CuriosityStream (NASDAQ:CURI) Upgraded at Zacks Research

Zacks Research upgraded shares of CuriosityStream (NASDAQ:CURI) from a strong sell rating to a hold rating in a research note released on Tuesday,Zacks.com reports.

A number of other equities analysts also recently commented on CURI. Wall Street Zen upgraded CuriosityStream from a “hold” rating to a “buy” rating in a report on Saturday, November 8th. Barrington Research reissued an “outperform” rating and set a $6.00 target price on shares of CuriosityStream in a research report on Thursday, November 13th. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of CuriosityStream in a research report on Monday, December 29th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $6.33.

CuriosityStream Stock Down 2.5%

Shares of NASDAQ CURI opened at $3.10 on Tuesday. The stock has a market capitalization of $180.73 million, a PE ratio of -34.44 and a beta of 1.84. The firm has a fifty day moving average of $3.81 and a 200-day moving average of $4.31. CuriosityStream has a 52-week low of $2.06 and a 52-week high of $7.15.

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

CuriosityStream Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 20th. Investors of record on Friday, March 6th will be given a dividend of $0.08 per share. The ex-dividend date of this dividend is Friday, March 6th. This represents a $0.32 annualized dividend and a yield of 10.3%. CuriosityStream’s payout ratio is -355.56%.

Insider Buying and Selling

In other CuriosityStream news, COO Theresa Ellen Cudahy sold 10,200 shares of the stock in a transaction that occurred on Thursday, November 20th. The shares were sold at an average price of $4.98, for a total value of $50,796.00. Following the completion of the sale, the chief operating officer owned 514,648 shares of the company’s stock, valued at $2,562,947.04. This trade represents a 1.94% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Clinton Larry Stinchcomb sold 141,206 shares of the business’s stock in a transaction on Monday, November 24th. The stock was sold at an average price of $4.65, for a total transaction of $656,607.90. Following the transaction, the chief executive officer directly owned 2,517,998 shares in the company, valued at approximately $11,708,690.70. The trade was a 5.31% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 362,885 shares of company stock worth $1,693,397 in the last 90 days. 52.00% of the stock is owned by insiders.

Hedge Funds Weigh In On CuriosityStream

A number of institutional investors have recently added to or reduced their stakes in the company. MetLife Investment Management LLC grew its stake in shares of CuriosityStream by 17.7% during the fourth quarter. MetLife Investment Management LLC now owns 24,630 shares of the company’s stock valued at $94,000 after acquiring an additional 3,704 shares in the last quarter. Renaissance Technologies LLC lifted its stake in shares of CuriosityStream by 31.0% in the fourth quarter. Renaissance Technologies LLC now owns 1,359,900 shares of the company’s stock worth $5,168,000 after acquiring an additional 321,700 shares in the last quarter. Goldman Sachs Group Inc. boosted its holdings in CuriosityStream by 45.6% in the fourth quarter. Goldman Sachs Group Inc. now owns 560,184 shares of the company’s stock valued at $2,129,000 after purchasing an additional 175,500 shares during the last quarter. Geode Capital Management LLC grew its stake in CuriosityStream by 15.5% during the 4th quarter. Geode Capital Management LLC now owns 865,056 shares of the company’s stock valued at $3,288,000 after purchasing an additional 116,005 shares in the last quarter. Finally, Legato Capital Management LLC increased its holdings in CuriosityStream by 9.7% during the 4th quarter. Legato Capital Management LLC now owns 197,261 shares of the company’s stock worth $750,000 after purchasing an additional 17,423 shares during the last quarter. Institutional investors and hedge funds 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.