CuriosityStream (NASDAQ:CURI) Shares Down 4.8% - Here's Why

Key Points

• CuriosityStream shares fell 4.8% to $2.80 in Friday trading, with volume slightly below the stock’s average daily level.
• Analyst sentiment remains broadly positive: the consensus rating is “Buy,” with a $5.00 price target, despite one downgrade by Weiss Ratings.
• The company exceeded quarterly expectations, reporting $0.15 EPS versus a $0.04 estimate and revenue of $23.25 million versus $21.32 million expected. It also pays a quarterly dividend of $0.085, equivalent to a 12.1% annualized yield.

CuriosityStream Inc. (NASDAQ:CURI - Get Free Report)'s share price traded down 4.8% during trading on Friday. The company traded as low as $2.77 and last traded at $2.80. 509,525 shares changed hands during mid-day trading, a decline of 9% from the average daily volume of 558,190 shares. The stock had previously closed at $2.94.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on CURI shares. Wall Street Zen raised 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 report on Thursday, August 13th. Finally, Weiss Ratings cut shares of CuriosityStream from a "hold (c)" rating to a "hold (c-)" rating in a research report on Thursday. Two research analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus price target of $5.00.

CuriosityStream Price Performance

The firm has a market cap of $166.15 million, a price-to-earnings ratio of 280.00 and a beta of 1.71. The business has a 50-day moving average of $2.85 and a 200-day moving average of $2.86.

CuriosityStream (NASDAQ:CURI - Get Free Report) last released its quarterly earnings data on Wednesday, August 12th. The company reported $0.15 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $23.25 million for the quarter, compared to analyst estimates of $21.32 million. As a group, equities analysts anticipate that CuriosityStream Inc. will post 0.20 EPS for the current fiscal year.

CuriosityStream Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 18th. Shareholders of record on Friday, September 4th were given a $0.0850 dividend. This represents a $0.34 dividend on an annualized basis and a yield of 12.1%. The ex-dividend date was Friday, September 4th. CuriosityStream's payout ratio is currently 3,400.00%.

Insider Activity

In other news, CEO Clinton Stinchcomb bought 30,000 shares of the stock in a transaction on Thursday, August 27th. The stock was acquired at an average price of $2.55 per share, with a total value of $76,500.00. Following the acquisition, the chief executive officer directly owned 3,001,260 shares in the company, valued at approximately $7,653,213. This trade represents a 1.01% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 31.10% of the company's stock.

Institutional Investors Weigh In On CuriosityStream

A number of institutional investors have recently modified their holdings of the company. Public Employees Retirement System of Ohio bought a new stake in shares of CuriosityStream during the second quarter worth about $25,000. Diversify Wealth Management LLC purchased a new position in CuriosityStream in the first quarter valued at about $53,000. R Squared Ltd grew its holdings in CuriosityStream by 119.7% during the first quarter. R Squared Ltd now owns 44,485 shares of the company's stock valued at $132,000 after purchasing an additional 24,240 shares during the period. Sei Investments Co. increased its holdings in CuriosityStream by 139.1% in the 1st quarter. Sei Investments Co. now owns 232,371 shares of the company's stock worth $688,000 after acquiring an additional 135,173 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in shares of CuriosityStream by 117.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 233,340 shares of the company's stock valued at $690,000 after buying an additional 125,794 shares in the last quarter. 6.79% of the stock is owned by institutional investors.

CuriosityStream Company Profile

CuriosityStream Inc NASDAQ: CURI is a factual-media and streaming company focused on science, technology, history, nature and related educational content. Its flagship service, Curiosity Stream, offers on-demand documentaries, series and other nonfiction programming through its website, mobile applications, connected-TV platforms and distribution partners.

The company also develops and distributes educational and factual programming through digital products and branded content offerings.

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