D Jonathan Merriman Buys 11,000 Shares of PodcastOne, Inc. (NASDAQ:PODC) Stock

PodcastOne, Inc. (NASDAQ:PODC) Director D Jonathan Merriman bought 11,000 shares of the stock in a transaction dated Wednesday, November 13th. The stock was bought at an average price of $1.64 per share, with a total value of $18,040.00. Following the acquisition, the director now owns 200,339 shares in the company, valued at approximately $328,555.96. This represents a 5.81 % increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

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

• On Tuesday, September 24th, D Jonathan Merriman purchased 10,000 shares of PodcastOne stock. The stock was bought at an average cost of $1.65 per share, with a total value of $16,500.00.
• On Friday, September 20th, D Jonathan Merriman bought 14,000 shares of PodcastOne stock. The shares were purchased at an average price of $1.89 per share, for a total transaction of $26,460.00.
• On Wednesday, September 11th, D Jonathan Merriman bought 17,800 shares of PodcastOne stock. The stock was purchased at an average cost of $1.71 per share, with a total value of $30,438.00.
• On Monday, September 9th, D Jonathan Merriman purchased 10,000 shares of PodcastOne stock. The shares were purchased at an average cost of $1.60 per share, for a total transaction of $16,000.00.

PodcastOne Trading Down 4.2 %

PODC stock opened at $1.74 on Friday. The company has a market capitalization of $41.68 million, a P/E ratio of -5.98 and a beta of -2.48. The business has a 50 day simple moving average of $1.49 and a 200-day simple moving average of $1.58. PodcastOne, Inc. has a twelve month low of $1.10 and a twelve month high of $2.70.

PodcastOne (NASDAQ:PODC) last issued its quarterly earnings results on Tuesday, August 13th. The company reported ($0.06) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.06). PodcastOne had a negative net margin of 14.08% and a negative return on equity of 41.76%. The firm had revenue of $13.16 million during the quarter, compared to analysts’ expectations of $13.00 million. Research analysts predict that PodcastOne, Inc. will post -0.27 EPS for the current fiscal year.

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.