PodcastOne, Inc. (NASDAQ:PODC - Get Free Report) Director D Jonathan Merriman purchased 6,300 shares of the firm's stock in a transaction that occurred on Thursday, March 12th. The shares were bought at an average price of $2.22 per share, with a total value of $13,986.00. Following the completion of the acquisition, the director owned 289,552 shares of the company's stock, valued at $642,805.44. This trade represents a 2.22% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
D Jonathan Merriman also recently made the following trade(s):
- On Tuesday, December 16th, D Jonathan Merriman acquired 6,100 shares of PodcastOne stock. The shares were bought at an average cost of $2.08 per share, for a total transaction of $12,688.00.
PodcastOne Stock Performance
PodcastOne stock opened at $2.41 on Tuesday. PodcastOne, Inc. has a twelve month low of $1.28 and a twelve month high of $3.35. The firm has a market cap of $65.46 million, a PE ratio of -16.07 and a beta of 0.01. The firm's 50 day moving average price is $2.59 and its two-hundred day moving average price is $2.22.
PodcastOne (NASDAQ:PODC - Get Free Report) last issued its earnings results on Thursday, February 12th. The company reported ($0.01) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.02) by $0.01. PodcastOne had a negative net margin of 6.22% and a negative return on equity of 24.78%. The company had revenue of $15.86 million during the quarter, compared to analyst estimates of $15.03 million. Equities analysts anticipate that PodcastOne, Inc. will post -0.24 EPS for the current fiscal year.
Institutional Trading of PodcastOne
A number of institutional investors have recently added to or reduced their stakes in the business. Creative Planning bought a new stake in PodcastOne in the second quarter worth approximately $49,000. Citadel Advisors LLC increased its stake in shares of PodcastOne by 267.5% during 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 during the last quarter. NewEdge Advisors LLC bought a new position in shares of PodcastOne during the 4th quarter valued at $81,000. Finally, Rockefeller Capital Management L.P. bought a new position in shares of PodcastOne during the 2nd quarter valued at $316,000. 2.87% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Separately, Weiss Ratings restated a "sell (d-)" rating on shares of PodcastOne in a research note on Monday, December 29th. One research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, PodcastOne currently has a consensus rating of "Reduce".
Check Out Our Latest Research Report on PodcastOne
PodcastOne Company Profile
(
Get Free Report)
PodcastOne is a leading digital audio network specializing in the development, production and distribution of original podcast programming. The company offers a diverse slate of exclusive shows spanning genres such as entertainment, sports, business, politics and lifestyle. Its content lineup features long-form interviews, narrative series and personality-driven talk formats designed to engage listeners across North America and beyond.
The company's revenue model centers on advertising and branded content solutions.
Further Reading
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