PodcastOne, Inc. (NASDAQ:PODC) Director D Jonathan Merriman Acquires 8,700 Shares of Stock

PodcastOne, Inc. (NASDAQ:PODC) Director D Jonathan Merriman purchased 8,700 shares of the stock in a transaction on Wednesday, March 5th. The shares were purchased at an average cost of $1.87 per share, with a total value of $16,269.00. Following the transaction, the director now owns 195,679 shares in the company, valued at $365,919.73. This trade represents a 4.65 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Wednesday, February 26th, D Jonathan Merriman purchased 7,700 shares of PodcastOne stock. The shares were purchased 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 bought 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 bought 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 bought 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. The stock has a market cap of $42.82 million, a PE ratio of -7.17 and a beta of -0.18. The business has a 50-day simple moving average of $2.15 and a 200-day simple moving average of $1.86. PodcastOne, Inc. has a 52-week low of $1.10 and a 52-week high of $2.85.

PodcastOne (NASDAQ:PODC) last announced its quarterly 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%. Sell-side analysts anticipate that PodcastOne, Inc. will post -0.24 earnings per share for the current fiscal year.

Hedge Funds Weigh In On PodcastOne

Institutional investors and hedge funds have recently modified their holdings of the business. Renaissance Technologies LLC purchased a new stake in PodcastOne during the 4th quarter worth approximately $26,000. Citadel Advisors LLC purchased a new stake in PodcastOne during the 4th quarter worth approximately $52,000. Apollon Wealth Management LLC purchased a new stake in PodcastOne during the 4th quarter worth approximately $54,000. International Assets Investment Management LLC increased 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 worth $64,000 after buying an additional 14,688 shares in the last quarter. Finally, Fleming James B JR acquired a new stake in shares of PodcastOne in the fourth quarter valued at 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.