PodcastOne, Inc. (NASDAQ:PODC) Chairman Purchases $16,389.55 in Stock

PodcastOne, Inc. (NASDAQ:PODC) Chairman Robert S. Ellin bought 9,055 shares of the firm’s stock in a transaction that occurred on Thursday, September 19th. The stock was acquired at an average price of $1.81 per share, for a total transaction of $16,389.55. Following the transaction, the chairman now owns 108,563 shares in the company, valued at $196,499.03. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

PodcastOne Trading Up 3.3 %

Shares of NASDAQ:PODC opened at $1.88 on Monday. The company’s fifty day moving average is $1.52 and its 200 day moving average is $1.77. PodcastOne, Inc. has a 52 week low of $1.20 and a 52 week high of $3.68.

PodcastOne (NASDAQ:PODC) last issued its earnings results on Tuesday, August 13th. The company reported ($0.06) EPS for the quarter, hitting analysts’ consensus estimates of ($0.06). PodcastOne had a negative net margin of 34.67% and a negative return on equity of 96.68%. The company had revenue of $13.16 million for the quarter, compared to analysts’ expectations of $13.00 million. As a group, sell-side analysts forecast that PodcastOne, Inc. will post -0.25 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Litchfield Hills Research began coverage on shares of PodcastOne in a research report on Thursday, June 6th. They issued a “buy” rating and a $5.00 target price 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.