D Jonathan Merriman Buys 10,700 Shares of PodcastOne (NASDAQ:PODC) Stock

PodcastOne, Inc. (NASDAQ:PODC) Director D Jonathan Merriman acquired 10,700 shares of the stock in a transaction that occurred on Friday, November 14th. The stock was purchased at an average price of $2.16 per share, for a total transaction of $23,112.00. Following the completion of the transaction, the director owned 253,079 shares in the company, valued at $546,650.64. The trade was a 4.41% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link.

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

• On Thursday, September 4th, D Jonathan Merriman acquired 10,000 shares of PodcastOne stock. The shares were purchased at an average price of $1.58 per share, with a total value of $15,800.00.
• On Friday, August 22nd, D Jonathan Merriman bought 11,100 shares of PodcastOne stock. The stock was purchased at an average price of $1.49 per share, with a total value of $16,539.00.
• On Thursday, August 21st, D Jonathan Merriman bought 5,700 shares of PodcastOne stock. The stock was purchased at an average cost of $1.49 per share, for a total transaction of $8,493.00.

PodcastOne Trading Up 3.4%

Shares of PodcastOne stock traded up $0.08 on Monday, reaching $2.40. 29,528 shares of the stock were exchanged, compared to its average volume of 68,312. PodcastOne, Inc. has a 1-year low of $1.28 and a 1-year high of $2.94. The business has a fifty day moving average price of $1.90 and a two-hundred day moving average price of $1.91.

PodcastOne (NASDAQ:PODC) last announced its quarterly earnings data on Tuesday, November 11th. The company reported ($0.04) EPS for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.01. PodcastOne had a negative net margin of 9.07% and a negative return on equity of 34.54%. The firm had revenue of $15.16 million during the quarter, compared to the consensus estimate of $14.26 million. As a group, equities research analysts anticipate that PodcastOne, Inc. will post -0.24 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of PodcastOne in a research note on Friday, October 31st. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company has a consensus rating of “Sell”.

Institutional Trading of PodcastOne

A number of institutional investors have recently added to or reduced their stakes in PODC. XTX Topco Ltd acquired a new position in PodcastOne during the first quarter worth about $26,000. Pingora Partners LLC lifted its position in shares of PodcastOne by 122.3% during the 1st quarter. Pingora Partners LLC now owns 16,724 shares of the company’s stock valued at $27,000 after acquiring an additional 9,200 shares during the period. Thompson Davis & CO. Inc. purchased a new stake in shares of PodcastOne during the 2nd quarter worth approximately $38,000. Creative Planning purchased a new stake in shares of PodcastOne during the 2nd quarter worth approximately $49,000. Finally, Citadel Advisors LLC grew its holdings in shares of PodcastOne by 267.5% in the 3rd quarter. Citadel Advisors LLC now owns 41,958 shares of the company’s stock worth $70,000 after acquiring an additional 30,541 shares during the period. 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.