stinchcomb bought 30,000 shares of CuriosityStream stock. The shares were purchased at an average price of $2.55 per share, with a total value of $76,500.00.

CuriosityStream Trading Up 1.7%

CURI traded up $0.04 during trading hours on Tuesday, hitting $2.73. The company's stock had a trading volume of 563,157 shares, compared to its average volume of 663,963. The business's 50-day moving average price is $2.70 and its 200-day moving average price is $2.94. CuriosityStream Inc. has a 12 month low of $2.30 and a 12 month high of $5.51. The stock has a market cap of $161.70 million, a price-to-earnings ratio of 272.50 and a beta of 1.77.

CuriosityStream (NASDAQ:CURI - Get Free Report) last released its quarterly earnings data on Wednesday, August 12th. The company reported $0.15 EPS for the quarter, beating the consensus estimate of $0.04 by $0.11. CuriosityStream had a net margin of 0.03% and a return on equity of 0.06%. The business had revenue of $23.25 million during the quarter, compared to analyst estimates of $21.32 million. On average, analysts forecast that CuriosityStream Inc. will post 0.2 earnings per share for the current year.

CuriosityStream Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, September 18th. Investors of record on Friday, September 4th will be given a $0.085 dividend. The ex-dividend date is Friday, September 4th. This represents a $0.34 annualized dividend and a yield of 12.5%. CuriosityStream's dividend payout ratio (DPR) is currently 3,400.00%.

Analyst Upgrades and Downgrades

CURI has been the topic of a number of recent research reports. Barrington Research decreased their price objective on CuriosityStream from $5.50 to $5.00 and set an "outperform" rating on the stock in a research report on Friday, May 15th. Wall Street Zen upgraded CuriosityStream from a "hold" rating to a "buy" rating in a report on Saturday, August 15th. Zacks Research raised CuriosityStream from a "hold" rating to a "strong-buy" rating in a research report on Thursday, August 13th. Weiss Ratings upgraded CuriosityStream from a "hold (c-)" rating to a "hold (c)" rating in a report on Friday, August 14th. Finally, Singular Research upgraded CuriosityStream to a "strong-buy" rating in a research report on Monday, June 1st. Two research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of "Buy" and an average price target of $5.50.

Institutional Trading of CuriosityStream

Several institutional investors and hedge funds have recently made changes to their positions in CURI. Quarry LP bought a new position in shares of CuriosityStream in the third quarter worth about $45,000. Public Employees Retirement System of Ohio purchased a new stake in CuriosityStream in the 2nd quarter valued at about $25,000. Schonfeld Strategic Advisors LLC purchased a new stake in CuriosityStream in the 3rd quarter valued at about $54,000. Mangrove Partners IM LLC bought a new position in CuriosityStream in the 4th quarter worth about $42,000. Finally, The Manufacturers Life Insurance Company bought a new position in CuriosityStream in the 2nd quarter worth about $64,000. 6.79% of the stock is currently owned by institutional investors.

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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