Insider Buying: PodcastOne, Inc. (NASDAQ:PODC) Director Purchases 11,000 Shares of Stock

by · The Cerbat Gem

PodcastOne, Inc. (NASDAQ:PODC – Get Free Report) Director D Jonathan Merriman purchased 11,000 shares of the stock in a transaction dated Wednesday, November 13th. The shares were acquired at an average cost of $1.64 per share, for a total transaction of $18,040.00. Following the completion of the acquisition, the director now owns 200,339 shares of the company’s stock, valued at approximately $328,555.96. This represents a 5.81 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

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

  • On Tuesday, September 24th, D Jonathan Merriman bought 10,000 shares of PodcastOne stock. The stock was acquired 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 stock was bought at an average cost of $1.89 per share, with a total value of $26,460.00.
  • On Wednesday, September 11th, D Jonathan Merriman acquired 17,800 shares of PodcastOne stock. The shares were purchased at an average price 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 price of $1.60 per share, with a total value of $16,000.00.

PodcastOne Price Performance

Shares of NASDAQ:PODC traded up $0.16 during trading on Thursday, hitting $1.81. The company’s stock had a trading volume of 89,609 shares, compared to its average volume of 38,516. PodcastOne, Inc. has a 12 month low of $1.10 and a 12 month high of $2.70. The firm has a market cap of $43.49 million, a price-to-earnings ratio of -5.48 and a beta of -2.48. The company has a 50-day moving average of $1.48 and a 200-day moving average of $1.58.

PodcastOne (NASDAQ:PODC – Get Free Report) last announced its quarterly earnings data on Tuesday, August 13th. The company reported ($0.06) EPS for the quarter, meeting the consensus estimate of ($0.06). PodcastOne had a negative return on equity of 41.76% and a negative net margin of 14.08%. The business had revenue of $13.16 million for the quarter, compared to the consensus estimate of $13.00 million. As a group, research analysts anticipate that PodcastOne, Inc. will post -0.27 earnings per share for the current year.

About PodcastOne

(Get Free Report)

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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