CuriosityStream Inc. (NASDAQ:CURI) Short Interest Update

CuriosityStream Inc. (NASDAQ:CURI) was the target of a large growth in short interest in August. As of August 31st, there was short interest totalling 433,300 shares, a growth of 9.1% from the August 15th total of 397,200 shares. Based on an average daily trading volume, of 251,600 shares, the short-interest ratio is presently 1.7 days. Currently, 1.5% of the company’s stock are sold short.

CuriosityStream Stock Performance

CURI stock traded down $0.04 during trading on Wednesday, reaching $1.84. The company had a trading volume of 135,804 shares, compared to its average volume of 432,271. The firm has a 50-day simple moving average of $1.31 and a 200-day simple moving average of $1.12. The company has a market cap of $100.46 million, a price-to-earnings ratio of -2.11 and a beta of 1.18. CuriosityStream has a twelve month low of $0.45 and a twelve month high of $2.17.

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

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

CuriosityStream Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Saturday, October 12th will be given a dividend of $0.025 per share. This represents a $0.10 dividend on an annualized basis and a yield of 5.43%. The ex-dividend date of this dividend is Friday, October 11th. CuriosityStream’s dividend payout ratio is presently -11.49%.

Insider Activity

In other news, Director Michael Nikzad sold 32,226 shares of the firm’s stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of $1.20, for a total value of $38,671.20. Following the sale, the director now directly owns 217,774 shares in the company, valued at approximately $261,328.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, Director Jonathan Huberman sold 120,861 shares of the firm’s stock in a transaction dated Wednesday, August 28th. The shares were sold at an average price of $1.47, for a total value of $177,665.67. Following the sale, the director now directly owns 1,433,576 shares in the company, valued at approximately $2,107,356.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Michael Nikzad sold 32,226 shares of CuriosityStream stock in a transaction that occurred on Thursday, August 22nd. The stock was sold at an average price of $1.20, for a total transaction of $38,671.20. Following the completion of the sale, the director now owns 217,774 shares of the company’s stock, valued at $261,328.80. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 283,673 shares of company stock worth $379,977. Corporate insiders own 49.60% of the company’s stock.

Hedge Funds Weigh In On CuriosityStream

Institutional investors have recently bought and sold shares of the business. Acadian Asset Management LLC purchased a new position in CuriosityStream during the 2nd quarter worth approximately $27,000. CWM LLC increased its holdings in shares of CuriosityStream by 6,399.4% during the 2nd quarter. CWM LLC now owns 72,468 shares of the company’s stock valued at $83,000 after purchasing an additional 71,353 shares in the last quarter. Virtu Financial LLC increased its holdings in shares of CuriosityStream by 782.8% during the 1st quarter. Virtu Financial LLC now owns 151,267 shares of the company’s stock valued at $162,000 after purchasing an additional 134,132 shares in the last quarter. Oldfield Partners LLP purchased a new position in shares of CuriosityStream during the 2nd quarter valued at approximately $417,000. Finally, Renaissance Technologies LLC increased its holdings in shares of 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 in the last quarter. 6.79% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

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.