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

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

PodcastOne Stock Up 3.3 %

Shares of PODC opened at $1.88 on Monday. The firm’s 50-day moving average price is $1.52 and its 200-day moving average price is $1.77. PodcastOne, Inc. has a 1-year low of $1.20 and a 1-year high of $3.68.

PodcastOne (NASDAQ:PODC) last announced its earnings results on Tuesday, August 13th. The company reported ($0.06) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.06). The firm had revenue of $13.16 million for the quarter, compared to analyst estimates of $13.00 million. PodcastOne had a negative net margin of 34.67% and a negative return on equity of 96.68%. Sell-side analysts anticipate that PodcastOne, Inc. will post -0.25 earnings per share for the current year.

Analyst Ratings Changes

Separately, Litchfield Hills Research initiated coverage on shares of PodcastOne in a research note on Thursday, June 6th. They set 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.