Clinton Larry Stinchcomb Purchases 30,000 Shares of CuriosityStream (NASDAQ:CURI) Stock

CuriosityStream Inc. (NASDAQ:CURI) CEO Clinton Larry Stinchcomb acquired 30,000 shares of the business’s stock in a transaction on Thursday, August 27th. The stock was acquired at an average price of $2.55 per share, for a total transaction of $76,500.00. Following the acquisition, the chief executive officer owned 3,001,260 shares of the company’s stock, valued at approximately $7,653,213. This trade represents a 1.01% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Clinton Larry Stinchcomb also recently made the following trade(s):

• On Friday, August 28th, Clinton Larry Stinchcomb bought 20,000 shares of CuriosityStream stock. The shares were acquired at an average cost of $2.60 per share, with a total value of $52,000.00.

CuriosityStream Stock Performance

CURI stock opened at $2.79 on Wednesday. The firm has a 50 day moving average price of $2.71 and a 200-day moving average price of $2.94. CuriosityStream Inc. has a 52-week low of $2.30 and a 52-week high of $5.51. The firm has a market capitalization of $165.56 million, a price-to-earnings ratio of 279.00 and a beta of 1.76.

CuriosityStream (NASDAQ:CURI) last posted its quarterly earnings results on Wednesday, August 12th. The company reported $0.15 earnings per share for the quarter, topping 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 company had revenue of $23.25 million for the quarter, compared to the consensus estimate of $21.32 million. As a group, sell-side analysts forecast that CuriosityStream Inc. will post 0.2 earnings per share for the current fiscal year.

CuriosityStream Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 18th. Shareholders of record on Friday, September 4th will be issued a $0.085 dividend. This represents a $0.34 annualized dividend and a yield of 12.2%. The ex-dividend date of this dividend is Friday, September 4th. CuriosityStream’s payout ratio is 3,400.00%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Wall Street Zen raised CuriosityStream from a “hold” rating to a “buy” rating in a research report on Saturday, August 15th. Singular Research raised shares of CuriosityStream to a “strong-buy” rating in a research report on Monday, June 1st. Zacks Research upgraded shares of CuriosityStream from a “hold” rating to a “strong-buy” rating in a research note on Thursday, August 13th. Barrington Research decreased their target price on shares of CuriosityStream from $5.50 to $5.00 and set an “outperform” rating for the company in a report on Friday, May 15th. Finally, Weiss Ratings upgraded shares of CuriosityStream from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, August 14th. Two investment analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $5.50.

Institutional Investors Weigh In On CuriosityStream

A number of large investors have recently added to or reduced their stakes in CURI. Vanguard Group Inc. raised its stake in CuriosityStream by 16.1% during the 3rd quarter. Vanguard Group Inc. now owns 1,978,190 shares of the company’s stock valued at $10,484,000 after buying an additional 274,233 shares during the last quarter. Renaissance Technologies LLC boosted its stake in shares of CuriosityStream by 30.1% in the 1st quarter. Renaissance Technologies LLC now owns 1,768,800 shares of the company’s stock worth $5,236,000 after buying an additional 408,900 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of CuriosityStream by 15.5% in the fourth quarter. Geode Capital Management LLC now owns 865,056 shares of the company’s stock worth $3,288,000 after acquiring an additional 116,005 shares during the period. State Street Corp grew its holdings in shares of CuriosityStream by 8.0% in the fourth quarter. State Street Corp now owns 714,082 shares of the company’s stock worth $2,714,000 after acquiring an additional 52,923 shares during the period. Finally, Millennium Management LLC increased its position in CuriosityStream by 234.5% during the fourth quarter. Millennium Management LLC now owns 688,041 shares of the company’s stock valued at $2,615,000 after acquiring an additional 482,360 shares during the last quarter. Institutional investors own 6.79% of the company’s stock.

About CuriosityStream

CuriosityStream, Inc (NASDAQ: CURI) is a global streaming media company specializing in factual content across science, nature, history and technology. Founded in 2015 by John Hendricks, the founder of the Discovery Channel, CuriosityStream offers on-demand documentaries, series and short-form programming designed to inform and entertain viewers with high-quality educational content. The company’s library features both original productions and licensed titles, covering topics such as space exploration, wildlife conservation, archaeology and cutting-edge scientific research.

Since its launch, CuriosityStream has expanded its reach to subscribers in more than 175 countries, delivering content in multiple languages and via a range of platforms.