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

PodcastOne, Inc. (NASDAQ:PODC - Get Free Report) Director D Jonathan Merriman acquired 5,500 shares of PodcastOne stock in a transaction dated Thursday, February 20th. The stock was purchased at an average price of $2.10 per share, with a total value of $11,550.00. Following the completion of the purchase, the director now owns 174,579 shares of the company's stock, valued at approximately $366,615.90. The trade was a 3.25 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

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

PodcastOne Stock Performance

Shares of PodcastOne stock traded down $0.06 during trading on Friday, hitting $1.71. 20,139 shares of the company's stock were exchanged, compared to its average volume of 40,852. The stock has a market capitalization of $42.57 million, a price-to-earnings ratio of -7.13 and a beta of -0.80. The business has a 50-day simple moving average of $2.21 and a 200-day simple moving average of $1.85. PodcastOne, Inc. has a 52-week low of $1.10 and a 52-week high of $2.85.

PodcastOne (NASDAQ:PODC - Get Free Report) last released its quarterly earnings data on Wednesday, February 12th. The company reported ($0.06) earnings per share 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%. On average, equities analysts anticipate that PodcastOne, Inc. will post -0.24 earnings per share for the current fiscal year.

Hedge Funds Weigh In On PodcastOne

Several large investors have recently made changes to their positions in PODC. International Assets Investment Management LLC raised its holdings in PodcastOne by 92.3% in the 4th quarter. International Assets Investment Management LLC now owns 30,600 shares of the company's stock worth $64,000 after purchasing an additional 14,688 shares during the period. Apollon Wealth Management LLC purchased a new stake in shares of PodcastOne in the fourth quarter valued at approximately $54,000. Citadel Advisors LLC acquired a new position in shares of PodcastOne during the 4th quarter worth approximately $52,000. Renaissance Technologies LLC purchased a new position in shares of PodcastOne during the 4th quarter valued at approximately $26,000. Finally, Fleming James B JR acquired a new stake in PodcastOne in the 4th quarter valued at $189,000. 2.87% of the stock is currently owned by institutional investors and hedge funds.

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.