CuriosityStream Inc. (NASDAQ:CURI) Short Interest Update

CuriosityStream Inc. (NASDAQ:CURI) was the target of a significant decline in short interest during the month of September. As of September 15th, there was short interest totalling 410,600 shares, a decline of 5.2% from the August 31st total of 433,300 shares. Based on an average daily trading volume, of 197,000 shares, the days-to-cover ratio is presently 2.1 days. Currently, 1.4% of the company’s stock are short sold.

Analyst Upgrades and Downgrades

Separately, Needham & Company LLC reiterated a “buy” rating and set a $1.35 price objective on shares of CuriosityStream in a research note on Wednesday, August 14th.

CuriosityStream Stock Down 2.1 %

CURI stock traded down $0.04 during midday trading on Monday, hitting $1.91. The company’s stock had a trading volume of 189,250 shares, compared to its average volume of 424,245. The firm has a market capitalization of $102.37 million, a price-to-earnings ratio of -2.25 and a beta of 1.18. CuriosityStream has a 12 month low of $0.45 and a 12 month high of $2.17. The company has a 50 day moving average of $1.42 and a two-hundred day moving average of $1.19.

CuriosityStream (NASDAQ:CURI) last issued its quarterly earnings data on Tuesday, August 13th. The company reported ($0.04) EPS for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.01. The business had revenue of $12.40 million during the quarter, compared to analysts’ expectations of $12.30 million. CuriosityStream had a negative net margin of 69.87% and a negative return on equity of 27.47%. During the same period last year, the company posted ($0.19) EPS. On average, analysts anticipate that CuriosityStream will post -0.15 earnings per share for the current fiscal year.

CuriosityStream Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Saturday, October 12th will be paid a $0.025 dividend. This represents a $0.10 annualized dividend and a dividend yield of 5.24%. The ex-dividend date of this dividend is Friday, October 11th. CuriosityStream’s dividend payout ratio is currently -11.49%.

CuriosityStream announced that its Board of Directors has initiated a share buyback program on Tuesday, June 11th that allows the company to buyback $4.00 million in shares. This buyback authorization allows the company to repurchase up to 4.6% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board believes its shares are undervalued.

Insiders Place Their Bets

In other news, Director Jonathan Huberman sold 120,861 shares of the stock in a transaction that occurred on Wednesday, August 28th. The shares were sold at an average price of $1.47, for a total transaction of $177,665.67. Following the sale, the director now owns 1,433,576 shares in the company, valued at $2,107,356.72. The transaction was disclosed in a filing with the SEC, which is available at this link. In other CuriosityStream news, Director Jonathan Huberman sold 120,861 shares of the business’s stock in a transaction on Wednesday, August 28th. The shares were sold at an average price of $1.47, for a total transaction of $177,665.67. Following the completion of the sale, the director now directly owns 1,433,576 shares in the company, valued at approximately $2,107,356.72. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Michael Nikzad sold 58,896 shares of the stock in a transaction on Monday, August 19th. The shares were sold at an average price of $1.12, for a total value of $65,963.52. Following the transaction, the director now directly owns 372,369 shares in the company, valued at $417,053.28. The disclosure for this sale can be found here. Over the last three months, insiders have sold 283,673 shares of company stock valued at $379,977. 49.60% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in CURI. Acadian Asset Management LLC bought a new stake in CuriosityStream during the 2nd quarter valued at $27,000. CWM LLC raised its holdings in shares of CuriosityStream by 6,399.4% in the second quarter. CWM LLC now owns 72,468 shares of the company’s stock valued at $83,000 after acquiring an additional 71,353 shares in the last quarter. Virtu Financial LLC lifted its stake in CuriosityStream by 782.8% in the first quarter. Virtu Financial LLC now owns 151,267 shares of the company’s stock worth $162,000 after acquiring an additional 134,132 shares during the period. Oldfield Partners LLP bought a new position in CuriosityStream during the 2nd quarter worth about $417,000. Finally, Renaissance Technologies LLC increased its position in CuriosityStream by 28.9% during the 2nd quarter. Renaissance Technologies LLC now owns 402,126 shares of the company’s stock valued at $458,000 after purchasing an additional 90,126 shares during the period. 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.