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

PodcastOne, Inc. (NASDAQ:PODC) Director D Jonathan Merriman acquired 5,500 shares of the business’s stock in a transaction that occurred on Thursday, February 20th. The shares were purchased at an average cost of $2.10 per share, for a total transaction of $11,550.00. Following the completion of the transaction, the director now directly owns 174,579 shares in the company, valued at $366,615.90. The trade was a 3.25 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

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 acquired at an average price of $2.00 per share, for a total transaction of $9,400.00.

PodcastOne Price Performance

Shares of NASDAQ:PODC opened at $1.77 on Friday. PodcastOne, Inc. has a 1-year low of $1.10 and a 1-year high of $2.85. The firm’s 50 day simple moving average is $2.21 and its two-hundred day simple moving average is $1.85. The company has a market capitalization of $44.07 million, a P/E ratio of -7.38 and a beta of -0.80.

PodcastOne (NASDAQ:PODC) last announced its quarterly earnings results on Wednesday, February 12th. The company reported ($0.06) earnings per share for the quarter, topping 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%. On average, sell-side analysts anticipate that PodcastOne, Inc. will post -0.24 earnings per share for the current fiscal year.

Institutional Trading of PodcastOne

A number of hedge funds have recently added to or reduced their stakes in PODC. Renaissance Technologies LLC acquired a new position in shares of PodcastOne during the fourth quarter valued at about $26,000. International Assets Investment Management LLC grew its stake in shares of PodcastOne by 92.3% during the 4th quarter. International Assets Investment Management LLC now owns 30,600 shares of the company’s stock worth $64,000 after purchasing an additional 14,688 shares during the period. Citadel Advisors LLC acquired a new stake in shares of PodcastOne during the 4th quarter worth approximately $52,000. Apollon Wealth Management LLC purchased a new position in shares of PodcastOne during the 4th quarter valued at approximately $54,000. Finally, Fleming James B JR purchased a new position in shares of PodcastOne during the 4th quarter valued at approximately $189,000. 2.87% of the stock is owned by hedge funds and other institutional investors.

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.