CuriosityStream (NASDAQ:CURI) CFO Phillip Brady Hayden Sells 30,400 Shares

CuriosityStream Inc. (NASDAQ:CURI) CFO Phillip Brady Hayden sold 30,400 shares of the company’s stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $2.56, for a total transaction of $77,824.00. Following the completion of the transaction, the chief financial officer owned 71,267 shares in the company, valued at approximately $182,443.52. This represents a 29.90% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

CuriosityStream Stock Performance

Shares of CURI stock opened at $2.56 on Wednesday. The firm’s 50 day moving average price is $3.01 and its 200-day moving average price is $3.41. CuriosityStream Inc. has a one year low of $2.30 and a one year high of $5.88. The firm 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 issued its quarterly earnings data on Thursday, May 14th. The company reported ($0.02) EPS for the quarter, hitting 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 firm had revenue of $15.16 million for the quarter, compared to analyst estimates of $16.79 million. As a group, research analysts predict that CuriosityStream Inc. will post 0.07 EPS for the current fiscal year.

CuriosityStream Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 19th. Stockholders of record on Friday, June 5th will be issued a $0.085 dividend. The ex-dividend date is Friday, June 5th. This represents a $0.34 annualized dividend and a dividend yield of 13.3%. This is an increase from CuriosityStream’s previous quarterly dividend of $0.08. CuriosityStream’s dividend payout ratio (DPR) is currently -261.54%.

Institutional Investors Weigh In On CuriosityStream

A number of hedge funds have recently added to or reduced their stakes in the business. Renaissance Technologies LLC lifted its holdings in CuriosityStream by 30.1% during 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 in the last quarter. Sei Investments Co. lifted its holdings in CuriosityStream by 139.1% during the 1st quarter. Sei Investments Co. now owns 232,371 shares of the company’s stock worth $688,000 after buying an additional 135,173 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of CuriosityStream by 117.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 233,340 shares of the company’s stock valued at $690,000 after purchasing an additional 125,794 shares during the last quarter. Bank of New York Mellon Corp increased its position in shares of CuriosityStream by 6.0% in the 1st quarter. Bank of New York Mellon Corp now owns 446,617 shares of the company’s stock valued at $1,322,000 after purchasing an additional 25,366 shares during the last quarter. Finally, Diversify Wealth Management LLC purchased a new stake in shares of CuriosityStream in the 1st quarter valued at approximately $53,000. 6.79% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

CURI has been the topic of several recent analyst reports. Singular Research upgraded shares of CuriosityStream to a “strong-buy” rating in a report on Monday, June 1st. Weiss Ratings reiterated a “hold (c-)” rating on shares of CuriosityStream in a report on Tuesday, June 9th. Finally, Barrington Research reduced their target price 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. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $6.00.

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.