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

PodcastOne, Inc. (NASDAQ:PODC) Director D Jonathan Merriman purchased 7,700 shares of the business’s stock in a transaction that occurred on Thursday, June 20th. The stock was bought at an average price of $1.65 per share, for a total transaction of $12,705.00. Following the acquisition, the director now owns 96,539 shares of the company’s stock, valued at $159,289.35. The acquisition was disclosed in a legal filing with the SEC, which is available at this link.

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

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

PodcastOne Stock Up 5.1 %

PODC opened at $1.66 on Monday. The stock has a 50-day moving average price of $1.88 and a 200-day moving average price of $1.88. PodcastOne, Inc. has a 1 year low of $1.37 and a 1 year high of $5.80.

PodcastOne (NASDAQ:PODC) last posted its quarterly 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). PodcastOne had a negative return on equity of 108.47% and a negative net margin of 34.02%. The firm had revenue of $11.71 million during the quarter. As a group, equities research analysts expect that PodcastOne, Inc. will post -0.22 EPS for the current fiscal year.

Hedge Funds Weigh In On PodcastOne

A hedge fund recently bought a new stake in PodcastOne stock. Fuller & Thaler Asset Management Inc. purchased a new stake in shares of PodcastOne, Inc. (NASDAQ:PODC) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 49,227 shares of the company’s stock, valued at approximately $97,000. Fuller & Thaler Asset Management Inc. owned about 0.22% of PodcastOne as of its most recent SEC filing. 2.87% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

PODC has been the topic of a number of research reports. Litchfield Hills Research initiated coverage on shares of PodcastOne in a report on Thursday, June 6th. They set a “buy” rating and a $5.00 target price on the stock. Roth Capital restated a “buy” rating on shares of PodcastOne in a report on Monday, February 26th. Finally, Roth Mkm began coverage on PodcastOne in a research report on Monday, February 26th. They issued a “buy” rating and a $4.50 price target for the company.

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.