PodcastOne (NASDAQ:PODC) Releases Quarterly Earnings Results, Beats Expectations By $0.01 EPS

PodcastOne (NASDAQ:PODCGet Free Report) released its earnings results on Tuesday. The company reported ($0.04) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.01, Zacks reports. The firm had revenue of $15.16 million for the quarter, compared to analysts’ expectations of $14.26 million. PodcastOne had a negative return on equity of 34.54% and a negative net margin of 9.07%.

PodcastOne Price Performance

PodcastOne stock opened at $2.37 on Thursday. The business has a 50 day moving average of $1.87 and a 200-day moving average of $1.90. The company has a market capitalization of $62.59 million, a P/E ratio of -11.85 and a beta of -0.06. PodcastOne has a 1 year low of $1.28 and a 1 year high of $2.94.

Hedge Funds Weigh In On PodcastOne

An institutional investor recently bought a new position in PodcastOne stock. Creative Planning purchased a new position in shares of PodcastOne, Inc. (NASDAQ:PODCFree Report) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 20,128 shares of the company’s stock, valued at approximately $49,000. Creative Planning owned 0.08% of PodcastOne as of its most recent filing with the Securities and Exchange Commission (SEC). Hedge funds and other institutional investors own 2.87% of the company’s stock.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of PodcastOne in a report on Friday, October 31st. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company presently has an average rating of “Sell”.

Read Our Latest Research Report on PODC

PodcastOne Company Profile

(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.

See Also

Earnings History for PodcastOne (NASDAQ:PODC)

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