CuriosityStream (NASDAQ:CURI) Director Patrick Keeley Sells 31,559 Shares of Stock

CuriosityStream Inc. (NASDAQ:CURI) Director Patrick Keeley sold 31,559 shares of CuriosityStream stock in a transaction on Friday, June 12th. The shares were sold at an average price of $2.70, for a total transaction of $85,209.30. Following the completion of the sale, the director directly owned 188,450 shares of the company’s stock, valued at approximately $508,815. The trade was a 14.34% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

CuriosityStream Trading Up 0.4%

NASDAQ CURI opened at $2.56 on Wednesday. The company has a fifty day simple moving average of $3.01 and a 200 day simple moving average of $3.41. CuriosityStream Inc. has a 12-month low of $2.30 and a 12-month high of $5.88. The company has a market cap of $150.96 million, a P/E ratio of -19.69 and a beta of 1.75.

CuriosityStream (NASDAQ:CURI) last posted its quarterly earnings results on Thursday, May 14th. The company reported ($0.02) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.02). CuriosityStream had a negative net margin of 11.26% and a negative return on equity of 18.46%. The business had revenue of $15.16 million during the quarter, compared to the consensus estimate of $16.79 million. Sell-side analysts predict that CuriosityStream Inc. will post 0.07 EPS for the current year.

CuriosityStream Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 19th. Investors of record on Friday, June 5th will be given a $0.085 dividend. This represents a $0.34 annualized dividend and a yield of 13.3%. The ex-dividend date of this dividend is Friday, June 5th. This is an increase from CuriosityStream’s previous quarterly dividend of $0.08. CuriosityStream’s payout ratio is -261.54%.

Wall Street Analyst Weigh In

A number of research firms have issued reports on CURI. Singular Research raised shares of CuriosityStream to a “strong-buy” rating in a report on Monday, June 1st. Barrington Research cut their price objective on shares of CuriosityStream from $5.50 to $5.00 and set an “outperform” rating on the stock in a report on Friday, May 15th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of CuriosityStream in a research note on Tuesday, June 9th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, CuriosityStream currently has an average rating of “Moderate Buy” and a consensus target price of $6.00.

Hedge Funds Weigh In On CuriosityStream

Several large investors have recently modified their holdings of the business. Schonfeld Strategic Advisors LLC increased its stake in shares of CuriosityStream by 30.8% in 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 increased its stake in shares of CuriosityStream by 17.7% in the fourth quarter. MetLife Investment Management LLC now owns 24,630 shares of the company’s stock worth $94,000 after purchasing an additional 3,704 shares in the last quarter. Hillsdale Investment Management Inc. increased its stake in shares of CuriosityStream by 7.8% in the third quarter. Hillsdale Investment Management Inc. now owns 65,771 shares of the company’s stock worth $349,000 after purchasing an additional 4,750 shares in the last quarter. Wealthcare Advisory Partners LLC increased its stake in shares of CuriosityStream by 41.5% in the fourth quarter. Wealthcare Advisory Partners LLC now owns 17,194 shares of the company’s stock worth $65,000 after purchasing an additional 5,039 shares in the last quarter. Finally, R Squared Ltd increased its stake in shares of CuriosityStream by 36.1% in the fourth quarter. R Squared Ltd now owns 20,245 shares of the company’s stock worth $77,000 after purchasing an additional 5,365 shares in the last quarter. Hedge funds and other 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.