Insider Buying: PodcastOne, Inc. (NASDAQ:PODC) Director Purchases 14,000 Shares of Stock

PodcastOne, Inc. (NASDAQ:PODC) Director D Jonathan Merriman purchased 14,000 shares of the stock in a transaction that occurred on Friday, September 20th. The stock was purchased at an average price of $1.89 per share, for a total transaction of $26,460.00. Following the acquisition, the director now owns 179,339 shares in the company, valued at $338,950.71. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink.

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

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

PodcastOne Stock Down 3.2 %

Shares of PODC traded down $0.06 during trading hours on Monday, reaching $1.82. 36,345 shares of the company traded hands, compared to its average volume of 40,673. The stock has a fifty day simple moving average of $1.52 and a 200 day simple moving average of $1.77. PodcastOne, Inc. has a fifty-two week low of $1.20 and a fifty-two week high of $3.68.

PodcastOne (NASDAQ:PODC) last issued its quarterly earnings results on Tuesday, August 13th. The company reported ($0.06) EPS for the quarter, hitting analysts’ consensus estimates of ($0.06). The business had revenue of $13.16 million during 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%. As a group, equities research analysts anticipate 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 report on Thursday, June 6th. They issued 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.