PodcastOne, Inc. (NASDAQ:PODC - Get Free Report) Director D Jonathan Merriman bought 11,300 shares of the firm's stock in a transaction that occurred on Monday, August 17th. The shares were acquired at an average price of $2.80 per share, with a total value of $31,640.00. Following the purchase, the director owned 338,032 shares in the company, valued at $946,489.60. This trade represents a 3.46% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
D Jonathan Merriman also recently made the following trade(s):
- On Friday, August 14th, D Jonathan Merriman purchased 17,000 shares of PodcastOne stock. The stock was acquired at an average cost of $3.20 per share, for a total transaction of $54,400.00.
- On Friday, May 22nd, D Jonathan Merriman purchased 7,000 shares of PodcastOne stock. The shares were acquired at an average price of $4.38 per share, with a total value of $30,660.00.
PodcastOne Trading Down 10.7%
PODC opened at $2.83 on Tuesday. The business has a 50 day moving average of $3.88 and a 200-day moving average of $3.28. The stock has a market capitalization of $85.46 million, a price-to-earnings ratio of -23.58 and a beta of 2.15. PodcastOne, Inc. has a 1-year low of $1.30 and a 1-year high of $5.20.
PodcastOne (NASDAQ:PODC - Get Free Report) last announced its earnings results on Wednesday, August 12th. The company reported ($0.05) earnings per share (EPS) for the quarter. The company had revenue of $16.12 million for the quarter, compared to the consensus estimate of $17.76 million. PodcastOne had a negative return on equity of 19.85% and a negative net margin of 5.01%. Equities analysts predict that PodcastOne, Inc. will post -0.09 EPS for the current year.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently bought and sold shares of PODC. BlackRock Inc. acquired a new stake in PodcastOne during the second quarter worth $280,000. NewEdge Advisors LLC raised its stake in shares of PodcastOne by 168.2% in the 1st quarter. NewEdge Advisors LLC now owns 88,455 shares of the company's stock valued at $180,000 after buying an additional 55,473 shares in the last quarter. Citadel Advisors LLC raised its stake in shares of PodcastOne by 267.5% in the 3rd quarter. Citadel Advisors LLC now owns 41,958 shares of the company's stock valued at $70,000 after buying an additional 30,541 shares in the last quarter. Creative Planning bought a new position in shares of PodcastOne during the 2nd quarter worth about $49,000. Finally, Dimensional Fund Advisors LP bought a new position in shares of PodcastOne during the 1st quarter worth about $30,000. 2.87% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
Several research analysts have recently issued reports on the stock. Weiss Ratings restated a "sell (d-)" rating on shares of PodcastOne in a report on Wednesday, June 24th. Wall Street Zen downgraded PodcastOne from a "buy" rating to a "hold" rating in a research report on Saturday, June 27th. One research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Reduce".
Get Our Latest Analysis on PODC
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.
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