D Jonathan Merriman Acquires 10,200 Shares of PodcastOne (NASDAQ:PODC) Stock

Key Points

• D Jonathan Merriman bought 10,200 shares of PodcastOne on April 17 at an average price of $2.11 (total $21,522), increasing his stake to 302,732 shares—a 3.49% rise.
• PodcastOne shares were flat at $2.70 mid-day with a market capitalization of about $74.2M, a 1‑year range of $1.30–$3.35, and 50/200‑day moving averages of $2.39/$2.32.
• The company beat quarterly estimates (revenue $15.86M; EPS -$0.01 vs -$0.02 expected), but analyst coverage is negative with a consensus "Reduce" and Weiss Ratings reiterating a "sell (d-)."

PodcastOne, Inc. (NASDAQ:PODC - Get Free Report) Director D Jonathan Merriman bought 10,200 shares of the company's stock in a transaction that occurred on Friday, April 17th. The shares were bought at an average price of $2.11 per share, for a total transaction of $21,522.00. Following the completion of the acquisition, the director owned 302,732 shares in the company, valued at approximately $638,764.52. This trade represents a 3.49% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

D Jonathan Merriman also recently made the following trade(s):

• On Monday, March 23rd, D Jonathan Merriman bought 2,980 shares of PodcastOne stock. The shares were bought at an average price of $2.35 per share, for a total transaction of $7,003.00.
• On Thursday, March 12th, D Jonathan Merriman bought 6,300 shares of PodcastOne stock. The shares were bought at an average price of $2.22 per share, for a total transaction of $13,986.00.

PodcastOne Stock Performance

Shares of NASDAQ:PODC remained flat at $2.70 during mid-day trading on Tuesday. The company had a trading volume of 56,529 shares, compared to its average volume of 115,095. The firm 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 1-year low of $1.30 and a 1-year high of $3.35. The stock's 50-day moving average price is $2.39 and its 200 day moving average price is $2.32.

PodcastOne (NASDAQ:PODC - Get Free Report) last announced its 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. PodcastOne had a negative return on equity of 24.78% and a negative net margin of 6.22%.The business had revenue of $15.86 million for the quarter, compared to the consensus estimate of $15.03 million. On average, equities analysts expect that PodcastOne, Inc. will post -0.11 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a "sell (d-)" rating on shares of PodcastOne in a research note on Friday, March 27th. One research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Reduce".

Institutional Investors Weigh In On PodcastOne

Hedge funds have recently bought and sold shares of the business. NewEdge Advisors LLC acquired a new stake in PodcastOne during the 4th quarter valued at approximately $81,000. Citadel Advisors LLC grew its position in shares of 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 acquiring an additional 30,541 shares in the last quarter. Finally, Creative Planning acquired a new position in shares of PodcastOne in the 2nd quarter worth approximately $49,000. Institutional investors and hedge funds own 2.87% of the company's stock.

PodcastOne Company Profile

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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