PodcastOne (NASDAQ:PODC) Shares Down 2.8% - Here's Why

Key Points

• Shares of PodcastOne were down 2.8% to $2.08 in mid-day trading, with just 28,233 shares changing hands — about 38% below the stock’s average daily volume.
• Weiss Ratings reissued a "sell (d-)" and MarketBeat shows the stock's average analyst rating as Reduce (one Hold, one Sell).
• The company has a small market cap (~$56.5M) and negative profitability (P/E -13.87, net margin -6.22%, negative ROE), though it slightly beat quarterly EPS and revenue estimates; analysts forecast -0.24 EPS for the year.

PodcastOne, Inc. (NASDAQ:PODC - Get Free Report)'s stock price was down 2.8% during mid-day trading on Tuesday . The company traded as low as $2.08 and last traded at $2.08. Approximately 28,233 shares traded hands during mid-day trading, a decline of 38% from the average daily volume of 45,403 shares. The stock had previously closed at $2.14.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a "sell (d-)" rating on shares of PodcastOne in a research note on Friday, March 27th. One investment analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Reduce".

PodcastOne Stock Performance

The company has a market cap of $56.49 million, a price-to-earnings ratio of -13.87 and a beta of 0.48. The business has a 50-day simple moving average of $2.48 and a 200-day simple moving average of $2.28.

PodcastOne (NASDAQ:PODC - Get Free Report) last posted its quarterly 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. The company had revenue of $15.86 million for the quarter, compared to analyst estimates of $15.03 million. PodcastOne had a negative return on equity of 24.78% and a negative net margin of 6.22%. Research analysts anticipate that PodcastOne, Inc. will post -0.24 EPS for the current year.

Institutional Trading of PodcastOne

Several hedge funds have recently modified their holdings of PODC. NewEdge Advisors LLC acquired a new position in PodcastOne during the fourth quarter worth $81,000. Citadel Advisors LLC increased its position in PodcastOne by 267.5% during 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, Creative Planning purchased a new position in PodcastOne during the second quarter worth $49,000. 2.87% of the stock is owned by institutional investors and hedge funds.

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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