PodcastOne, Inc. (NASDAQ:PODC) Director D Jonathan Merriman Buys 10,000 Shares of Stock

PodcastOne, Inc. (NASDAQ:PODC) Director D Jonathan Merriman acquired 10,000 shares of the business’s stock in a transaction dated Tuesday, September 24th. The shares were acquired at an average price of $1.65 per share, for a total transaction of $16,500.00. Following the acquisition, the director now directly owns 189,339 shares in the company, valued at $312,409.35. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink.

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

• On Friday, September 20th, D Jonathan Merriman purchased 14,000 shares of PodcastOne stock. The stock was bought at an average cost of $1.89 per share, for a total transaction of $26,460.00.
• On Wednesday, September 11th, D Jonathan Merriman acquired 17,800 shares of PodcastOne stock. The shares were bought at an average cost of $1.71 per share, with a total value of $30,438.00.
• On Monday, September 9th, D Jonathan Merriman acquired 10,000 shares of PodcastOne stock. The stock was bought at an average cost of $1.60 per share, for a total transaction of $16,000.00.
• On Tuesday, July 16th, D Jonathan Merriman bought 28,000 shares of PodcastOne stock. The shares were purchased at an average price of $1.56 per share, with a total value of $43,680.00.

PodcastOne Stock Up 2.2 %

PodcastOne stock opened at $1.61 on Friday. PodcastOne, Inc. has a 1-year low of $1.20 and a 1-year high of $3.68. The company has a fifty day simple moving average of $1.53 and a 200 day simple moving average of $1.76.

PodcastOne (NASDAQ:PODC) last released its earnings results on Tuesday, August 13th. The company reported ($0.06) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.06). PodcastOne had a negative return on equity of 96.68% and a negative net margin of 34.67%. The business had revenue of $13.16 million for the quarter, compared to the consensus estimate of $13.00 million. On average, equities analysts expect that PodcastOne, Inc. will post -0.25 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Separately, Litchfield Hills Research started coverage on PodcastOne in a research report on Thursday, June 6th. They set a “buy” rating and a $5.00 price objective 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.