D Jonathan Merriman Acquires 5,500 Shares of PodcastOne, Inc. (NASDAQ:PODC) Stock

PodcastOne, Inc. (NASDAQ:PODC) Director D Jonathan Merriman purchased 5,500 shares of the stock in a transaction on Thursday, February 20th. The shares were purchased at an average price of $2.10 per share, with a total value of $11,550.00. Following the acquisition, the director now directly owns 174,579 shares in the company, valued at $366,615.90. This represents a 3.25 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

D Jonathan Merriman also recently made the following trade(s):

• On Monday, February 24th, D Jonathan Merriman bought 4,700 shares of PodcastOne stock. The stock was bought at an average price of $2.00 per share, with a total value of $9,400.00.

PodcastOne Price Performance

PODC stock opened at $1.95 on Wednesday. The company has a market cap of $48.55 million, a price-to-earnings ratio of -8.13 and a beta of -0.80. PodcastOne, Inc. has a 12 month low of $1.10 and a 12 month high of $2.85. The company has a fifty day moving average price of $2.23 and a 200 day moving average price of $1.85.

PodcastOne (NASDAQ:PODC) last posted its quarterly earnings results on Wednesday, February 12th. The company reported ($0.06) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.07) by $0.01. PodcastOne had a negative net margin of 11.40% and a negative return on equity of 36.83%. As a group, analysts anticipate that PodcastOne, Inc. will post -0.24 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Fleming James B JR purchased a new position in PodcastOne in the fourth quarter valued at approximately $189,000. International Assets Investment Management LLC grew its position in shares of PodcastOne by 92.3% during the fourth quarter. International Assets Investment Management LLC now owns 30,600 shares of the company’s stock worth $64,000 after buying an additional 14,688 shares in the last quarter. Apollon Wealth Management LLC acquired a new stake in shares of PodcastOne during the fourth quarter worth approximately $54,000. Citadel Advisors LLC acquired a new position in PodcastOne in the fourth quarter worth $52,000. Finally, Renaissance Technologies LLC acquired a new position in PodcastOne in the fourth quarter worth $26,000. 2.87% of the stock is currently owned by hedge funds and other institutional investors.

PodcastOne Company Profile

PodcastOne, Inc operates as a podcast platform and publisher. The company offers its content to audiences through podcasting distribution platforms, including its website, Apple Podcasts, Spotify, Amazon Music, and others. It also produces vodcasts, branded podcasts, merchandise, and live events. In addition, the company builds, owns, and operates LaunchPadOne, a self-publishing podcast platform.