CuriosityStream Inc. (NASDAQ:CURI) Receives $6.33 Average Target Price from Analysts

Shares of CuriosityStream Inc. (NASDAQ:CURI) have been assigned an average recommendation of “Moderate Buy” from the six research firms that are currently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation, three have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $6.3333.

A number of analysts have recently issued reports on the stock. Zacks Research upgraded shares of CuriosityStream from a “strong sell” rating to a “hold” rating in a research note on Thursday, December 11th. Needham & Company LLC boosted their price objective on CuriosityStream from $5.50 to $6.00 and gave the stock a “buy” rating in a report on Thursday, September 25th. Wall Street Zen upgraded CuriosityStream from a “hold” rating to a “buy” rating in a research note on Saturday, November 8th. Weiss Ratings reiterated a “sell (d+)” rating on shares of CuriosityStream in a research report on Monday, December 29th. Finally, Barrington Research reaffirmed an “outperform” rating and set a $6.00 price target on shares of CuriosityStream in a research report on Thursday, November 13th.

Insider Buying and Selling

In related news, CFO Phillip Brady Hayden sold 17,474 shares of the business’s stock in a transaction dated Friday, January 2nd. The stock was sold at an average price of $3.76, for a total value of $65,702.24. Following the completion of the transaction, the chief financial officer owned 101,667 shares of the company’s stock, valued at $382,267.92. The trade was a 14.67% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Clinton Larry Stinchcomb sold 100,000 shares of the firm’s stock in a transaction dated Tuesday, November 25th. The shares were sold at an average price of $4.62, for a total transaction of $462,000.00. Following the completion of the transaction, the chief executive officer directly owned 2,417,998 shares in the company, valued at approximately $11,171,150.76. This represents a 3.97% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 377,729 shares of company stock valued at $1,767,506. Company insiders own 52.00% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in CURI. JPMorgan Chase & Co. lifted its position in shares of CuriosityStream by 352.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 68,638 shares of the company’s stock worth $364,000 after buying an additional 53,470 shares during the last quarter. Jacobs Levy Equity Management Inc. acquired a new stake in shares of CuriosityStream in the 3rd quarter valued at approximately $797,000. NewEdge Advisors LLC bought a new stake in shares of CuriosityStream during the 3rd quarter valued at approximately $83,000. PharVision Advisers LLC bought a new stake in shares of CuriosityStream during the 3rd quarter valued at approximately $249,000. Finally, Sherbrooke Park Advisers LLC acquired a new position in CuriosityStream during the 3rd quarter worth approximately $67,000. 6.79% of the stock is currently owned by institutional investors and hedge funds.

CuriosityStream Trading Up 0.5%

NASDAQ:CURI opened at $3.66 on Friday. The firm has a fifty day simple moving average of $4.18 and a 200 day simple moving average of $4.48. CuriosityStream has a 1-year low of $1.60 and a 1-year high of $7.15. The stock has a market capitalization of $213.38 million, a PE ratio of -40.66 and a beta of 1.78.

CuriosityStream (NASDAQ:CURI) last issued its earnings results on Wednesday, November 12th. The company reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.04). The firm had revenue of $18.36 million during the quarter, compared to analyst estimates of $16.35 million. CuriosityStream had a negative net margin of 8.19% and a negative return on equity of 10.24%. On average, equities analysts predict that CuriosityStream will post -0.2 earnings per share for the current fiscal year.

CuriosityStream Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, December 19th. Investors of record on Friday, December 5th were paid a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 8.7%. The ex-dividend date was Friday, December 5th. CuriosityStream’s payout ratio is -355.56%.

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.