D Jonathan Merriman Purchases 5,500 Shares of PodcastOne, Inc. (NASDAQ:PODC) Stock

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

PodcastOne Stock Up 1.5 %

PODC stock opened at $2.04 on Tuesday. The stock has a market cap of $50.79 million, a price-to-earnings ratio of -8.50 and a beta of -0.80. PodcastOne, Inc. has a fifty-two week low of $1.10 and a fifty-two week high of $2.85. The business has a 50 day moving average price of $2.24 and a 200 day moving average price of $1.85.

PodcastOne (NASDAQ:PODC) last issued its quarterly earnings data 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%. As a group, sell-side analysts anticipate that PodcastOne, Inc. will post -0.24 EPS for the current year.

Hedge Funds Weigh In On PodcastOne

Several large investors have recently bought and sold shares of PODC. International Assets Investment Management LLC lifted its holdings in shares of PodcastOne by 92.3% in the 4th 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 last quarter. Apollon Wealth Management LLC acquired a new position in PodcastOne during the fourth quarter worth approximately $54,000. Citadel Advisors LLC purchased a new stake in PodcastOne in the fourth quarter valued at approximately $52,000. Renaissance Technologies LLC purchased a new stake in PodcastOne in the fourth quarter valued at approximately $26,000. Finally, Fleming James B JR acquired a new stake in shares of PodcastOne in the fourth quarter valued at approximately $189,000. Institutional investors and hedge funds own 2.87% of the company’s stock.

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.