PodcastOne, Inc. (NASDAQ:PODC) Director D Jonathan Merriman Purchases 7,000 Shares of Stock

PodcastOne, Inc. (NASDAQ:PODC) Director D Jonathan Merriman purchased 7,000 shares of the company’s stock in a transaction dated Tuesday, March 18th. The shares were purchased at an average price of $1.72 per share, for a total transaction of $12,040.00. Following the completion of the purchase, the director now owns 202,679 shares of the company’s stock, valued at approximately $348,607.88. This trade represents a 3.58 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

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

• On Monday, March 10th, D Jonathan Merriman bought 5,200 shares of PodcastOne stock. The stock was acquired at an average cost of $1.72 per share, with a total value of $8,944.00.
• On Wednesday, March 5th, D Jonathan Merriman purchased 8,700 shares of PodcastOne stock. The stock was bought at an average price of $1.87 per share, with a total value of $16,269.00.
• On Wednesday, February 26th, D Jonathan Merriman bought 7,700 shares of PodcastOne stock. The stock was bought at an average cost of $1.80 per share, with a total value of $13,860.00.
• On Wednesday, February 26th, D Jonathan Merriman acquired 7,700 shares of PodcastOne stock. The stock was acquired at an average price of $1.80 per share, for a total transaction 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, for a total transaction of $9,400.00.
• On Thursday, February 20th, D Jonathan Merriman purchased 5,500 shares of PodcastOne stock. The shares were bought at an average cost of $2.10 per share, for a total transaction of $11,550.00.

PodcastOne Stock Performance

Shares of NASDAQ PODC opened at $1.77 on Thursday. PodcastOne, Inc. has a 1 year low of $1.10 and a 1 year high of $2.85. The stock’s 50-day simple moving average is $2.07 and its 200-day simple moving average is $1.88. The firm has a market cap of $44.07 million, a price-to-earnings ratio of -7.38 and a beta of -0.20.

PodcastOne (NASDAQ:PODC) last announced 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, research analysts predict that PodcastOne, Inc. will post -0.24 EPS for the current year.

Institutional Investors Weigh In On PodcastOne

A number of institutional investors have recently made changes to their positions in the company. Renaissance Technologies LLC acquired a new position in shares of PodcastOne in the 4th quarter valued at about $26,000. International Assets Investment Management LLC boosted its stake in PodcastOne by 92.3% in the fourth quarter. International Assets Investment Management LLC now owns 30,600 shares of the company’s stock valued at $64,000 after acquiring an additional 14,688 shares during the period. Citadel Advisors LLC bought a new position in shares of PodcastOne during the fourth quarter valued at approximately $52,000. Apollon Wealth Management LLC acquired a new stake in shares of PodcastOne during the 4th quarter worth approximately $54,000. Finally, Fleming James B JR acquired a new stake in shares of PodcastOne during the 4th quarter worth approximately $189,000. 2.87% of the stock is currently owned by institutional investors.

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.