PodcastOne, Inc. (NASDAQ:PODC – Get Free Report) Director D Jonathan Merriman bought 7,000 shares of PodcastOne stock in a transaction dated Friday, May 22nd. The stock was purchased at an average price of $4.38 per share, with a total value of $30,660.00. Following the completion of the purchase, the director owned 309,732 shares in the company, valued at $1,356,626.16. This trade represents a 2.31% increase in their ownership of the stock. The purchase 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 Friday, April 17th, D Jonathan Merriman bought 10,200 shares of PodcastOne stock. The stock was purchased at an average price of $2.11 per share, with a total value of $21,522.00.
- On Monday, March 23rd, D Jonathan Merriman bought 2,980 shares of PodcastOne stock. The stock was purchased at an average price of $2.35 per share, with a total value of $7,003.00.
- On Thursday, March 12th, D Jonathan Merriman bought 6,300 shares of PodcastOne stock. The stock was purchased at an average price of $2.22 per share, with a total value of $13,986.00.
PodcastOne Price Performance
Shares of PODC opened at $4.98 on Thursday. The stock has a 50-day moving average of $2.96 and a 200-day moving average of $2.63. The company has a market cap of $136.90 million, a PE ratio of -33.20 and a beta of 1.72. PodcastOne, Inc. has a one year low of $1.30 and a one year high of $5.20.
Analyst Ratings Changes
Check Out Our Latest Stock Analysis on PodcastOne
Hedge Funds Weigh In On PodcastOne
Hedge funds have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP acquired a new position in PodcastOne during the 1st quarter valued at about $30,000. Creative Planning acquired a new position in PodcastOne during the 2nd quarter valued at about $49,000. Citadel Advisors LLC boosted its stake in PodcastOne by 267.5% during the 3rd quarter. Citadel Advisors LLC now owns 41,958 shares of the company’s stock valued at $70,000 after purchasing an additional 30,541 shares during the last quarter. Finally, NewEdge Advisors LLC acquired a new position in PodcastOne during the 4th quarter valued at about $81,000. Institutional investors and hedge funds own 2.87% of the company’s stock.
PodcastOne Company Profile
PodcastOne is a leading digital audio network specializing in the development, production and distribution of original podcast programming. The company offers a diverse slate of exclusive shows spanning genres such as entertainment, sports, business, politics and lifestyle. Its content lineup features long-form interviews, narrative series and personality-driven talk formats designed to engage listeners across North America and beyond.
The company’s revenue model centers on advertising and branded content solutions.
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