PodcastOne, Inc. (NASDAQ:PODC) Director D Jonathan Merriman Buys 7,700 Shares

Posted by Anthony Bellafiore on Mar 1st, 2025

PodcastOne, Inc. (NASDAQ:PODC – Get Free Report) Director D Jonathan Merriman bought 7,700 shares of PodcastOne stock in a transaction on Wednesday, February 26th. The shares were purchased at an average cost of $1.80 per share, with a total value of $13,860.00. Following the completion of the purchase, the director now directly owns 186,979 shares in the company, valued at $336,562.20. This trade represents a 4.29 % increase in their ownership of the stock. The transaction was disclosed in a legal 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 purchased 7,700 shares of PodcastOne stock. The shares were acquired at an average cost of $1.80 per share, for a total transaction of $13,860.00.
On Monday, February 24th, D Jonathan Merriman acquired 4,700 shares of PodcastOne stock. The stock was acquired at an average cost of $2.00 per share, with a total value of $9,400.00.
On Thursday, February 20th, D Jonathan Merriman bought 5,500 shares of PodcastOne stock. The stock was bought at an average price of $2.10 per share, with a total value of $11,550.00.

PodcastOne Stock Performance

PODC opened at $1.71 on Friday. The company has a market capitalization of $42.57 million, a PE ratio of -7.13 and a beta of -0.80. PodcastOne, Inc. has a one year low of $1.10 and a one year high of $2.85. The stock’s fifty day moving average is $2.20 and its 200-day moving average is $1.85.

PodcastOne (NASDAQ:PODC – Get Free Report) last announced its earnings results on Wednesday, February 12th. The company reported ($0.06) EPS 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, equities research analysts forecast that PodcastOne, Inc. will post -0.24 EPS for the current fiscal year.

Institutional Trading of PodcastOne

Large investors have recently added to or reduced their stakes in the company. International Assets Investment Management LLC boosted its position 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 worth $64,000 after buying an additional 14,688 shares during the period. Apollon Wealth Management LLC purchased a new stake in PodcastOne in the 4th quarter worth about $54,000. Citadel Advisors LLC acquired a new stake in PodcastOne during the 4th quarter worth about $52,000. Renaissance Technologies LLC purchased a new position in PodcastOne during the 4th quarter valued at about $26,000. Finally, Fleming James B JR acquired a new position in shares of PodcastOne in the 4th quarter valued at about $189,000. 2.87% of the stock is owned by institutional investors and hedge funds.

PodcastOne Company Profile

(Get Free Report)

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.