PodcastOne, Inc. (NASDAQ:PODC) Director Buys $16,269.00 in Stock

PodcastOne, Inc. (NASDAQ:PODC) Director D Jonathan Merriman acquired 8,700 shares of the business’s stock in a transaction on Wednesday, March 5th. The shares were bought at an average price of $1.87 per share, for a total transaction of $16,269.00. Following the acquisition, the director now owns 195,679 shares in the company, valued at approximately $365,919.73. This trade represents a 4.65 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

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

• On Wednesday, February 26th, D Jonathan Merriman acquired 7,700 shares of PodcastOne stock. The shares were bought at an average price of $1.80 per share, for a total transaction of $13,860.00.
• On Wednesday, February 26th, D Jonathan Merriman acquired 7,700 shares of PodcastOne stock. The shares were bought at an average price of $1.80 per share, for a total transaction of $13,860.00.
• On Monday, February 24th, D Jonathan Merriman acquired 4,700 shares of PodcastOne stock. The shares were bought at an average price of $2.00 per share, for a total transaction of $9,400.00.
• On Thursday, February 20th, D Jonathan Merriman acquired 5,500 shares of PodcastOne stock. The shares were bought at an average price of $2.10 per share, for a total transaction of $11,550.00.

PodcastOne Stock Performance

NASDAQ PODC opened at $1.72 on Friday. The stock’s 50-day moving average price is $2.14 and its two-hundred day moving average price is $1.87. The company has a market cap of $42.82 million, a PE ratio of -7.17 and a beta of -0.18. PodcastOne, Inc. has a 1 year low of $1.10 and a 1 year high of $2.85.

PodcastOne (NASDAQ:PODC) last released its earnings results on Wednesday, February 12th. The company reported ($0.06) earnings per share for the quarter, beating the consensus estimate of ($0.07) by $0.01. PodcastOne had a negative return on equity of 36.83% and a negative net margin of 11.40%. Research analysts forecast that PodcastOne, Inc. will post -0.24 EPS for the current fiscal year.

Hedge Funds Weigh In On PodcastOne

Institutional investors and hedge funds have recently bought and sold shares of the business. International Assets Investment Management LLC grew 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 acquiring an additional 14,688 shares in the last quarter. Apollon Wealth Management LLC purchased a new position in PodcastOne during the 4th quarter valued at about $54,000. Citadel Advisors LLC purchased a new position in PodcastOne during the 4th quarter valued at about $52,000. Renaissance Technologies LLC purchased a new position in PodcastOne during the 4th quarter valued at about $26,000. Finally, Fleming James B JR purchased a new position in PodcastOne during the 4th quarter valued at about $189,000. Hedge funds and other institutional investors own 2.87% of the company’s stock.

About PodcastOne

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.