Key Points
- Director D Jonathan Merriman purchased 7,373 shares on Nov 26 at $2.47 ($18,211.31) and, after additional buys in Sept–Nov, now owns 271,452 shares — a 2.79% increase in his stake.
- Despite the insider buying, PodcastOne shares are down about 10%, trading near $2.22 with a $59.7M market cap, negative EPS/ROE and a MarketBeat consensus rating of "Reduce".
PodcastOne, Inc. (NASDAQ:PODC - Get Free Report) Director D Jonathan Merriman purchased 7,373 shares of the company's stock in a transaction on Wednesday, November 26th. The shares were bought at an average price of $2.47 per share, with a total value of $18,211.31. Following the completion of the transaction, the director owned 271,452 shares of the company's stock, valued at approximately $670,486.44. The trade was a 2.79% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link.
D Jonathan Merriman also recently made the following trade(s):
- On Wednesday, November 19th, D Jonathan Merriman acquired 11,000 shares of PodcastOne stock. The stock was bought at an average price of $2.20 per share, for a total transaction of $24,200.00.
- On Friday, November 14th, D Jonathan Merriman acquired 10,700 shares of PodcastOne stock. The shares were bought at an average cost of $2.16 per share, with a total value of $23,112.00.
- On Thursday, September 4th, D Jonathan Merriman bought 10,000 shares of PodcastOne stock. The stock was bought at an average price of $1.58 per share, with a total value of $15,800.00.
PodcastOne Stock Down 10.1%
NASDAQ:PODC opened at $2.22 on Tuesday. PodcastOne, Inc. has a 52 week low of $1.28 and a 52 week high of $2.94. The stock's fifty day moving average is $2.03 and its two-hundred day moving average is $1.94. The stock has a market capitalization of $59.74 million, a price-to-earnings ratio of -11.10 and a beta of -0.11.
PodcastOne (NASDAQ:PODC - Get Free Report) last issued its quarterly earnings data on Wednesday, November 12th. The company reported ($0.04) earnings per share for the quarter, beating analysts' consensus estimates of ($0.05) by $0.01. The business had revenue of $15.16 million during the quarter, compared to analysts' expectations of $14.26 million. PodcastOne had a negative return on equity of 34.68% and a negative net margin of 9.07%. On average, sell-side analysts expect that PodcastOne, Inc. will post -0.24 EPS for the current fiscal year.
Institutional Investors Weigh In On PodcastOne
Large investors have recently bought and sold shares of the stock. XTX Topco Ltd acquired a new stake in PodcastOne in the 1st quarter valued at about $26,000. Pingora Partners LLC increased its stake in shares of PodcastOne by 122.3% during the first quarter. Pingora Partners LLC now owns 16,724 shares of the company's stock worth $27,000 after buying an additional 9,200 shares during the period. Thompson Davis & CO. Inc. purchased a new stake in shares of PodcastOne during the second quarter worth approximately $38,000. Creative Planning acquired a new stake in PodcastOne in the second quarter valued at approximately $49,000. Finally, Citadel Advisors LLC lifted its stake in PodcastOne by 267.5% in 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 last quarter. Hedge funds and other institutional investors own 2.87% of the company's stock.
Analyst Ratings Changes
PODC has been the topic of a number of recent research reports. Weiss Ratings reiterated a "sell (e+)" rating on shares of PodcastOne in a research note on Friday, October 31st. Zacks Research upgraded shares of PodcastOne from a "strong sell" rating to a "hold" rating in a report on Friday, November 14th. One equities research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Reduce".
Get Our Latest Report on PodcastOne
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.
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