CuriosityStream Inc. (NASDAQ:CURI) Director Sells $236,444.00 in Stock

CuriosityStream Inc. (NASDAQ:CURI - Get Free Report) Director John S. Hendricks sold 45,470 shares of the stock in a transaction on Tuesday, June 10th. The stock was sold at an average price of $5.20, for a total value of $236,444.00. Following the completion of the transaction, the director now directly owns 20,720,585 shares in the company, valued at $107,747,042. This trade represents a 0.22% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

CuriosityStream Stock Down 9.8%

Shares of CuriosityStream stock traded down $0.50 during midday trading on Friday, hitting $4.59. The company's stock had a trading volume of 1,260,847 shares, compared to its average volume of 351,610. The firm has a market capitalization of $264.50 million, a P/E ratio of -16.39 and a beta of 1.79. The stock has a 50-day simple moving average of $4.62 and a 200-day simple moving average of $3.04. 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 issued its quarterly earnings data on Tuesday, May 6th. The company reported $0.01 earnings per share for the quarter, topping analysts' consensus estimates of ($0.01) by $0.02. The business had revenue of $15.09 million during the quarter, compared to analysts' expectations of $14.95 million. CuriosityStream had a negative net margin of 28.56% and a negative return on equity of 22.18%. As a group, sell-side analysts predict that CuriosityStream Inc. will post -0.2 earnings per share for the current year.

CuriosityStream Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 20th. Shareholders of record on Friday, June 6th will be issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 6.97%. The ex-dividend date of this dividend is Friday, June 6th. CuriosityStream's dividend payout ratio (DPR) is currently -228.57%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on CURI shares. Barrington Research upgraded 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 lifted their price objective 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.

Institutional Trading of CuriosityStream

A number of hedge funds have recently bought and sold shares of the stock. Focus Partners Wealth acquired a new position in CuriosityStream in the 4th quarter valued at approximately $28,000. Merit Financial Group LLC acquired a new stake in shares of CuriosityStream during the 1st quarter valued at about $29,000. Algert Global LLC acquired a new stake in shares of CuriosityStream during the 1st quarter valued at about $39,000. Cubist Systematic Strategies LLC increased its stake in CuriosityStream by 65.3% in the fourth quarter. Cubist Systematic Strategies LLC now owns 27,130 shares of the company's stock valued at $42,000 after acquiring an additional 10,722 shares during the period. Finally, Delta Financial Group Inc. boosted its holdings in CuriosityStream by 17.7% during the fourth quarter. Delta Financial Group Inc. now owns 67,587 shares of the company's stock valued at $103,000 after purchasing an additional 10,182 shares in the last quarter. 6.79% of the stock is owned by institutional investors.

About CuriosityStream

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.