PodcastOne, Inc. (NASDAQ:PODC) Director Purchases $12,040.00 in Stock

PodcastOne, Inc. (NASDAQ:PODC) Director D Jonathan Merriman purchased 7,000 shares of the company’s stock in a transaction dated Tuesday, March 18th. The shares were bought at an average price of $1.72 per share, for a total transaction of $12,040.00. Following the completion of the transaction, the director now directly owns 202,679 shares in the company, valued at approximately $348,607.88. This trade represents a 3.58 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Monday, March 10th, D Jonathan Merriman purchased 5,200 shares of PodcastOne stock. The shares were bought at an average price of $1.72 per share, for a total transaction of $8,944.00.
• On Wednesday, March 5th, D Jonathan Merriman purchased 8,700 shares of PodcastOne stock. The shares were bought at an average price of $1.87 per share, for a total transaction of $16,269.00.
• On Wednesday, February 26th, D Jonathan Merriman acquired 7,700 shares of PodcastOne stock. The stock was acquired at an average cost of $1.80 per share, with a total value of $13,860.00.
• On Wednesday, February 26th, D Jonathan Merriman acquired 7,700 shares of PodcastOne stock. The stock was acquired at an average cost of $1.80 per share, with a total value of $13,860.00.
• On Monday, February 24th, D Jonathan Merriman acquired 4,700 shares of PodcastOne stock. The stock was acquired at an average cost of $2.00 per share, with a total value of $9,400.00.
• On Thursday, February 20th, D Jonathan Merriman acquired 5,500 shares of PodcastOne stock. The stock was acquired at an average cost of $2.10 per share, with a total value of $11,550.00.

PodcastOne Price Performance

Shares of PODC stock opened at $1.72 on Friday. PodcastOne, Inc. has a 12-month low of $1.10 and a 12-month high of $2.85. The firm has a market capitalization of $42.82 million, a price-to-earnings ratio of -7.17 and a beta of -0.20. The business has a 50 day simple moving average of $2.05 and a 200 day simple moving average of $1.88.

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

Hedge Funds Weigh In On PodcastOne

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Citadel Advisors LLC bought a new position in PodcastOne during the 4th quarter valued at $52,000. Renaissance Technologies LLC bought a new position in PodcastOne during the 4th quarter valued at $26,000. Fleming James B JR bought a new position in PodcastOne during the 4th quarter valued at $189,000. Apollon Wealth Management LLC bought a new position in PodcastOne during the 4th quarter valued at $54,000. Finally, International Assets Investment Management LLC boosted its stake in PodcastOne by 92.3% during the 4th quarter. International Assets Investment Management LLC now owns 30,600 shares of the company’s stock valued at $64,000 after purchasing an additional 14,688 shares in the last quarter. 2.87% of the stock is owned by 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.