PodcastOne, Inc. (NASDAQ:PODC - Get Free Report) Director D Jonathan Merriman acquired 15,700 shares of the business's stock in a transaction that occurred on Friday, August 21st. The shares were bought at an average price of $2.75 per share, with a total value of $43,175.00. Following the completion of the purchase, the director owned 353,732 shares in the company, valued at $972,763. This trade represents a 4.64% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
D Jonathan Merriman also recently made the following trade(s):
- On Monday, August 17th, D Jonathan Merriman bought 11,300 shares of PodcastOne stock. The stock was purchased at an average cost of $2.80 per share, with a total value of $31,640.00.
- On Friday, August 14th, D Jonathan Merriman bought 17,000 shares of PodcastOne stock. The shares were purchased at an average price of $3.20 per share, for a total transaction of $54,400.00.
PodcastOne Price Performance
Shares of NASDAQ:PODC opened at $2.69 on Wednesday. The company has a market capitalization of $81.37 million, a P/E ratio of -22.42 and a beta of 2.15. PodcastOne, Inc. has a 1-year low of $1.31 and a 1-year high of $5.20. The firm's 50 day simple moving average is $3.70 and its two-hundred day simple moving average is $3.28.
PodcastOne (NASDAQ:PODC - Get Free Report) last announced its quarterly earnings data on Wednesday, August 12th. The company reported ($0.05) earnings per share (EPS) for the quarter. The firm had revenue of $16.12 million during the quarter, compared to analysts' expectations of $17.76 million. PodcastOne had a negative return on equity of 17.56% and a negative net margin of 5.01%. On average, sell-side analysts anticipate that PodcastOne, Inc. will post -0.12 earnings per share for the current fiscal year.
Institutional Trading of PodcastOne
Several hedge funds have recently bought and sold shares of the stock. Dimensional Fund Advisors LP bought a new position in shares of PodcastOne during the 1st quarter valued at about $30,000. Permanens Capital L.P. bought a new stake in shares of PodcastOne in the second quarter worth about $45,000. Creative Planning purchased a new stake in shares of PodcastOne in the second quarter worth about $49,000. Citadel Advisors LLC lifted its position in shares of 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 buying an additional 30,541 shares in the last quarter. Finally, NewEdge Advisors LLC bought a new position in PodcastOne during the fourth quarter valued at approximately $81,000. 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 analyst reports. Weiss Ratings reissued a "sell (d-)" rating on shares of PodcastOne in a report on Wednesday, June 24th. Zacks Research lowered PodcastOne from a "hold" rating to a "strong sell" rating in a research note on Wednesday, August 19th. Finally, Wall Street Zen cut PodcastOne from a "hold" rating to a "sell" rating in a research report on Saturday. Two equities research analysts have rated the stock with a Sell rating, According to data from MarketBeat, the stock presently has a consensus rating of "Sell".
Read Our Latest 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.
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