John S. Hendricks Sells 80,000 Shares of CuriosityStream Inc. (NASDAQ:CURI) Stock

CuriosityStream Inc. (NASDAQ:CURI - Get Free Report) Director John S. Hendricks sold 80,000 shares of the firm's stock in a transaction dated Friday, June 13th. The stock was sold at an average price of $4.62, for a total transaction of $369,600.00. Following the sale, the director now owns 20,365,585 shares of the company's stock, valued at approximately $94,089,002.70. The trade was a 0.39% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

CuriosityStream Stock Performance

Shares of CuriosityStream stock traded up $0.08 during trading hours on Tuesday, hitting $4.89. The company's stock had a trading volume of 96,672 shares, compared to its average volume of 352,759. The stock has a market cap of $281.50 million, a price-to-earnings ratio of -17.45 and a beta of 1.79. CuriosityStream Inc. has a twelve month low of $0.99 and a twelve month high of $7.15. The firm has a fifty day moving average of $4.67 and a 200-day moving average of $3.08.

CuriosityStream (NASDAQ:CURI - Get Free Report) last announced its earnings results on Tuesday, May 6th. The company reported $0.01 earnings per share for the quarter, topping the consensus estimate of ($0.01) by $0.02. The company had revenue of $15.09 million during the quarter, compared to analyst estimates of $14.95 million. CuriosityStream had a negative net margin of 28.56% and a negative return on equity of 22.18%. On average, sell-side analysts expect that CuriosityStream Inc. will post -0.2 earnings per share for the current fiscal year.

CuriosityStream Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 20th. Stockholders of record on Friday, June 6th will be paid a $0.08 dividend. The ex-dividend date of this dividend is Friday, June 6th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 6.55%. CuriosityStream's payout ratio is presently -228.57%.

Institutional Investors Weigh In On CuriosityStream

Several institutional investors and hedge funds have recently modified their holdings of the company. Geode Capital Management LLC grew its position in CuriosityStream by 2.4% in the 4th quarter. Geode Capital Management LLC now owns 330,615 shares of the company's stock valued at $506,000 after acquiring an additional 7,669 shares in the last quarter. Delta Financial Group Inc. boosted 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 purchasing an additional 10,182 shares during the period. Merit Financial Group LLC acquired a new position in shares of CuriosityStream in the first quarter valued at approximately $29,000. Cubist Systematic Strategies LLC increased its stake in CuriosityStream by 65.3% during the 4th quarter. Cubist Systematic Strategies LLC now owns 27,130 shares of the company's stock worth $42,000 after buying an additional 10,722 shares during the period. Finally, Algert Global LLC acquired a new stake in CuriosityStream during the 1st quarter worth approximately $39,000. Hedge funds and other institutional investors own 6.79% of the company's stock.

Analyst Ratings Changes

Several equities analysts have weighed in on CURI shares. Barrington Research upgraded shares of CuriosityStream from a "market perform" rating to an "outperform" rating and set a $6.00 target price on the stock in a report on Wednesday, May 7th. Needham & Company LLC lifted their price target on shares of CuriosityStream from $2.95 to $4.80 and gave the company a "buy" rating in a research report on Wednesday, May 7th.

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.

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