PodcastOne, Inc. (NASDAQ:PODC) Director Buys $16,269.00 in Stock

PodcastOne, Inc. (NASDAQ:PODC) Director D Jonathan Merriman bought 8,700 shares of the business’s stock in a transaction that occurred on Wednesday, March 5th. The shares were bought at an average cost of $1.87 per share, with a total value of $16,269.00. Following the completion of the purchase, the director now directly owns 195,679 shares of the company’s stock, valued at $365,919.73. This represents a 4.65 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website.

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

• On Wednesday, February 26th, D Jonathan Merriman bought 7,700 shares of PodcastOne stock. The shares were bought 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 shares were acquired at an average price 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 shares were acquired at an average price 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 shares were acquired at an average price of $2.10 per share, with a total value of $11,550.00.

PodcastOne Price Performance

PODC stock opened at $1.72 on Monday. PodcastOne, Inc. has a 52 week low of $1.10 and a 52 week high of $2.85. The company has a fifty day simple moving average of $2.14 and a two-hundred day simple moving average of $1.87. The firm has a market capitalization of $42.82 million, a P/E ratio of -7.17 and a beta of -0.20.

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

Institutional Investors Weigh In On PodcastOne

Institutional investors have recently made changes to their positions in the company. Renaissance Technologies LLC bought a new stake in shares of PodcastOne in the 4th quarter worth about $26,000. Citadel Advisors LLC bought a new stake in shares of PodcastOne in the 4th quarter worth about $52,000. Apollon Wealth Management LLC bought a new stake in shares of PodcastOne in the 4th quarter worth about $54,000. International Assets Investment Management LLC lifted its holdings in shares of PodcastOne by 92.3% in the 4th quarter. International Assets Investment Management LLC now owns 30,600 shares of the company’s stock worth $64,000 after acquiring an additional 14,688 shares during the last quarter. Finally, Fleming James B JR bought a new stake in shares of PodcastOne in the 4th quarter worth about $189,000. Institutional investors own 2.87% of the company’s stock.

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.