PodcastOne, Inc. (NASDAQ:PODC) Director Acquires $18,040.00 in Stock

PodcastOne, Inc. (NASDAQ:PODC) Director D Jonathan Merriman acquired 11,000 shares of the firm’s stock in a transaction on Wednesday, November 13th. The shares were bought at an average cost of $1.64 per share, with a total value of $18,040.00. Following the completion of the acquisition, the director now directly owns 200,339 shares in the company, valued at approximately $328,555.96. This represents a 5.81 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

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

• On Tuesday, September 24th, D Jonathan Merriman acquired 10,000 shares of PodcastOne stock. The shares were purchased at an average cost of $1.65 per share, for a total transaction of $16,500.00.
• On Friday, September 20th, D Jonathan Merriman bought 14,000 shares of PodcastOne stock. The stock was purchased at an average price of $1.89 per share, with a total value of $26,460.00.
• On Wednesday, September 11th, D Jonathan Merriman acquired 17,800 shares of PodcastOne stock. The stock was acquired at an average cost of $1.71 per share, for a total transaction of $30,438.00.
• On Monday, September 9th, D Jonathan Merriman bought 10,000 shares of PodcastOne stock. The stock was bought at an average price of $1.60 per share, for a total transaction of $16,000.00.

PodcastOne Stock Performance

NASDAQ PODC traded up $0.16 during trading on Thursday, hitting $1.81. 89,609 shares of the company’s stock traded hands, compared to its average volume of 38,516. The business has a 50 day moving average of $1.48 and a 200-day moving average of $1.58. PodcastOne, Inc. has a 12-month low of $1.10 and a 12-month high of $2.70. The stock has a market capitalization of $43.49 million, a price-to-earnings ratio of -5.48 and a beta of -2.48.

PodcastOne (NASDAQ:PODC) last announced its earnings results on Tuesday, August 13th. The company reported ($0.06) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.06). PodcastOne had a negative net margin of 14.08% and a negative return on equity of 41.76%. The business had revenue of $13.16 million for the quarter, compared to the consensus estimate of $13.00 million. On average, analysts expect that PodcastOne, Inc. will post -0.27 EPS for the current year.

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.