PodcastOne, Inc. (NASDAQ:PODC) Director D Jonathan Merriman Buys 8,700 Shares

PodcastOne, Inc. (NASDAQ:PODC) Director D Jonathan Merriman purchased 8,700 shares of PodcastOne stock in a transaction dated Wednesday, March 5th. The stock was acquired at an average price of $1.87 per share, with a total value of $16,269.00. Following the acquisition, the director now owns 195,679 shares in the company, valued at approximately $365,919.73. This represents a 4.65 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

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

PodcastOne Price Performance

NASDAQ PODC opened at $1.72 on Monday. The firm has a market cap of $42.82 million, a PE ratio of -7.17 and a beta of -0.20. The company has a 50 day moving average price of $2.14 and a 200 day moving average price of $1.87. PodcastOne, Inc. has a 52 week low of $1.10 and a 52 week high of $2.85.

PodcastOne (NASDAQ:PODC) last posted its quarterly earnings data 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 anticipate that PodcastOne, Inc. will post -0.24 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

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

About PodcastOne

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.