PodcastOne, Inc. (NASDAQ:PODC – Get Free Report) Director D Jonathan Merriman bought 15,700 shares of the business’s stock in a transaction on Friday, August 21st. The stock was bought at an average price of $2.75 per share, with a total value of $43,175.00. Following the purchase, the director owned 353,732 shares in the company, valued at $972,763. This trade represents a 4.64% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
D Jonathan Merriman also recently made the following trade(s):
- On Monday, August 17th, D Jonathan Merriman bought 11,300 shares of PodcastOne stock. The shares were purchased at an average cost of $2.80 per share, for a total transaction of $31,640.00.
- On Friday, August 14th, D Jonathan Merriman purchased 17,000 shares of PodcastOne stock. The stock was purchased at an average cost of $3.20 per share, for a total transaction of $54,400.00.
PodcastOne Stock Performance
Shares of PODC stock opened at $2.65 on Tuesday. PodcastOne, Inc. has a 52-week low of $1.30 and a 52-week high of $5.20. The company has a market capitalization of $80.16 million, a PE ratio of -22.08 and a beta of 2.15. The business’s fifty day moving average is $3.74 and its 200 day moving average is $3.28.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently bought and sold shares of the business. Dimensional Fund Advisors LP bought a new stake in shares of PodcastOne in the 1st quarter worth approximately $30,000. Permanens Capital L.P. purchased a new stake in PodcastOne in the second quarter worth about $45,000. Creative Planning bought a new stake in PodcastOne during the 2nd quarter valued at approximately $49,000. Citadel Advisors LLC grew its holdings in shares of PodcastOne by 267.5% during the 3rd quarter. Citadel Advisors LLC now owns 41,958 shares of the company’s stock worth $70,000 after acquiring an additional 30,541 shares during the period. Finally, NewEdge Advisors LLC bought a new position in shares of PodcastOne in the 4th quarter worth approximately $81,000. Institutional investors own 2.87% of the company’s stock.
Analyst Ratings Changes
Several brokerages have issued reports on PODC. Wall Street Zen lowered shares of PodcastOne from a “hold” rating to a “sell” rating in a research report on Saturday. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of PodcastOne in a report on Wednesday, June 24th. Finally, Zacks Research lowered shares of PodcastOne from a “hold” rating to a “strong sell” rating in a research report on Wednesday, August 19th. Two analysts have rated the stock with a Sell rating, Based on data from MarketBeat, the company currently has an average rating of “Sell”.
Get Our Latest Stock Analysis on PodcastOne
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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