FY2024 EPS Estimates for CuriosityStream Lowered by Analyst

CuriosityStream Inc. (NASDAQ:CURI) – Equities research analysts at Barrington Research reduced their FY2024 earnings estimates for shares of CuriosityStream in a report released on Thursday, November 7th. Barrington Research analyst J. Goss now forecasts that the company will post earnings of ($0.20) per share for the year, down from their previous forecast of ($0.15). The consensus estimate for CuriosityStream’s current full-year earnings is ($0.20) per share. Barrington Research also issued estimates for CuriosityStream’s Q4 2024 earnings at ($0.02) EPS, Q2 2025 earnings at ($0.02) EPS, Q3 2025 earnings at ($0.02) EPS, Q4 2025 earnings at $0.00 EPS, FY2025 earnings at ($0.03) EPS and FY2026 earnings at $0.00 EPS.

CuriosityStream (NASDAQ:CURI) last released its earnings results on Wednesday, November 6th. The company reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by ($0.05). CuriosityStream had a negative return on equity of 21.70% and a negative net margin of 28.56%. The company had revenue of $12.60 million for the quarter, compared to the consensus estimate of $13.80 million. During the same quarter in the previous year, the company posted ($0.14) EPS.

Separately, Needham & Company LLC upped their price target on shares of CuriosityStream from $1.35 to $3.00 and gave the company a “buy” rating in a research note on Thursday.

CuriosityStream Price Performance

Shares of CURI opened at $1.97 on Monday. The company’s 50-day moving average is $2.06 and its 200-day moving average is $1.46. The firm has a market capitalization of $107.56 million, a PE ratio of -7.04 and a beta of 1.15. CuriosityStream has a fifty-two week low of $0.45 and a fifty-two week high of $3.00.

CuriosityStream Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be paid a $0.025 dividend. The ex-dividend date is Friday, March 14th. This represents a $0.10 annualized dividend and a yield of 5.08%. CuriosityStream’s dividend payout ratio (DPR) is presently -35.71%.

Insider Buying and Selling at CuriosityStream

In other news, Director Michael Nikzad sold 32,226 shares of CuriosityStream stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of $1.20, for a total transaction of $38,671.20. Following the completion of the sale, the director now owns 217,774 shares of the company’s stock, valued at approximately $261,328.80. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, Director Jonathan Huberman sold 120,861 shares of the stock in a transaction that occurred on Wednesday, August 28th. The stock was sold at an average price of $1.47, for a total transaction of $177,665.67. Following the sale, the director now owns 1,433,576 shares of the company’s stock, valued at $2,107,356.72. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Michael Nikzad sold 32,226 shares of CuriosityStream stock in a transaction on Thursday, August 22nd. The shares were sold at an average price of $1.20, for a total value of $38,671.20. Following the completion of the transaction, the director now directly owns 217,774 shares of the company’s stock, valued at $261,328.80. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 283,673 shares of company stock valued at $379,977 in the last ninety days. 49.60% of the stock is currently owned by corporate insiders.

Institutional Trading of CuriosityStream

Several large investors have recently modified their holdings of CURI. Acadian Asset Management LLC bought a new stake in CuriosityStream during the second quarter worth about $27,000. CWM LLC boosted its position in shares of CuriosityStream by 6,399.4% during the 2nd quarter. CWM LLC now owns 72,468 shares of the company’s stock worth $83,000 after acquiring an additional 71,353 shares in the last quarter. Delta Financial Group Inc. boosted its position in shares of CuriosityStream by 26.4% during the 3rd quarter. Delta Financial Group Inc. now owns 57,405 shares of the company’s stock worth $110,000 after acquiring an additional 12,000 shares in the last quarter. Virtu Financial LLC increased its stake in CuriosityStream by 782.8% in the first quarter. Virtu Financial LLC now owns 151,267 shares of the company’s stock valued at $162,000 after acquiring an additional 134,132 shares during the last quarter. Finally, Oldfield Partners LLP acquired a new position in CuriosityStream during the second quarter valued at approximately $417,000. 6.79% of the stock is owned by institutional investors and hedge funds.

About CuriosityStream

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.