Insider Buying: CuriosityStream Inc. (NASDAQ:CURI) CEO Purchases 17,877 Shares of Stock

CuriosityStream Inc. (NASDAQ:CURI) CEO Clinton Larry Stinchcomb purchased 17,877 shares of CuriosityStream stock in a transaction on Thursday, December 12th. The shares were acquired at an average price of $1.68 per share, for a total transaction of $30,033.36. Following the completion of the transaction, the chief executive officer now directly owns 2,155,306 shares of the company’s stock, valued at approximately $3,620,914.08. The trade was a 0.84 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink.

CuriosityStream Trading Up 3.1 %

CURI opened at $1.67 on Wednesday. CuriosityStream Inc. has a 12 month low of $0.45 and a 12 month high of $3.00. The business’s 50-day moving average price is $2.00 and its 200-day moving average price is $1.57. The company has a market cap of $92.65 million, a P/E ratio of -5.96 and a beta of 1.07.

CuriosityStream (NASDAQ:CURI) last announced its quarterly earnings results on Wednesday, November 6th. The company reported ($0.06) EPS for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.05). The company had revenue of $12.60 million during the quarter, compared to analysts’ expectations of $13.80 million. CuriosityStream had a negative return on equity of 22.18% and a negative net margin of 28.56%. During the same period last year, the firm earned ($0.14) earnings per share. Equities research analysts forecast that CuriosityStream Inc. will post -0.2 earnings per share for the current fiscal year.

CuriosityStream Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be issued a $0.025 dividend. This represents a $0.10 dividend on an annualized basis and a yield of 5.99%. The ex-dividend date of this dividend is Friday, March 14th. CuriosityStream’s dividend payout ratio (DPR) is presently -35.71%.

Analysts Set New Price Targets

Separately, Needham & Company LLC upped their price objective on shares of CuriosityStream from $1.35 to $3.00 and gave the company a “buy” rating in a research note on Thursday, November 7th.

Hedge Funds Weigh In On CuriosityStream

A number of hedge funds have recently modified their holdings of the company. Virtu Financial LLC grew its stake in shares of CuriosityStream by 115.5% in the third quarter. Virtu Financial LLC now owns 27,812 shares of the company’s stock worth $53,000 after purchasing an additional 14,905 shares during the last quarter. Geode Capital Management LLC grew its position in shares of CuriosityStream by 21.2% in the 3rd quarter. Geode Capital Management LLC now owns 322,946 shares of the company’s stock worth $617,000 after buying an additional 56,402 shares during the last quarter. CWM LLC increased its stake in shares of CuriosityStream by 310.7% during the third quarter. CWM LLC now owns 297,656 shares of the company’s stock valued at $569,000 after buying an additional 225,188 shares during the period. Delta Financial Group Inc. raised its holdings in shares of CuriosityStream by 26.4% during the third quarter. Delta Financial Group Inc. now owns 57,405 shares of the company’s stock valued at $110,000 after acquiring an additional 12,000 shares in the last quarter. Finally, Renaissance Technologies LLC raised its holdings in shares of CuriosityStream by 28.9% during the second quarter. Renaissance Technologies LLC now owns 402,126 shares of the company’s stock valued at $458,000 after acquiring an additional 90,126 shares in the last quarter. Hedge funds and other institutional investors own 6.79% of the company’s stock.

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.