Key Points
- Director D Jonathan Merriman bought 6,100 shares on Dec. 16 at $2.08 each for $12,688, bringing his direct stake to 283,252 shares (a 2.20% increase) after several other purchases in Nov–Dec totaling tens of thousands of shares.
- PODC stock opened at $2.22 (recently up about 4.2%), with a 50‑day/200‑day SMA of $2.17/$1.96; the company beat quarterly revenue and EPS estimates but remains unprofitable with negative margins and a negative P/E.
- Brokerage coverage is mixed and muted — market consensus is a "Reduce" rating (one Hold, one Sell) — and institutional ownership is low at about 2.87%, though several firms have recently added positions.
PodcastOne, Inc. (NASDAQ:PODC - Get Free Report) Director D Jonathan Merriman acquired 6,100 shares of the company's stock in a transaction on Tuesday, December 16th. The stock was acquired at an average price of $2.08 per share, for a total transaction of $12,688.00. Following the purchase, the director directly owned 283,252 shares of the company's stock, valued at approximately $589,164.16. This trade represents a 2.20% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.
D Jonathan Merriman also recently made the following trade(s):
- On Friday, December 5th, D Jonathan Merriman bought 5,700 shares of PodcastOne stock. The stock was acquired at an average cost of $2.16 per share, with a total value of $12,312.00.
- On Wednesday, November 26th, D Jonathan Merriman purchased 7,373 shares of PodcastOne stock. The stock was bought at an average price of $2.47 per share, with a total value of $18,211.31.
- On Wednesday, November 19th, D Jonathan Merriman purchased 11,000 shares of PodcastOne stock. The stock was bought at an average cost of $2.20 per share, with a total value of $24,200.00.
- On Friday, November 14th, D Jonathan Merriman bought 10,700 shares of PodcastOne stock. The stock was purchased at an average price of $2.16 per share, with a total value of $23,112.00.
PodcastOne Stock Up 4.2%
Shares of PODC stock opened at $2.22 on Friday. The business has a fifty day simple moving average of $2.17 and a 200 day simple moving average of $1.96. The company has a market cap of $59.74 million, a P/E ratio of -11.25 and a beta of -0.11. PodcastOne, Inc. has a twelve month low of $1.28 and a twelve month high of $2.94.
PodcastOne (NASDAQ:PODC - Get Free Report) last announced its quarterly earnings results on Wednesday, November 12th. The company reported ($0.04) EPS for the quarter, beating analysts' consensus estimates of ($0.05) by $0.01. PodcastOne had a negative return on equity of 34.68% and a negative net margin of 9.07%.The firm had revenue of $15.16 million for the quarter, compared to analyst estimates of $14.26 million. As a group, equities research analysts anticipate that PodcastOne, Inc. will post -0.24 earnings per share for the current fiscal year.
Institutional Investors Weigh In On PodcastOne
Several institutional investors have recently bought and sold shares of the stock. Rockefeller Capital Management L.P. purchased a new position in PodcastOne during the 2nd quarter worth $316,000. Pingora Partners LLC boosted its holdings in 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 purchasing an additional 9,200 shares during the last quarter. Citadel Advisors LLC grew its position in PodcastOne by 267.5% in the 3rd quarter. Citadel Advisors LLC now owns 41,958 shares of the company's stock worth $70,000 after purchasing an additional 30,541 shares in the last quarter. Creative Planning purchased a new stake in PodcastOne in the 2nd quarter valued at about $49,000. Finally, Thompson Davis & CO. Inc. bought a new position in shares of PodcastOne during the 2nd quarter worth approximately $38,000. Institutional investors own 2.87% of the company's stock.
Analyst Ratings Changes
A number of brokerages have recently issued reports on PODC. Zacks Research upgraded shares of PodcastOne from a "strong sell" rating to a "hold" rating in a research report on Friday, November 14th. Weiss Ratings reiterated a "sell (d-)" rating on shares of PodcastOne in a report on Monday. One equities research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, PodcastOne presently has a consensus rating of "Reduce".
Get Our Latest Stock Analysis on PODC
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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