Robert S. Ellin Purchases 9,055 Shares of PodcastOne, Inc. (NASDAQ:PODC) Stock

PodcastOne, Inc. (NASDAQ:PODC) Chairman Robert S. Ellin purchased 9,055 shares of the business’s stock in a transaction that occurred on Thursday, September 19th. The stock was bought at an average price of $1.81 per share, with a total value of $16,389.55. Following the completion of the purchase, the chairman now owns 108,563 shares of the company’s stock, valued at approximately $196,499.03. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

PodcastOne Stock Up 7.7 %

Shares of PodcastOne stock opened at $1.82 on Friday. The firm’s 50 day moving average is $1.51 and its 200 day moving average is $1.77. PodcastOne, Inc. has a 1 year low of $1.20 and a 1 year high of $3.68.

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

Analysts Set New Price Targets

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

About PodcastOne

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.