PodcastOne (NASDAQ:PODC – Get Free Report) released its earnings results on Tuesday. The company reported ($0.04) earnings per share for the quarter, beating the consensus estimate of ($0.05) by $0.01, Zacks reports. The business had revenue of $15.16 million during the quarter, compared to analysts’ expectations of $14.26 million. PodcastOne had a negative net margin of 10.86% and a negative return on equity of 38.84%.
PodcastOne Stock Down 10.7%
NASDAQ:PODC opened at $2.14 on Wednesday. PodcastOne has a twelve month low of $1.28 and a twelve month high of $2.94. The stock’s 50-day simple moving average is $1.86 and its 200 day simple moving average is $1.90. The firm has a market capitalization of $56.39 million, a PE ratio of -9.28 and a beta of -0.06.
Wall Street Analyst Weigh In
Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of PodcastOne in a report on Friday, October 31st. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, PodcastOne presently has a consensus rating of “Sell”.
Institutional Trading of PodcastOne
An institutional investor recently bought a new position in PodcastOne stock. Creative Planning purchased a new stake in PodcastOne, Inc. (NASDAQ:PODC – Free Report) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 20,128 shares of the company’s stock, valued at approximately $49,000. Creative Planning owned about 0.08% of PodcastOne at the end of the most recent quarter. 2.87% of the stock is owned by hedge funds and other institutional investors.
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.
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