Cubist Systematic Strategies LLC increased its position in CuriosityStream Inc. (NASDAQ:CURI – Free Report) by 65.3% in the 4th quarter, Holdings Channel reports. The firm owned 27,130 shares of the company’s stock after buying an additional 10,722 shares during the period. Cubist Systematic Strategies LLC’s holdings in CuriosityStream were worth $42,000 as of its most recent filing with the SEC.
Several other institutional investors have also recently added to or reduced their stakes in the stock. Geode Capital Management LLC increased its position in CuriosityStream by 2.4% in the 4th quarter. Geode Capital Management LLC now owns 330,615 shares of the company’s stock valued at $506,000 after acquiring an additional 7,669 shares during the period. Delta Financial Group Inc. increased its position in CuriosityStream by 17.7% in the 4th quarter. Delta Financial Group Inc. now owns 67,587 shares of the company’s stock valued at $103,000 after acquiring an additional 10,182 shares during the period. Renaissance Technologies LLC increased its position in CuriosityStream by 9.7% in the 4th quarter. Renaissance Technologies LLC now owns 470,900 shares of the company’s stock valued at $720,000 after acquiring an additional 41,454 shares during the period. Manatuck Hill Partners LLC increased its position in CuriosityStream by 14.4% in the 4th quarter. Manatuck Hill Partners LLC now owns 550,000 shares of the company’s stock valued at $842,000 after acquiring an additional 69,100 shares during the period. Finally, Penbrook Management LLC acquired a new position in CuriosityStream in the 4th quarter valued at about $247,000. Institutional investors and hedge funds own 6.79% of the company’s stock.
Wall Street Analysts Forecast Growth
Several brokerages recently issued reports on CURI. Needham & Company LLC boosted their price target on CuriosityStream from $2.95 to $4.80 and gave the company a “buy” rating in a research report on Wednesday, May 7th. Barrington Research upgraded CuriosityStream from a “market perform” rating to an “outperform” rating and set a $6.00 target price on the stock in a research report on Wednesday, May 7th.
CuriosityStream Trading Up 6.2%
NASDAQ CURI opened at $6.30 on Tuesday. The business’s 50 day moving average is $3.38 and its two-hundred day moving average is $2.50. CuriosityStream Inc. has a 12-month low of $0.98 and a 12-month high of $6.37. The stock has a market capitalization of $363.04 million, a price-to-earnings ratio of -22.50 and a beta of 1.38.
CuriosityStream (NASDAQ:CURI – Get Free Report) last released its earnings results on Tuesday, May 6th. The company reported $0.01 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.01) by $0.02. CuriosityStream had a negative return on equity of 22.18% and a negative net margin of 28.56%. The company had revenue of $15.09 million for the quarter, compared to analysts’ expectations of $14.95 million. Equities analysts forecast that CuriosityStream Inc. will post -0.2 earnings per share for the current fiscal year.
CuriosityStream Announces Dividend
The firm also recently announced a dividend, which will be paid on Friday, June 20th. Shareholders of record on Friday, June 6th will be given a dividend of $0.08 per share. The ex-dividend date of this dividend is Friday, June 6th. CuriosityStream’s payout ratio is -228.57%.
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.
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