CuriosityStream Inc. (NASDAQ:CURI) Short Interest Update

CuriosityStream Inc. (NASDAQ:CURI) was the recipient of a large decline in short interest in 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 trading volume of 197,000 shares, the days-to-cover ratio is currently 2.1 days. Approximately 1.4% of the company’s stock are short sold.

Wall Street Analyst Weigh In

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

Insider Buying and Selling

In other news, Director Michael Nikzad sold 32,226 shares of the stock in a transaction 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 in the company, valued at approximately $261,328.80. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other CuriosityStream news, Director Jonathan Huberman sold 120,861 shares of the company’s 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 transaction, the director now 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 Securities & Exchange Commission, which is available at the SEC website. Also, Director Michael Nikzad sold 32,226 shares of the firm’s stock in a transaction 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 transaction, the director now directly owns 217,774 shares of the company’s stock, valued at approximately $261,328.80. The disclosure for this sale can be found here. Insiders sold a total of 283,673 shares of company stock worth $379,977 in the last 90 days. 49.60% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. Oldfield Partners LLP purchased a new position in shares of CuriosityStream in the 2nd quarter valued at about $417,000. Virtu Financial LLC grew its holdings in CuriosityStream by 782.8% in the first 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 during the period. Renaissance Technologies LLC increased its position in shares of 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 in the last quarter. CWM LLC raised its stake in shares of CuriosityStream by 6,399.4% during the 2nd quarter. CWM LLC now owns 72,468 shares of the company’s stock worth $83,000 after buying an additional 71,353 shares during the period. Finally, Acadian Asset Management LLC purchased a new position in shares of CuriosityStream during the 2nd quarter valued at approximately $27,000. 6.79% of the stock is currently owned by hedge funds and other institutional investors.

CuriosityStream Stock Performance

NASDAQ CURI traded down $0.04 during trading hours on Monday, reaching $1.91. The stock had a trading volume of 189,250 shares, compared to its average volume of 424,245. CuriosityStream has a 52-week low of $0.45 and a 52-week high of $2.17. The stock has a market cap of $102.37 million, a P/E ratio of -2.25 and a beta of 1.18. The stock has a fifty day moving average of $1.42 and a 200 day moving average of $1.19.

CuriosityStream (NASDAQ:CURI) last released its quarterly earnings data on Tuesday, August 13th. The company reported ($0.04) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.01. The firm had revenue of $12.40 million for the quarter, compared to analyst estimates 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 quarter in the prior year, the business earned ($0.19) earnings per share. On average, equities research analysts forecast that CuriosityStream will post -0.15 EPS for the current year.

CuriosityStream Announces Dividend

The business 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. The ex-dividend date of this dividend is Friday, October 11th. This represents a $0.10 dividend on an annualized basis and a dividend yield of 5.24%. CuriosityStream’s payout ratio is -11.49%.

CuriosityStream declared that its Board of Directors has authorized a stock repurchase plan on Tuesday, June 11th that authorizes the company to buyback $4.00 million in shares. This buyback authorization authorizes the company to purchase up to 4.6% of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s management believes its shares are undervalued.

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.