CuriosityStream (NASDAQ:CURI) Announces Earnings Results

CuriosityStream (NASDAQ:CURI - Get Free Report) issued its quarterly earnings data on Wednesday. The company reported ($0.06) earnings per share for the quarter, missing analysts' consensus estimates of ($0.01) by ($0.05), Zacks reports. The firm had revenue of $12.60 million for the quarter, compared to analysts' expectations of $13.80 million. CuriosityStream had a negative net margin of 28.56% and a negative return on equity of 21.70%. During the same quarter in the previous year, the business earned ($0.14) EPS. CuriosityStream updated its Q4 2024 guidance to EPS.

CuriosityStream Stock Performance

CURI stock traded up $0.04 during trading on Friday, hitting $1.97. 353,087 shares of the company's stock traded hands, compared to its average volume of 409,066. CuriosityStream has a 52 week low of $0.45 and a 52 week high of $3.00. The stock has a market capitalization of $107.56 million, a price-to-earnings ratio of -7.04 and a beta of 1.15. The business has a fifty day simple moving average of $2.06 and a 200 day simple moving average of $1.45.

CuriosityStream Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be paid a dividend of $0.025 per share. This represents a $0.10 dividend on an annualized basis and a yield of 5.08%. The ex-dividend date is Friday, March 14th. CuriosityStream's payout ratio is -35.71%.

Insider Transactions at CuriosityStream

In other news, Director Jonathan Huberman sold 120,861 shares of the firm's stock in a transaction that occurred on Wednesday, August 28th. The stock was sold at an average price of $1.47, for a total value of $177,665.67. Following the completion of the sale, the director now directly owns 1,433,576 shares of the company's stock, valued at $2,107,356.72. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, Director Michael Nikzad sold 58,896 shares of the firm's stock in a transaction dated 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 owns 372,369 shares of the company's stock, valued at $417,053.28. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Jonathan Huberman sold 120,861 shares of the firm's stock in a transaction that occurred on Wednesday, August 28th. The stock was sold at an average price of $1.47, for a total transaction of $177,665.67. Following the transaction, the director now directly owns 1,433,576 shares in the company, valued at approximately $2,107,356.72. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 283,673 shares of company stock worth $379,977 in the last three months. Insiders own 49.60% of the company's stock.

Analyst Ratings Changes

Separately, Needham & Company LLC raised their price target on CuriosityStream from $1.35 to $3.00 and gave the company a "buy" rating in a report on Thursday.

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.