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

CuriosityStream Inc. (NASDAQ:CURI) Director John S. Hendricks sold 80,000 shares of CuriosityStream stock in a transaction dated Friday, June 13th. The shares were sold at an average price of $4.62, for a total value of $369,600.00. Following the completion of the transaction, the director now owns 20,365,585 shares of the company’s stock, valued at $94,089,002.70. The trade was a 0.39% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

CuriosityStream Stock Performance

NASDAQ CURI traded up $0.08 during trading on Tuesday, reaching $4.89. 96,672 shares of the company’s stock were exchanged, compared to its average volume of 352,759. The company has a 50 day moving average price of $4.67 and a two-hundred day moving average price of $3.08. The stock has a market cap of $281.50 million, a P/E ratio of -17.45 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) last issued 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 business had revenue of $15.09 million for the quarter, compared to analyst estimates of $14.95 million. CuriosityStream had a negative return on equity of 22.18% and a negative net margin of 28.56%. Research analysts forecast that CuriosityStream Inc. will post -0.2 EPS for the current fiscal year.

CuriosityStream Announces Dividend

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

Analysts Set New Price Targets

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

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of CURI. Focus Partners Wealth acquired a new stake in CuriosityStream during the 4th quarter worth $28,000. Merit Financial Group LLC acquired a new stake in shares of CuriosityStream during the first quarter worth about $29,000. Algert Global LLC purchased a new stake in shares of CuriosityStream in the 1st quarter valued at about $39,000. Cubist Systematic Strategies LLC boosted its position in shares of CuriosityStream by 65.3% in the 4th quarter. Cubist Systematic Strategies LLC now owns 27,130 shares of the company’s stock valued at $42,000 after purchasing an additional 10,722 shares during the period. Finally, Delta Financial Group Inc. boosted its position in shares of CuriosityStream by 17.7% in the 4th 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. Institutional investors and hedge funds own 6.79% of the company’s stock.

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.