CuriosityStream FY2024 EPS Lowered by Barrington Research

CuriosityStream Inc. (NASDAQ:CURI) – Equities researchers at Barrington Research cut their FY2024 EPS estimates for shares of CuriosityStream in a research note issued to investors on Thursday, November 7th. Barrington Research analyst J. Goss now forecasts that the company will post earnings of ($0.20) per share for the year, down from their prior forecast of ($0.15). The consensus estimate for CuriosityStream’s current full-year earnings is ($0.20) per share. Barrington Research also issued estimates for CuriosityStream’s Q4 2024 earnings at ($0.02) EPS, Q2 2025 earnings at ($0.02) EPS, Q3 2025 earnings at ($0.02) EPS, Q4 2025 earnings at $0.00 EPS, FY2025 earnings at ($0.03) EPS and FY2026 earnings at $0.00 EPS.

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

CuriosityStream Stock Performance

Shares of NASDAQ:CURI opened at $1.57 on Monday. CuriosityStream has a 52-week low of $0.45 and a 52-week high of $3.00. The business’s 50 day simple moving average is $2.07 and its two-hundred day simple moving average is $1.46. The firm has a market cap of $85.72 million, a P/E ratio of -5.79 and a beta of 1.15.

CuriosityStream (NASDAQ:CURI) last announced its quarterly earnings data 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 company had revenue of $12.60 million for the quarter, compared to analyst estimates 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 prior year, the company posted ($0.14) EPS.

CuriosityStream Announces Dividend

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 given a dividend of $0.025 per share. This represents a $0.10 annualized dividend and a dividend yield of 6.37%. The ex-dividend date of this dividend is Friday, March 14th. CuriosityStream’s payout ratio is presently -35.71%.

Insider Buying and Selling

In other CuriosityStream news, Director Jonathan Huberman sold 120,861 shares of CuriosityStream stock in a transaction dated Wednesday, August 28th. The stock was sold at an average price of $1.47, for a total transaction of $177,665.67. Following the completion of the transaction, the director now owns 1,433,576 shares in the company, valued at approximately $2,107,356.72. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other CuriosityStream news, Director Jonathan Huberman sold 120,861 shares of the firm’s stock in a transaction 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Michael Nikzad sold 58,896 shares of the company’s stock in a transaction on Monday, August 19th. The stock was sold at an average price of $1.12, for a total transaction of $65,963.52. Following the completion of the sale, the director now owns 372,369 shares of the company’s stock, valued at approximately $417,053.28. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 283,673 shares of company stock worth $379,977 in the last quarter. Insiders own 49.60% of the company’s stock.

Institutional Investors Weigh In On CuriosityStream

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Renaissance Technologies LLC grew its holdings 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 acquiring an additional 90,126 shares in the last quarter. Oldfield Partners LLP bought a new stake in CuriosityStream during the second quarter worth $417,000. CWM LLC boosted its position in CuriosityStream by 310.7% in 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. Virtu Financial LLC grew its stake in CuriosityStream by 782.8% in 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 during the period. Finally, Delta Financial Group Inc. increased its position in shares of CuriosityStream by 26.4% during 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. Hedge funds and other institutional investors own 6.79% of the company’s stock.

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.