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

CuriosityStream (NASDAQ:CURI) announced 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 net margin of 28.56% and a negative return on equity of 21.70%. The company had revenue of $12.60 million during the quarter, compared to the consensus estimate of $13.80 million. During the same quarter in the prior year, the firm posted ($0.14) earnings per share. CuriosityStream updated its Q4 2024 guidance to EPS.

CuriosityStream Stock Performance

Shares of CURI traded up $0.04 during trading hours on Friday, hitting $1.97. The stock had a trading volume of 353,087 shares, compared to its average volume of 409,066. CuriosityStream has a fifty-two week low of $0.45 and a fifty-two week high of $3.00. The firm has a market capitalization of $107.56 million, a price-to-earnings ratio of -7.04 and a beta of 1.15. The firm has a 50-day moving average price of $2.06 and a 200 day moving average price of $1.45.

CuriosityStream Announces Dividend

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

Analyst Upgrades and Downgrades

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

Insiders Place Their Bets

In other news, Director Michael Nikzad sold 58,896 shares of CuriosityStream stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $1.12, for a total value of $65,963.52. Following the sale, the director now directly owns 372,369 shares of the company’s stock, valued at $417,053.28. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other CuriosityStream news, Director Michael Nikzad sold 58,896 shares of the business’s stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $1.12, for a total value of $65,963.52. Following the transaction, the director now directly owns 372,369 shares in the company, valued at $417,053.28. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Jonathan Huberman sold 120,861 shares of the stock in a transaction that occurred on Wednesday, August 28th. The stock was sold at an average price of $1.47, for a total value of $177,665.67. Following the completion of the transaction, the director now owns 1,433,576 shares of the company’s stock, valued at $2,107,356.72. The trade was a 0.00 % decrease in their ownership of the stock. 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.