CuriosityStream Inc. (NASDAQ:CURI) Receives $6.17 Consensus Target Price from Analysts

Shares of CuriosityStream Inc. (NASDAQ:CURI) have been given a consensus rating of “Moderate Buy” by the six brokerages that are presently covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation, three have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $6.1667.

A number of equities analysts have recently commented on the stock. Zacks Research raised shares of CuriosityStream from a “strong sell” rating to a “hold” rating in a report on Tuesday, February 10th. Weiss Ratings raised shares of CuriosityStream from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday, March 13th. Finally, Barrington Research dropped their price target on shares of CuriosityStream from $6.00 to $5.50 and set an “outperform” rating for the company in a research report on Thursday, March 12th.

CuriosityStream Stock Performance

Shares of NASDAQ CURI opened at $2.85 on Friday. The business has a fifty day simple moving average of $3.35 and a 200 day simple moving average of $4.05. The firm has a market capitalization of $168.06 million, a price-to-earnings ratio of -28.50 and a beta of 1.85. CuriosityStream has a one year low of $2.30 and a one year high of $7.15.

CuriosityStream (NASDAQ:CURI) last issued its earnings results on Wednesday, March 11th. The company reported ($0.06) EPS for the quarter, missing the consensus estimate of ($0.04) by ($0.02). The firm had revenue of $19.20 million during the quarter, compared to the consensus estimate of $18.91 million. CuriosityStream had a negative return on equity of 13.07% and a negative net margin of 8.97%. On average, research analysts anticipate that CuriosityStream will post -0.2 earnings per share for the current fiscal year.

CuriosityStream Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 20th. Stockholders of record on Friday, March 6th were paid a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 11.2%. The ex-dividend date was Friday, March 6th. CuriosityStream’s dividend payout ratio is currently -320.00%.

Insider Activity

In related news, CFO Phillip Brady Hayden sold 17,474 shares of the firm’s stock in a transaction that occurred on Friday, January 2nd. The stock was sold at an average price of $3.76, for a total transaction of $65,702.24. Following the completion of the transaction, the chief financial officer owned 101,667 shares in the company, valued at $382,267.92. This trade represents a 14.67% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 52.00% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. Cubist Systematic Strategies LLC lifted its holdings in shares of CuriosityStream by 101.7% during the first quarter. Cubist Systematic Strategies LLC now owns 54,712 shares of the company’s stock valued at $147,000 after acquiring an additional 27,582 shares during the period. Goldman Sachs Group Inc. grew its holdings in shares of CuriosityStream by 657.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 125,743 shares of the company’s stock worth $337,000 after purchasing an additional 109,138 shares during the last quarter. Jane Street Group LLC bought a new stake in shares of CuriosityStream in the 1st quarter worth about $486,000. Acadian Asset Management LLC increased its position in shares of CuriosityStream by 121.8% during the 1st quarter. Acadian Asset Management LLC now owns 198,278 shares of the company’s stock worth $529,000 after purchasing an additional 108,891 shares in the last quarter. Finally, Geode Capital Management LLC increased its position in shares of CuriosityStream by 112.9% during the 2nd quarter. Geode Capital Management LLC now owns 727,103 shares of the company’s stock worth $4,094,000 after purchasing an additional 385,534 shares in the last quarter. 6.79% of the stock is currently owned by institutional investors and hedge funds.

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.