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

PodcastOne, Inc. (NASDAQ:PODC) Director D Jonathan Merriman bought 7,000 shares of the firm’s stock in a transaction dated Tuesday, March 18th. The stock was bought at an average cost of $1.72 per share, with a total value of $12,040.00. Following the transaction, the director now directly 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 acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link.

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 bought 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 acquired at an average cost of $1.87 per share, with a total value of $16,269.00.
• On Wednesday, February 26th, D Jonathan Merriman purchased 7,700 shares of PodcastOne stock. The stock was acquired at an average cost of $1.80 per share, with a total value of $13,860.00.
• On Wednesday, February 26th, D Jonathan Merriman purchased 7,700 shares of PodcastOne stock. The stock was acquired at an average cost of $1.80 per share, with a total value 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 cost of $2.00 per share, with a total value of $9,400.00.
• On Thursday, February 20th, D Jonathan Merriman purchased 5,500 shares of PodcastOne stock. The stock was acquired at an average cost of $2.10 per share, with a total value of $11,550.00.

PodcastOne Stock Performance

Shares of PODC opened at $1.72 on Friday. The company has a market capitalization of $42.82 million, a P/E ratio of -7.17 and a beta of -0.20. PodcastOne, Inc. has a one year low of $1.10 and a one year high of $2.85. The stock has a 50-day moving average price of $2.05 and a 200 day moving average price of $1.88.

PodcastOne (NASDAQ:PODC) last issued its quarterly earnings results on Wednesday, February 12th. The company reported ($0.06) EPS for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.01. PodcastOne had a negative return on equity of 36.83% and a negative net margin of 11.40%. As a group, equities research analysts forecast that PodcastOne, Inc. will post -0.24 earnings per share for the current fiscal year.

Institutional Trading of PodcastOne

Several institutional investors and hedge funds have recently bought and sold shares of PODC. Renaissance Technologies LLC acquired a new stake in PodcastOne during the fourth quarter valued at approximately $26,000. Citadel Advisors LLC acquired a new stake in PodcastOne during the fourth quarter valued at approximately $52,000. Apollon Wealth Management LLC acquired a new stake in PodcastOne during the fourth quarter valued at approximately $54,000. International Assets Investment Management LLC raised its stake in PodcastOne by 92.3% during the fourth quarter. International Assets Investment Management LLC now owns 30,600 shares of the company’s stock valued at $64,000 after buying an additional 14,688 shares in the last quarter. Finally, Fleming James B JR acquired a new stake in PodcastOne during the fourth quarter valued at approximately $189,000. Institutional investors and hedge funds own 2.87% of the company’s stock.

About PodcastOne

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.