PodcastOne, Inc. (NASDAQ:PODC) Director Purchases $11,550.00 in Stock

PodcastOne, Inc. (NASDAQ:PODC) Director D Jonathan Merriman acquired 5,500 shares of the firm’s stock in a transaction on Thursday, February 20th. The stock was purchased at an average cost of $2.10 per share, with a total value of $11,550.00. Following the purchase, the director now owns 174,579 shares of the company’s stock, valued at $366,615.90. The trade was a 3.25 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

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

• On Monday, February 24th, D Jonathan Merriman acquired 4,700 shares of PodcastOne stock. The stock was purchased at an average cost of $2.00 per share, with a total value of $9,400.00.

PodcastOne Price Performance

Shares of NASDAQ PODC opened at $1.80 on Thursday. The company has a market cap of $44.81 million, a P/E ratio of -7.50 and a beta of -0.80. PodcastOne, Inc. has a 1 year low of $1.10 and a 1 year high of $2.85. The firm has a 50-day simple moving average of $2.22 and a two-hundred day simple moving average of $1.85.

PodcastOne (NASDAQ:PODC) last announced its quarterly earnings results on Wednesday, February 12th. The company reported ($0.06) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.01. PodcastOne had a negative return on equity of 36.83% and a negative net margin of 11.40%. As a group, equities research analysts expect that PodcastOne, Inc. will post -0.24 EPS for the current year.

Institutional Trading of PodcastOne

A number of large investors have recently modified their holdings of the company. Citadel Advisors LLC purchased a new stake in shares of PodcastOne in the fourth quarter valued at approximately $52,000. Renaissance Technologies LLC purchased a new stake in shares of PodcastOne in the fourth quarter valued at approximately $26,000. Fleming James B JR purchased a new stake in shares of PodcastOne in the fourth quarter valued at approximately $189,000. Apollon Wealth Management LLC purchased a new stake in shares of PodcastOne in the fourth quarter valued at approximately $54,000. Finally, International Assets Investment Management LLC boosted its holdings in shares of PodcastOne by 92.3% in the fourth quarter. International Assets Investment Management LLC now owns 30,600 shares of the company’s stock valued at $64,000 after purchasing an additional 14,688 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.