CuriosityStream (NASDAQ:CURI) Shares Down 2.7% - Here's What Happened

CuriosityStream Inc. (NASDAQ:CURI - Get Free Report) fell 2.7% during mid-day trading 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.

Wall Street Analysts Forecast Growth

Separately, Needham & Company LLC boosted their price objective on CuriosityStream from $1.35 to $3.00 and gave the stock a "buy" rating in a research note on Thursday, November 7th.

CuriosityStream Stock Performance

The stock has a fifty day simple moving average of $2.04 and a two-hundred day simple moving average of $1.53. The stock has a market cap of $95.70 million, a PE ratio of -6.36 and a beta of 1.07.

CuriosityStream (NASDAQ:CURI - Get Free Report) last posted its 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 firm 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 in the previous year, the firm posted ($0.14) earnings per share. On average, equities analysts predict that CuriosityStream Inc. will post -0.2 EPS for the current fiscal year.

CuriosityStream Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be paid a dividend of $0.025 per share. The ex-dividend date is Friday, March 14th. This represents a $0.10 annualized dividend and a dividend yield of 5.80%. CuriosityStream's dividend payout ratio is presently -35.71%.

Institutional Inflows and Outflows

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

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.