D Jonathan Merriman Purchases 10,000 Shares of PodcastOne, Inc. (NASDAQ:PODC) Stock

PodcastOne, Inc. (NASDAQ:PODC) Director D Jonathan Merriman bought 10,000 shares of the business’s stock in a transaction that occurred on Monday, September 9th. The stock was purchased at an average price of $1.60 per share, with a total value of $16,000.00. Following the completion of the purchase, the director now directly owns 136,539 shares in the company, valued at approximately $218,462.40. The transaction 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 bought 28,000 shares of PodcastOne stock. The stock was purchased at an average price of $1.56 per share, with a total value of $43,680.00.
• On Thursday, June 20th, D Jonathan Merriman bought 7,700 shares of PodcastOne stock. The stock was purchased at an average price of $1.65 per share, with a total value of $12,705.00.

PodcastOne Price Performance

PodcastOne stock opened at $1.68 on Thursday. PodcastOne, Inc. has a twelve month low of $1.20 and a twelve month high of $3.68. The company’s 50-day moving average price is $1.48 and its two-hundred day moving average price is $1.78.

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

Analyst Ratings Changes

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

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.