PodcastOne Q3 EPS Forecast Cut by Litchfield Hills Research

PodcastOne, Inc. (NASDAQ:PODC) – Litchfield Hills Research lowered their Q3 2027 EPS estimates for shares of PodcastOne in a research note issued on Wednesday, August 12th. Litchfield Hills Research analyst B. Sine now forecasts that the company will post earnings of ($0.01) per share for the quarter, down from their prior estimate of $0.03. The consensus estimate for PodcastOne’s current full-year earnings is $0.02 per share. Litchfield Hills Research also issued estimates for PodcastOne’s Q3 2028 earnings at $0.03 EPS.

A number of other research firms also recently issued reports on PODC. Wall Street Zen downgraded PodcastOne from a “buy” rating to a “hold” rating in a research note on Saturday, June 27th. Weiss Ratings reiterated a “sell (d-)” rating on shares of PodcastOne in a research note on Wednesday, June 24th. One analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, PodcastOne currently has an average rating of “Reduce”.

PodcastOne Stock Performance

PODC stock opened at $3.17 on Friday. PodcastOne has a fifty-two week low of $1.30 and a fifty-two week high of $5.20. The business’s 50-day moving average is $3.94 and its two-hundred day moving average is $3.28. The company has a market cap of $95.73 million, a price-to-earnings ratio of -26.42 and a beta of 2.15.

PodcastOne (NASDAQ:PODC) last issued its quarterly earnings data on Wednesday, August 12th. The company reported ($0.05) EPS for the quarter. The firm had revenue of $16.10 million during the quarter, compared to the consensus estimate of $17.76 million. PodcastOne had a negative return on equity of 19.85% and a negative net margin of 5.01%.

Institutional Trading of PodcastOne

Several institutional investors and hedge funds have recently modified their holdings of the company. Dimensional Fund Advisors LP purchased a new position in shares of PodcastOne during the 1st quarter valued at $30,000. Creative Planning purchased a new stake in PodcastOne in the 2nd quarter worth $49,000. Citadel Advisors LLC raised its holdings in PodcastOne by 267.5% during the third quarter. Citadel Advisors LLC now owns 41,958 shares of the company’s stock valued at $70,000 after acquiring an additional 30,541 shares during the period. NewEdge Advisors LLC bought a new stake in PodcastOne during the fourth quarter valued at about $81,000. Finally, BlackRock Inc. purchased a new position in shares of PodcastOne in the second quarter valued at about $280,000. 2.87% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, Director D Jonathan Merriman purchased 7,000 shares of the stock in a transaction on Friday, May 22nd. The shares were acquired at an average price of $4.38 per share, with a total value of $30,660.00. Following the completion of the acquisition, the director directly owned 309,732 shares of the company’s stock, valued at $1,356,626.16. This trade represents a 2.31% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. 7.80% of the stock is owned by corporate insiders.

About PodcastOne

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.