CuriosityStream (NASDAQ:CURI) Releases Quarterly Earnings Results, Beats Expectations By $0.01 EPS

CuriosityStream (NASDAQ:CURI) announced its earnings results on Tuesday. The company reported ($0.04) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.01, Zacks reports. CuriosityStream had a negative net margin of 81.73% and a negative return on equity of 34.10%. The business had revenue of $12.40 million for the quarter, compared to analyst estimates of $12.30 million. During the same period last year, the firm posted ($0.19) earnings per share. CuriosityStream updated its Q3 2024 guidance to EPS.

CuriosityStream Stock Performance

CuriosityStream stock traded up $0.01 during mid-day trading on Thursday, reaching $1.20. 110,309 shares of the company were exchanged, compared to its average volume of 447,458. The firm’s 50-day simple moving average is $1.13 and its two-hundred day simple moving average is $0.95. CuriosityStream has a twelve month low of $0.45 and a twelve month high of $1.55. The firm has a market cap of $64.32 million, a PE ratio of -1.37 and a beta of 1.15.

CuriosityStream Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Saturday, October 12th will be paid a dividend of $0.025 per share. This represents a $0.10 annualized dividend and a yield of 8.33%. The ex-dividend date of this dividend is Friday, October 11th. CuriosityStream’s dividend payout ratio is presently -11.49%.

Insider Activity

In related news, CEO Clinton Larry Stinchcomb purchased 39,600 shares of the firm’s stock in a transaction that occurred on Thursday, May 23rd. The stock was purchased at an average cost of $1.07 per share, with a total value of $42,372.00. Following the completion of the acquisition, the chief executive officer now directly owns 246,564 shares in the company, valued at $263,823.48. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. In other CuriosityStream news, Director Michael Nikzad sold 53,268 shares of the business’s stock in a transaction that occurred on Tuesday, May 28th. The stock was sold at an average price of $1.06, for a total transaction of $56,464.08. Following the transaction, the director now owns 462,187 shares in the company, valued at approximately $489,918.22. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Clinton Larry Stinchcomb acquired 39,600 shares of the company’s stock in a transaction that occurred on Thursday, May 23rd. The shares were acquired at an average cost of $1.07 per share, for a total transaction of $42,372.00. Following the acquisition, the chief executive officer now directly owns 246,564 shares of the company’s stock, valued at $263,823.48. The disclosure for this purchase can be found here. Over the last 90 days, insiders have purchased 91,600 shares of company stock valued at $97,252 and have sold 110,097 shares valued at $116,703. Corporate insiders own 49.60% of the company’s stock.

Analysts Set New Price Targets

Separately, Needham & Company LLC reissued a “buy” rating and set a $1.35 price objective on shares of CuriosityStream in a research report on Wednesday.

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.