PodcastOne, Inc. (NASDAQ:PODC) Director Purchases $12,705.00 in Stock

PodcastOne, Inc. (NASDAQ:PODC) Director D Jonathan Merriman purchased 7,700 shares of the company’s stock in a transaction that occurred on Thursday, June 20th. The shares were purchased at an average cost of $1.65 per share, for a total transaction of $12,705.00. Following the completion of the purchase, the director now owns 96,539 shares in the company, valued at approximately $159,289.35. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Friday, June 7th, D Jonathan Merriman purchased 18,000 shares of PodcastOne stock. The shares were purchased at an average cost of $1.86 per share, for a total transaction of $33,480.00.
• On Wednesday, June 5th, D Jonathan Merriman purchased 22,000 shares of PodcastOne stock. The shares were purchased at an average cost of $1.95 per share, for a total transaction of $42,900.00.
• On Monday, June 3rd, D Jonathan Merriman acquired 28,839 shares of PodcastOne stock. The stock was bought at an average cost of $1.86 per share, with a total value of $53,640.54.

PodcastOne Price Performance

Shares of NASDAQ PODC opened at $1.55 on Thursday. The stock has a fifty day simple moving average of $1.84 and a two-hundred day simple moving average of $1.87. PodcastOne, Inc. has a 1-year low of $1.37 and a 1-year high of $5.80.

PodcastOne (NASDAQ:PODC) last posted its earnings results on Thursday, May 30th. The company reported ($0.05) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.05). The firm had revenue of $11.71 million for the quarter. PodcastOne had a negative return on equity of 108.47% and a negative net margin of 34.02%. Equities research analysts expect that PodcastOne, Inc. will post -0.22 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

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

Institutional Investors Weigh In On PodcastOne

A hedge fund recently bought a new stake in PodcastOne stock. Fuller & Thaler Asset Management Inc. acquired a new stake in shares of PodcastOne, Inc. (NASDAQ:PODC) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 49,227 shares of the company’s stock, valued at approximately $97,000. Fuller & Thaler Asset Management Inc. owned about 0.22% of PodcastOne at the end of the most recent quarter. 2.87% of the stock is owned by hedge funds and other institutional investors.

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.