PodcastOne, Inc. (NASDAQ:PODC) Director Purchases $12,705.00 in Stock

PodcastOne, Inc. (NASDAQ:PODC) Director D Jonathan Merriman bought 7,700 shares of the company’s stock in a transaction dated Thursday, June 20th. The shares were acquired at an average cost of $1.65 per share, for a total transaction of $12,705.00. Following the completion of the transaction, the director now owns 96,539 shares of the company’s stock, valued at approximately $159,289.35. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Friday, June 7th, D Jonathan Merriman acquired 18,000 shares of PodcastOne stock. The stock was purchased at an average cost of $1.86 per share, with a total value of $33,480.00.
• On Wednesday, June 5th, D Jonathan Merriman acquired 22,000 shares of PodcastOne stock. The stock was purchased at an average cost of $1.95 per share, with a total value of $42,900.00.
• On Monday, June 3rd, D Jonathan Merriman bought 28,839 shares of PodcastOne stock. The stock was bought at an average price of $1.86 per share, with a total value of $53,640.54.

PodcastOne Stock Performance

PODC opened at $1.55 on Thursday. PodcastOne, Inc. has a 1-year low of $1.37 and a 1-year high of $5.80. The business has a 50 day moving average price of $1.84 and a two-hundred day moving average price of $1.87.

PodcastOne (NASDAQ:PODC) last released its earnings results on Thursday, May 30th. The company reported ($0.05) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.05). The firm had revenue of $11.71 million during the quarter. PodcastOne had a negative return on equity of 108.47% and a negative net margin of 34.02%. Sell-side analysts anticipate that PodcastOne, Inc. will post -0.22 EPS for the current year.

Wall Street Analyst Weigh In

Separately, Litchfield Hills Research started coverage on PodcastOne in a research report on Thursday, June 6th. They set a “buy” rating and a $5.00 price objective for the company.

Institutional Investors Weigh In On PodcastOne

An institutional investor recently bought a new position in PodcastOne stock. Fuller & Thaler Asset Management Inc. purchased a new stake in PodcastOne, Inc. (NASDAQ:PODC) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 49,227 shares of the company’s stock, valued at approximately $97,000. Fuller & Thaler Asset Management Inc. owned approximately 0.22% of PodcastOne as of its most recent filing with the Securities and Exchange Commission (SEC). 2.87% of the stock is owned by hedge funds and other 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.