Key Points
- Insider Ryan Carhart bought 4,500 shares on April 17 at $2.24 each (total $10,080), increasing his holding by 68.59% to 11,061 shares valued at $24,776.64.
- PodcastOne is a small-cap company (market cap $74.22M) that slightly beat recent EPS and revenue estimates but remains unprofitable (net margin -6.22%, ROE -24.78%); analysts' average rating is "Reduce" and Weiss Ratings reiterated a "sell (d-)."
PodcastOne, Inc. (NASDAQ:PODC - Get Free Report) insider Ryan Carhart purchased 4,500 shares of the business's stock in a transaction that occurred on Friday, April 17th. The shares were purchased at an average price of $2.24 per share, for a total transaction of $10,080.00. Following the completion of the acquisition, the insider directly owned 11,061 shares in the company, valued at $24,776.64. The trade was a 68.59% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
PodcastOne Stock Performance
Shares of NASDAQ:PODC opened at $2.70 on Wednesday. The company has a market capitalization of $74.22 million, a price-to-earnings ratio of -18.00 and a beta of 0.48. PodcastOne, Inc. has a 12 month low of $1.30 and a 12 month high of $3.35. The firm's 50-day moving average is $2.39 and its 200 day moving average is $2.32.
PodcastOne (NASDAQ:PODC - Get Free Report) last issued its quarterly earnings results on Thursday, February 12th. The company reported ($0.01) EPS for the quarter, beating the consensus estimate of ($0.02) by $0.01. The company had revenue of $15.86 million for the quarter, compared to the consensus estimate of $15.03 million. PodcastOne had a negative net margin of 6.22% and a negative return on equity of 24.78%. As a group, equities analysts forecast that PodcastOne, Inc. will post -0.11 EPS for the current fiscal year.
Institutional Investors Weigh In On PodcastOne
A number of institutional investors and hedge funds have recently bought and sold shares of the company. Creative Planning bought a new position in shares of PodcastOne during the second quarter valued at approximately $49,000. Citadel Advisors LLC boosted its stake in shares of PodcastOne by 267.5% during the third quarter. Citadel Advisors LLC now owns 41,958 shares of the company's stock valued at $70,000 after purchasing an additional 30,541 shares in the last quarter. Finally, NewEdge Advisors LLC bought a new position in shares of PodcastOne during the fourth quarter valued at approximately $81,000. 2.87% of the stock is owned by institutional investors.
Analyst Ratings Changes
Separately, Weiss Ratings reiterated a "sell (d-)" rating on shares of PodcastOne in a report on Friday, March 27th. One analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of "Reduce".
View Our Latest Report on PodcastOne
PodcastOne Company Profile
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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.
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