CuriosityStream Inc. (NASDAQ:CURI) Director Sells $780,000.00 in Stock

CuriosityStream Inc. (NASDAQ:CURI - Get Free Report) Director John S. Hendricks sold 150,000 shares of CuriosityStream stock in a transaction that occurred on Wednesday, June 11th. The stock was sold at an average price of $5.20, for a total transaction of $780,000.00. Following the completion of the transaction, the director now directly owns 20,570,585 shares in the company, valued at $106,967,042. This represents a 0.72% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

CuriosityStream Trading Down 9.8%

NASDAQ CURI traded down $0.50 on Friday, hitting $4.59. 1,260,847 shares of the company were exchanged, compared to its average volume of 351,905. The firm has a 50 day moving average of $4.62 and a two-hundred day moving average of $3.05. The company has a market cap of $264.50 million, a P/E ratio of -16.39 and a beta of 1.79. CuriosityStream Inc. has a 1-year low of $0.99 and a 1-year high of $7.15.

CuriosityStream (NASDAQ:CURI - Get Free Report) last released 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 company had revenue of $15.09 million for the quarter, compared to the consensus estimate of $14.95 million. CuriosityStream had a negative net margin of 28.56% and a negative return on equity of 22.18%. Research analysts anticipate that CuriosityStream Inc. will post -0.2 EPS for the current fiscal year.

CuriosityStream Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 20th. Investors of record on Friday, June 6th will be issued 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 yield of 6.97%. CuriosityStream's payout ratio is -228.57%.

Hedge Funds Weigh In On CuriosityStream

A number of institutional investors have recently added to or reduced their stakes in CURI. Focus Partners Wealth bought a new position in CuriosityStream during the fourth quarter worth $28,000. Merit Financial Group LLC acquired a new position in CuriosityStream in the first quarter valued at about $29,000. Algert Global LLC acquired a new position in CuriosityStream during the first quarter worth about $39,000. Cubist Systematic Strategies LLC raised its stake in CuriosityStream by 65.3% during the fourth quarter. Cubist Systematic Strategies LLC now owns 27,130 shares of the company's stock worth $42,000 after acquiring an additional 10,722 shares in the last quarter. Finally, Delta Financial Group Inc. increased its stake in shares of CuriosityStream by 17.7% in the fourth quarter. Delta Financial Group Inc. now owns 67,587 shares of the company's stock valued at $103,000 after buying an additional 10,182 shares during the period. 6.79% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the stock. Barrington Research upgraded shares of CuriosityStream from a "market perform" rating to an "outperform" rating and set a $6.00 target price for the company in a research note on Wednesday, May 7th. Needham & Company LLC upped their target price on shares of CuriosityStream from $2.95 to $4.80 and gave the company a "buy" rating in a research note 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.