PodcastOne, Inc. (NASDAQ:PODC) Director D Jonathan Merriman Acquires 5,500 Shares of Stock

PodcastOne, Inc. (NASDAQ:PODC) Director D Jonathan Merriman acquired 5,500 shares of the firm’s stock in a transaction dated Thursday, February 20th. The shares were purchased at an average price of $2.10 per share, for a total transaction of $11,550.00. Following the completion of the transaction, the director now directly owns 174,579 shares in the company, valued at approximately $366,615.90. This trade represents a 3.25 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website.

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

• On Monday, February 24th, D Jonathan Merriman purchased 4,700 shares of PodcastOne stock. The stock was bought at an average price of $2.00 per share, for a total transaction of $9,400.00.

PodcastOne Trading Down 4.4 %

PODC stock opened at $1.95 on Wednesday. The stock has a market cap of $48.55 million, a PE ratio of -8.13 and a beta of -0.80. PodcastOne, Inc. has a 12 month low of $1.10 and a 12 month high of $2.85. The company has a 50-day moving average price of $2.23 and a 200 day moving average price of $1.85.

PodcastOne (NASDAQ:PODC) last announced its quarterly earnings results on Wednesday, February 12th. The company reported ($0.06) earnings per share for the quarter, topping the consensus estimate of ($0.07) by $0.01. PodcastOne had a negative net margin of 11.40% and a negative return on equity of 36.83%. Sell-side analysts forecast that PodcastOne, Inc. will post -0.24 EPS for the current year.

Institutional Inflows and Outflows

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