CuriosityStream (NASDAQ:CURI) Posts Quarterly Earnings Results, Misses Estimates By $0.05 EPS

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

CuriosityStream Stock Performance

Shares of CURI stock traded up $0.04 during trading hours on Friday, reaching $1.97. The company had a trading volume of 353,087 shares, compared to its average volume of 409,066. CuriosityStream has a 12-month low of $0.45 and a 12-month high of $3.00. The company has a market capitalization of $107.56 million, a price-to-earnings ratio of -7.04 and a beta of 1.15. The stock has a fifty day moving average of $2.06 and a 200-day moving average of $1.45.

CuriosityStream Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be paid a $0.025 dividend. This represents a $0.10 dividend on an annualized basis and a yield of 5.08%. The ex-dividend date of this dividend is Friday, March 14th. CuriosityStream’s dividend payout ratio (DPR) is -35.71%.

Analysts Set New Price Targets

Separately, Needham & Company LLC lifted their target price on shares of CuriosityStream from $1.35 to $3.00 and gave the stock a “buy” rating in a research note on Thursday.

Insider Buying and Selling

In other CuriosityStream news, Director Michael Nikzad sold 32,226 shares of the company’s stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of $1.20, for a total value of $38,671.20. Following the completion of the sale, the director now directly owns 217,774 shares in the company, valued at $261,328.80. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 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 shares were sold at an average price of $1.47, for a total transaction of $177,665.67. Following the completion of the sale, the director now owns 1,433,576 shares in the company, valued at $2,107,356.72. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Michael Nikzad sold 32,226 shares of CuriosityStream stock in a transaction that occurred on Thursday, August 22nd. The shares were sold at an average price of $1.20, for a total transaction of $38,671.20. Following the sale, the director now directly owns 217,774 shares in the company, valued at approximately $261,328.80. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 283,673 shares of company stock worth $379,977. 49.60% of the stock is owned by corporate insiders.

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.