PodcastOne (NASDAQ:PODC) Announces Quarterly Earnings Results, Beats Expectations By $0.01 EPS

PodcastOne (NASDAQ:PODC) announced its quarterly earnings results on Wednesday. The company reported ($0.01) earnings per share for the quarter, beating the consensus estimate of ($0.02) by $0.01, Zacks reports. PodcastOne had a negative return on equity of 34.68% and a negative net margin of 9.07%.

PodcastOne Stock Down 9.2%

Shares of NASDAQ PODC traded down $0.28 during trading on Thursday, hitting $2.73. The company had a trading volume of 830,483 shares, compared to its average volume of 186,614. The firm has a market capitalization of $73.33 million, a price-to-earnings ratio of -13.62 and a beta of -0.11. The stock has a fifty day simple moving average of $2.47 and a two-hundred day simple moving average of $2.07. PodcastOne has a fifty-two week low of $1.28 and a fifty-two week high of $3.35.

Analyst Ratings Changes

A number of analysts recently issued reports on PODC shares. Zacks Research raised shares of PodcastOne from a “strong sell” rating to a “hold” rating in a report on Friday, November 14th. Weiss Ratings reiterated a “sell (d-)” rating on shares of PodcastOne in a research report on Monday, December 29th. One investment analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Reduce”.

Institutional Investors Weigh In On PodcastOne

A hedge fund recently bought a new stake in PodcastOne stock. Creative Planning purchased a new position in PodcastOne, Inc. (NASDAQ:PODC) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 20,128 shares of the company’s stock, valued at approximately $49,000. Creative Planning owned approximately 0.08% of PodcastOne at the end of the most recent quarter. Institutional investors and hedge funds own 2.87% of the company’s stock.

PodcastOne Company Profile

PodcastOne is a leading digital audio network specializing in the development, production and distribution of original podcast programming. The company offers a diverse slate of exclusive shows spanning genres such as entertainment, sports, business, politics and lifestyle. Its content lineup features long-form interviews, narrative series and personality-driven talk formats designed to engage listeners across North America and beyond.

The company’s revenue model centers on advertising and branded content solutions.