CuriosityStream (NASDAQ:CURI) CEO Clinton Larry Stinchcomb Purchases 20,000 Shares

CuriosityStream Inc. (NASDAQ:CURI) CEO Clinton Larry Stinchcomb purchased 20,000 shares of the company’s stock in a transaction on Friday, August 28th. The stock was acquired at an average price of $2.60 per share, with a total value of $52,000.00. Following the purchase, the chief executive officer owned 3,021,260 shares of the company’s stock, valued at approximately $7,855,276. This represents a 0.67% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

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

• On Thursday, August 27th, Clinton Larry Stinchcomb purchased 30,000 shares of CuriosityStream stock. The stock was bought at an average cost of $2.55 per share, for a total transaction of $76,500.00.

CuriosityStream Stock Performance

Shares of CuriosityStream stock opened at $2.79 on Wednesday. The business has a 50-day simple moving average of $2.71 and a 200-day simple moving average of $2.94. CuriosityStream Inc. has a one year low of $2.30 and a one year high of $5.51. The company has a market cap of $165.56 million, a PE ratio of 279.00 and a beta of 1.76.

CuriosityStream (NASDAQ:CURI) last issued its quarterly earnings results on Wednesday, August 12th. The company reported $0.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.04 by $0.11. CuriosityStream had a net margin of 0.03% and a return on equity of 0.06%. The company had revenue of $23.25 million during the quarter, compared to the consensus estimate of $21.32 million. On average, sell-side analysts predict that CuriosityStream Inc. will post 0.2 earnings per share for the current fiscal year.

CuriosityStream Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 18th. Investors of record on Friday, September 4th will be paid a dividend of $0.085 per share. The ex-dividend date is Friday, September 4th. This represents a $0.34 dividend on an annualized basis and a dividend yield of 12.2%. CuriosityStream’s payout ratio is presently 3,400.00%.

Analyst Ratings Changes

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

Hedge Funds Weigh In On CuriosityStream

Several hedge funds have recently made changes to their positions in the company. Schonfeld Strategic Advisors LLC increased its position in shares of CuriosityStream by 30.8% during the fourth quarter. Schonfeld Strategic Advisors LLC now owns 13,235 shares of the company’s stock worth $50,000 after purchasing an additional 3,115 shares in the last quarter. MetLife Investment Management LLC boosted its position in shares of CuriosityStream by 17.7% in the 4th quarter. MetLife Investment Management LLC now owns 24,630 shares of the company’s stock valued at $94,000 after purchasing an additional 3,704 shares during the period. Invesco Ltd. grew its stake in CuriosityStream by 31.9% during the 4th quarter. Invesco Ltd. now owns 27,799 shares of the company’s stock worth $106,000 after buying an additional 6,728 shares during the last quarter. Bank of America Corp DE grew its stake in CuriosityStream by 36.6% during the 3rd quarter. Bank of America Corp DE now owns 26,920 shares of the company’s stock worth $143,000 after buying an additional 7,206 shares during the last quarter. Finally, Quarry LP acquired a new position in CuriosityStream during the third quarter worth approximately $45,000. Hedge funds and other institutional investors own 6.79% of the company’s stock.

CuriosityStream Company Profile

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.