Brokerages Set CuriosityStream Inc. (NASDAQ:CURI) Target Price at $6.33

CuriosityStream Inc. (NASDAQ:CURI) has received an average rating of “Moderate Buy” from the six analysts that are covering the firm, 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 12 month price target among brokers that have issued ratings on the stock in the last year is $6.3333.

CURI has been the topic of a number of recent research reports. Weiss Ratings reiterated a “sell (d+)” rating on shares of CuriosityStream in a research report on Monday, December 29th. Zacks Research raised CuriosityStream from a “strong sell” rating to a “hold” rating in a research note on Tuesday, February 10th. Wall Street Zen upgraded CuriosityStream from a “hold” rating to a “buy” rating in a report on Saturday, November 8th. Finally, Barrington Research reissued an “outperform” rating and set a $6.00 price objective on shares of CuriosityStream in a report on Thursday, November 13th.

CuriosityStream Price Performance

CURI opened at $3.44 on Monday. The stock has a market capitalization of $200.55 million, a P/E ratio of -38.22 and a beta of 1.85. The company’s 50 day simple moving average is $3.51 and its 200-day simple moving average is $4.20. CuriosityStream has a one year low of $2.06 and a one year high of $7.15.

CuriosityStream Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 20th. Investors of record on Friday, March 6th will be paid a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 9.3%. The ex-dividend date of this dividend is Friday, March 6th. CuriosityStream’s payout ratio is -355.56%.

Insiders Place Their Bets

In related news, CFO Phillip Brady Hayden sold 17,474 shares of the stock in a transaction that occurred on Friday, January 2nd. The shares were sold at an average price of $3.76, for a total value of $65,702.24. Following the transaction, the chief financial officer directly owned 101,667 shares in the company, valued at $382,267.92. This represents a 14.67% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 52.00% of the stock is owned by corporate insiders.

Institutional Trading of CuriosityStream

Several institutional investors and hedge funds have recently made changes to their positions in the business. Schonfeld Strategic Advisors LLC boosted its position in shares of CuriosityStream by 30.8% in the 4th 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 during the last quarter. MetLife Investment Management LLC lifted its stake in CuriosityStream by 17.7% in the fourth quarter. MetLife Investment Management LLC now owns 24,630 shares of the company’s stock valued at $94,000 after buying an additional 3,704 shares during the period. Hillsdale Investment Management Inc. boosted its holdings in CuriosityStream by 7.8% during the third quarter. Hillsdale Investment Management Inc. now owns 65,771 shares of the company’s stock worth $349,000 after buying an additional 4,750 shares during the last quarter. Wealthcare Advisory Partners LLC boosted its holdings in CuriosityStream by 41.5% during the fourth quarter. Wealthcare Advisory Partners LLC now owns 17,194 shares of the company’s stock worth $65,000 after buying an additional 5,039 shares during the last quarter. Finally, R Squared Ltd grew its position in shares of CuriosityStream by 36.1% during the 4th quarter. R Squared Ltd now owns 20,245 shares of the company’s stock worth $77,000 after buying an additional 5,365 shares during the period. 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.