D Jonathan Merriman Acquires 8,700 Shares of PodcastOne, Inc. (NASDAQ:PODC) Stock

PodcastOne, Inc. (NASDAQ:PODC) Director D Jonathan Merriman bought 8,700 shares of the firm’s stock in a transaction on Wednesday, March 5th. The stock was acquired at an average price of $1.87 per share, for a total transaction of $16,269.00. Following the transaction, the director now owns 195,679 shares of the company’s stock, valued at approximately $365,919.73. The trade was a 4.65 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

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 stock was bought at an average price of $1.80 per share, for a total transaction of $13,860.00.
• On Wednesday, February 26th, D Jonathan Merriman acquired 7,700 shares of PodcastOne stock. The shares were bought at an average price of $1.80 per share, with a total value of $13,860.00.
• On Monday, February 24th, D Jonathan Merriman bought 4,700 shares of PodcastOne stock. The stock was bought at an average price of $2.00 per share, for a total transaction of $9,400.00.
• On Thursday, February 20th, D Jonathan Merriman purchased 5,500 shares of PodcastOne stock. The shares were bought at an average price of $2.10 per share, with a total value of $11,550.00.

PodcastOne Stock Down 1.7 %

NASDAQ PODC opened at $1.72 on Friday. The company has a market cap of $42.82 million, a price-to-earnings ratio of -7.17 and a beta of -0.18. PodcastOne, Inc. has a twelve month low of $1.10 and a twelve month high of $2.85. The business’s fifty day moving average is $2.15 and its 200 day moving average is $1.86.

PodcastOne (NASDAQ:PODC) last announced its quarterly earnings results on Wednesday, February 12th. The company reported ($0.06) EPS for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.01. PodcastOne had a negative return on equity of 36.83% and a negative net margin of 11.40%. On average, research analysts anticipate that PodcastOne, Inc. will post -0.24 earnings per share for the current fiscal year.

Institutional Investors Weigh In On PodcastOne

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

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.