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

PodcastOne, Inc. (NASDAQ:PODC) Director D Jonathan Merriman purchased 10,000 shares of the stock in a transaction on Monday, September 9th. The stock was bought at an average price of $1.60 per share, for a total transaction of $16,000.00. Following the completion of the transaction, the director now directly owns 136,539 shares of the company’s stock, valued at $218,462.40. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink.

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

• On Tuesday, July 16th, D Jonathan Merriman bought 28,000 shares of PodcastOne stock. The stock was purchased at an average price of $1.56 per share, for a total transaction of $43,680.00.
• On Thursday, June 20th, D Jonathan Merriman acquired 7,700 shares of PodcastOne stock. The shares were purchased at an average cost of $1.65 per share, for a total transaction of $12,705.00.

PodcastOne Stock Down 1.1 %

Shares of NASDAQ PODC traded down $0.02 during mid-day trading on Tuesday, hitting $1.63. The company’s stock had a trading volume of 31,911 shares, compared to its average volume of 41,283. The company’s fifty day simple moving average is $1.48 and its 200-day simple moving average is $1.78. PodcastOne, Inc. has a one year low of $1.20 and a one year high of $4.00.

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

Wall Street Analysts Forecast Growth

Separately, Litchfield Hills Research initiated coverage on PodcastOne in a research note on Thursday, June 6th. They issued a “buy” rating and a $5.00 price objective on the 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.