Key Points
- Director D Jonathan Merriman bought 10,700 shares of PodcastOne on Nov. 14 at $2.16, boosting his stake to 253,079 shares (a 4.41% increase) and bringing his total insider purchases since Aug.–Sep. to about 37,500 shares, signaling notable insider accumulation.
- PodcastOne is a small-cap company (market cap ~$63.4M) with negative earnings metrics despite a slight quarterly beat (EPS -$0.04 vs. -$0.05 and revenue $15.16M), and the stock carries an average analyst rating of "Sell" (Weiss Ratings reissued a sell).
PodcastOne, Inc. (NASDAQ:PODC - Get Free Report) Director D Jonathan Merriman bought 10,700 shares of PodcastOne stock in a transaction on Friday, November 14th. The stock was acquired at an average cost of $2.16 per share, with a total value of $23,112.00. Following the acquisition, the director owned 253,079 shares in the company, valued at approximately $546,650.64. This represents a 4.41% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
D Jonathan Merriman also recently made the following trade(s):
- On Thursday, September 4th, D Jonathan Merriman purchased 10,000 shares of PodcastOne stock. The shares were acquired at an average cost of $1.58 per share, for a total transaction of $15,800.00.
- On Friday, August 22nd, D Jonathan Merriman acquired 11,100 shares of PodcastOne stock. The shares were acquired at an average cost of $1.49 per share, for a total transaction of $16,539.00.
- On Thursday, August 21st, D Jonathan Merriman bought 5,700 shares of PodcastOne stock. The stock was acquired at an average cost of $1.49 per share, with a total value of $8,493.00.
PodcastOne Stock Performance
PODC opened at $2.40 on Tuesday. The company's 50-day simple moving average is $1.91 and its two-hundred day simple moving average is $1.91. The stock has a market capitalization of $63.38 million, a P/E ratio of -12.00 and a beta of -0.07. PodcastOne, Inc. has a 52-week low of $1.28 and a 52-week high of $2.94.
PodcastOne (NASDAQ:PODC - Get Free Report) last released its quarterly earnings data on Tuesday, November 11th. The company reported ($0.04) earnings per share for the quarter, beating the consensus estimate of ($0.05) by $0.01. The firm had revenue of $15.16 million during the quarter, compared to analysts' expectations of $14.26 million. PodcastOne had a negative net margin of 9.07% and a negative return on equity of 34.54%. Research analysts forecast that PodcastOne, Inc. will post -0.24 EPS for the current fiscal year.
Wall Street Analyst Weigh In
Separately, Weiss Ratings reissued a "sell (e+)" rating on shares of PodcastOne in a report on Friday, October 31st. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, PodcastOne presently has an average rating of "Sell".
Read Our Latest Research Report on PodcastOne
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently modified their holdings of the business. Thompson Davis & CO. Inc. purchased a new position in PodcastOne during the second quarter valued at $38,000. XTX Topco Ltd bought a new stake in PodcastOne during the 1st quarter valued at about $26,000. Pingora Partners LLC boosted its position in PodcastOne by 122.3% in the 1st quarter. Pingora Partners LLC now owns 16,724 shares of the company's stock valued at $27,000 after buying an additional 9,200 shares during the period. Creative Planning bought a new position in PodcastOne in the 2nd quarter worth about $49,000. Finally, Citadel Advisors LLC increased its position in shares of PodcastOne by 267.5% during the third quarter. Citadel Advisors LLC now owns 41,958 shares of the company's stock worth $70,000 after acquiring an additional 30,541 shares during the period. Hedge funds and other institutional investors own 2.87% of the company's stock.
PodcastOne Company Profile
(
Get Free Report)
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.
See Also
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