CuriosityStream (NASDAQ:CURI) Trading Down 2.7% – What’s Next?

CuriosityStream Inc. (NASDAQ:CURI)’s stock price fell 2.7% on Thursday . The stock traded as low as $1.71 and last traded at $1.78. 294,660 shares were traded during mid-day trading, a decline of 25% from the average session volume of 395,509 shares. The stock had previously closed at $1.83.

Analyst Upgrades and Downgrades

Separately, Needham & Company LLC boosted their price target on shares of CuriosityStream from $1.35 to $3.00 and gave the stock a “buy” rating in a report on Thursday, November 7th.

CuriosityStream Price Performance

The company has a market capitalization of $98.75 million, a price-to-earnings ratio of -6.36 and a beta of 1.07. The stock has a 50 day simple moving average of $2.04 and a two-hundred day simple moving average of $1.53.

CuriosityStream (NASDAQ:CURI) last issued its earnings results on Wednesday, November 6th. The company reported ($0.06) earnings per share for the quarter, missing the consensus estimate of ($0.01) by ($0.05). The business had revenue of $12.60 million for the quarter, compared to analyst estimates 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 business posted ($0.14) EPS. Equities research analysts predict that CuriosityStream Inc. will post -0.2 EPS for the current year.

CuriosityStream Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be issued a $0.025 dividend. This represents a $0.10 annualized dividend and a dividend yield of 5.62%. The ex-dividend date of this dividend is Friday, March 14th. CuriosityStream’s payout ratio is -35.71%.

Institutional Investors Weigh In On CuriosityStream

A number of institutional investors and hedge funds have recently bought and sold shares of CURI. Renaissance Technologies LLC grew its position in CuriosityStream by 28.9% during the 2nd quarter. Renaissance Technologies LLC now owns 402,126 shares of the company’s stock worth $458,000 after purchasing an additional 90,126 shares during the last quarter. Oldfield Partners LLP acquired a new position in CuriosityStream in the 2nd quarter valued at about $417,000. Geode Capital Management LLC increased its position in CuriosityStream by 21.2% in the 3rd quarter. Geode Capital Management LLC now owns 322,946 shares of the company’s stock valued at $617,000 after acquiring an additional 56,402 shares during the period. CWM LLC raised its stake in CuriosityStream by 310.7% during the 3rd quarter. CWM LLC now owns 297,656 shares of the company’s stock valued at $569,000 after acquiring an additional 225,188 shares during the last quarter. Finally, Delta Financial Group Inc. grew its stake in shares of CuriosityStream by 26.4% in the 3rd quarter. Delta Financial Group Inc. now owns 57,405 shares of the company’s stock valued at $110,000 after purchasing an additional 12,000 shares during the last quarter. 6.79% of the stock is owned by hedge funds and other institutional investors.

CuriosityStream Company Profile

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.