D Jonathan Merriman Buys 7,000 Shares of PodcastOne, Inc. (NASDAQ:PODC) Stock

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

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

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

PodcastOne Stock Up 3.5 %

Shares of PODC traded up $0.06 during trading on Wednesday, reaching $1.77. 6,387 shares of the company traded hands, compared to its average volume of 36,186. The stock has a 50-day simple moving average of $2.08 and a 200-day simple moving average of $1.88. The stock has a market cap of $44.07 million, a PE ratio of -7.38 and a beta of -0.20. PodcastOne, Inc. has a twelve month low of $1.10 and a twelve month high of $2.85.

PodcastOne (NASDAQ:PODC) last posted 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 net margin of 11.40% and a negative return on equity of 36.83%. On average, equities research analysts predict that PodcastOne, Inc. will post -0.24 EPS for the current year.

Institutional Investors Weigh In On PodcastOne

Several institutional investors and hedge funds have recently modified their holdings of the company. International Assets Investment Management LLC grew its position in PodcastOne by 92.3% in 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 acquired a new position in shares of PodcastOne in the fourth quarter valued at approximately $54,000. Citadel Advisors LLC acquired a new position in shares of PodcastOne in the fourth quarter valued at approximately $52,000. Renaissance Technologies LLC purchased a new stake in PodcastOne during the 4th quarter worth approximately $26,000. Finally, Fleming James B JR acquired a new stake in PodcastOne during the 4th quarter worth approximately $189,000. Hedge funds and other institutional investors own 2.87% of the company’s stock.

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.