PodcastOne, Inc. (NASDAQ:PODC) Director Purchases $16,000.00 in Stock

PodcastOne, Inc. (NASDAQ:PODC) Director D Jonathan Merriman purchased 10,000 shares of PodcastOne stock in a transaction dated Monday, September 9th. The shares were purchased at an average price of $1.60 per share, for a total transaction of $16,000.00. Following the completion of the acquisition, the director now owns 136,539 shares of the company’s stock, valued at approximately $218,462.40. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website.

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

• On Tuesday, July 16th, D Jonathan Merriman purchased 28,000 shares of PodcastOne stock. The shares were purchased at an average price of $1.56 per share, for a total transaction of $43,680.00.
• On Thursday, June 20th, D Jonathan Merriman purchased 7,700 shares of PodcastOne stock. The shares were purchased at an average price of $1.65 per share, for a total transaction of $12,705.00.

PodcastOne Trading Up 3.0 %

Shares of PODC stock opened at $1.68 on Thursday. The business’s 50 day simple moving average is $1.48 and its 200 day simple moving average is $1.78. PodcastOne, Inc. has a one year low of $1.20 and a one year high of $3.68.

PodcastOne (NASDAQ:PODC) last announced its earnings results on Tuesday, August 13th. The company reported ($0.06) EPS for the quarter, meeting the consensus estimate of ($0.06). PodcastOne had a negative return on equity of 96.68% and a negative net margin of 34.67%. The business had revenue of $13.16 million for the quarter, compared to analysts’ expectations of $13.00 million. As a group, equities analysts anticipate that PodcastOne, Inc. will post -0.25 EPS for the current year.

Wall Street Analyst Weigh In

Separately, Litchfield Hills Research assumed coverage on PodcastOne in a report on Thursday, June 6th. They set a “buy” rating and a $5.00 price target on the stock.

PodcastOne Company Profile

PodcastOne, Inc operates as a podcast platform and publisher. The company offers its content to audiences through podcasting distribution platforms, including its website, Apple Podcasts, Spotify, Amazon Music, and others. It also produces vodcasts, branded podcasts, merchandise, and live events. In addition, the company builds, owns, and operates LaunchPadOne, a self-publishing podcast platform.