CuriosityStream (NASDAQ:CURI) Issues Earnings Results

CuriosityStream (NASDAQ:CURI) issued its earnings results on Tuesday. The company reported ($0.04) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.05) by $0.01, Zacks reports. CuriosityStream had a negative net margin of 81.73% and a negative return on equity of 34.10%. The business had revenue of $12.40 million for the quarter, compared to analyst estimates of $12.30 million. During the same period in the prior year, the firm earned ($0.19) earnings per share. CuriosityStream updated its Q3 2024 guidance to EPS.

CuriosityStream Stock Performance

CURI stock traded up $0.07 during midday trading on Wednesday, reaching $1.16. 418,449 shares of the company’s stock traded hands, compared to its average volume of 449,146. The company has a 50-day moving average price of $1.12 and a two-hundred day moving average price of $0.95. CuriosityStream has a 52 week low of $0.45 and a 52 week high of $1.55. The firm has a market capitalization of $62.17 million, a PE ratio of -1.40 and a beta of 1.15.

Wall Street Analyst Weigh In

Separately, Needham & Company LLC restated a “buy” rating and set a $1.35 price objective on shares of CuriosityStream in a research note on Wednesday.

Insider Buying and Selling at CuriosityStream

In related news, CEO Clinton Larry Stinchcomb bought 39,600 shares of the business’s stock in a transaction that occurred on Thursday, May 23rd. The stock was bought at an average cost of $1.07 per share, for a total transaction of $42,372.00. Following the completion of the transaction, the chief executive officer now owns 246,564 shares of the company’s stock, valued at $263,823.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, CEO Clinton Larry Stinchcomb purchased 39,600 shares of the firm’s stock in a transaction that occurred on Thursday, May 23rd. The stock was bought at an average cost of $1.07 per share, with a total value of $42,372.00. Following the completion of the purchase, the chief executive officer now directly owns 246,564 shares in the company, valued at $263,823.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Michael Nikzad sold 53,268 shares of the firm’s stock in a transaction that occurred on Tuesday, May 28th. The shares were sold at an average price of $1.06, for a total transaction of $56,464.08. Following the transaction, the director now directly owns 462,187 shares of the company’s stock, valued at approximately $489,918.22. The disclosure for this sale can be found here. In the last 90 days, insiders have acquired 91,600 shares of company stock valued at $97,252 and have sold 110,097 shares valued at $116,703. Insiders own 49.60% of the company’s stock.

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.