D Jonathan Merriman Buys 14,000 Shares of PodcastOne, Inc. (NASDAQ:PODC) Stock

PodcastOne, Inc. (NASDAQ:PODC) Director D Jonathan Merriman bought 14,000 shares of the business’s stock in a transaction dated Friday, September 20th. The shares were bought at an average cost of $1.89 per share, for a total transaction of $26,460.00. Following the purchase, the director now directly owns 179,339 shares in the company, valued at approximately $338,950.71. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

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

• On Wednesday, September 11th, D Jonathan Merriman purchased 17,800 shares of PodcastOne stock. The shares were acquired at an average cost of $1.71 per share, with a total value of $30,438.00.
• On Monday, September 9th, D Jonathan Merriman bought 10,000 shares of PodcastOne stock. The stock was purchased at an average cost of $1.60 per share, with a total value of $16,000.00.
• On Tuesday, July 16th, D Jonathan Merriman bought 28,000 shares of PodcastOne stock. The shares were acquired at an average price of $1.56 per share, with a total value of $43,680.00.

PodcastOne Trading Down 11.0 %

PODC stock opened at $1.62 on Wednesday. The company has a fifty day simple moving average of $1.53 and a two-hundred day simple moving average of $1.77. PodcastOne, Inc. has a 52 week low of $1.20 and a 52 week high of $3.68.

PodcastOne (NASDAQ:PODC) last posted its quarterly earnings results on Tuesday, August 13th. The company reported ($0.06) EPS for the quarter, hitting the consensus estimate of ($0.06). The company had revenue of $13.16 million for the quarter, compared to the consensus estimate of $13.00 million. PodcastOne had a negative net margin of 34.67% and a negative return on equity of 96.68%. On average, equities analysts predict that PodcastOne, Inc. will post -0.25 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Litchfield Hills Research assumed coverage on shares of PodcastOne in a research note on Thursday, June 6th. They issued a “buy” rating and a $5.00 price objective for the company.

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.