D Jonathan Merriman Buys 17,800 Shares of PodcastOne, Inc. (NASDAQ:PODC) Stock

PodcastOne, Inc. (NASDAQ:PODC) Director D Jonathan Merriman acquired 17,800 shares of the company’s stock in a transaction dated Wednesday, September 11th. The stock was purchased at an average cost of $1.71 per share, with a total value of $30,438.00. Following the completion of the purchase, the director now directly owns 165,339 shares of the company’s stock, valued at approximately $282,729.69. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

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

• On Monday, September 9th, D Jonathan Merriman bought 10,000 shares of PodcastOne stock. The shares were purchased at an average price of $1.60 per share, with a total value of $16,000.00.
• On Tuesday, July 16th, D Jonathan Merriman purchased 28,000 shares of PodcastOne stock. The shares were acquired at an average cost of $1.56 per share, for a total transaction of $43,680.00.
• On Thursday, June 20th, D Jonathan Merriman acquired 7,700 shares of PodcastOne stock. The stock was acquired at an average price of $1.65 per share, with a total value of $12,705.00.

PodcastOne Stock Performance

Shares of NASDAQ PODC opened at $1.60 on Friday. The stock’s 50-day moving average is $1.48 and its two-hundred day moving average is $1.78. PodcastOne, Inc. has a 1-year low of $1.20 and a 1-year high of $3.68.

PodcastOne (NASDAQ:PODC) last released its quarterly earnings data on Tuesday, August 13th. The company reported ($0.06) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.06). The business had revenue of $13.16 million during the quarter, compared to analysts’ expectations of $13.00 million. PodcastOne had a negative net margin of 34.67% and a negative return on equity of 96.68%. Sell-side analysts expect that PodcastOne, Inc. will post -0.25 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Litchfield Hills Research assumed coverage on shares of PodcastOne in a research report on Thursday, June 6th. They issued a “buy” rating and a $5.00 price target for the company.

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.