John S. Hendricks Sells 18,795 Shares of CuriosityStream Inc. (NASDAQ:CURI) Stock

Posted by on Apr 29th, 2023

CuriosityStream Inc. (NASDAQ:CURI – Get Rating) Director John S. Hendricks sold 18,795 shares of the stock in a transaction dated Friday, April 14th. The stock was sold at an average price of $1.11, for a total value of $20,862.45. Following the transaction, the director now directly owns 754,945 shares in the company, valued at approximately $837,988.95. The transaction was disclosed in a filing with the SEC, which is available at this link.

CuriosityStream Stock Up 2.9 %

CURI stock opened at $1.05 on Friday. The business’s 50-day moving average is $1.36 and its two-hundred day moving average is $1.40. CuriosityStream Inc. has a 1 year low of $1.00 and a 1 year high of $2.39.

CuriosityStream (NASDAQ:CURI – Get Rating) last posted its quarterly earnings results on Thursday, March 30th. The company reported ($0.28) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.17). The company had revenue of $14.50 million during the quarter, compared to analyst estimates of $24.94 million. CuriosityStream had a negative net margin of 65.24% and a negative return on equity of 39.29%. On average, equities research analysts predict that CuriosityStream Inc. will post -0.61 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in CURI. FMR LLC increased its holdings in shares of CuriosityStream by 960.0% in the 2nd quarter. FMR LLC now owns 19,832 shares of the company’s stock valued at $33,000 after acquiring an additional 17,961 shares during the last quarter. Monaco Asset Management SAM purchased a new position in shares of CuriosityStream in the 4th quarter valued at about $44,000. Delta Financial Group Inc. increased its holdings in shares of CuriosityStream by 85.5% in the 1st quarter. Delta Financial Group Inc. now owns 49,900 shares of the company’s stock valued at $67,000 after acquiring an additional 23,000 shares during the last quarter. Virtu Financial LLC purchased a new position in shares of CuriosityStream in the 1st quarter valued at about $67,000. Finally, AQR Capital Management LLC purchased a new position in shares of CuriosityStream in the 2nd quarter valued at about $145,000. Hedge funds and other institutional investors own 9.33% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Benchmark decreased their target price on CuriosityStream from $8.00 to $4.00 and set a “buy” rating on the stock in a research note on Friday, March 31st. Needham & Company LLC decreased their target price on CuriosityStream from $3.00 to $2.00 and set a “buy” rating on the stock in a research note on Friday, March 31st.

CuriosityStream Company Profile

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CuriosityStream Inc operates as a factual content streaming service and media company. The company provides premium video 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 the distributor's platform or system; and through bundled content licenses for SVoD and linear offerings, partner bulk sales, brand partnerships, and content sales.

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