International Assets Investment Management LLC Has $46,000 Holdings in PodcastOne, Inc. $PODC

International Assets Investment Management LLC cut its stake in shares of PodcastOne, Inc. (NASDAQ:PODC) by 52.3% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 18,900 shares of the company’s stock after selling 20,700 shares during the quarter. International Assets Investment Management LLC’s holdings in PodcastOne were worth $46,000 at the end of the most recent reporting period.

Separately, Pingora Partners LLC increased its holdings in shares of PodcastOne by 122.3% during the first quarter. Pingora Partners LLC now owns 16,724 shares of the company’s stock worth $27,000 after buying an additional 9,200 shares in the last quarter. Institutional investors and hedge funds own 2.87% of the company’s stock.

PodcastOne Stock Performance

PODC stock opened at $2.16 on Friday. The company has a fifty day moving average price of $1.71 and a 200-day moving average price of $1.86. The company has a market capitalization of $57.05 million, a P/E ratio of -9.39 and a beta of -0.09. PodcastOne, Inc. has a 52-week low of $1.10 and a 52-week high of $2.94.

PodcastOne (NASDAQ:PODC) last released its quarterly earnings results on Wednesday, August 13th. The company reported ($0.04) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.05) by $0.01. The firm had revenue of $14.99 million during the quarter, compared to the consensus estimate of $14.90 million. PodcastOne had a negative net margin of 10.86% and a negative return on equity of 38.84%. As a group, sell-side analysts forecast that PodcastOne, Inc. will post -0.24 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of PodcastOne in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, PodcastOne has a consensus rating of “Sell”.

PodcastOne 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.