Merriman D Jonathan, PodcastOne director, buys $15,800 in shares

Published 09/09/2025, 02:34
Merriman D Jonathan, PodcastOne director, buys $15,800 in shares

Director Merriman D Jonathan of PodcastOne, Inc. (NASDAQ:PODC) acquired 10,000 shares of common stock on September 4, 2025, at a price of $1.58, for a total transaction value of $15,800. Following this transaction, Merriman directly holds 216,452 shares and indirectly holds 247,579 shares. The purchase price was close to the current trading price of $1.57, with analysts setting price targets between $3.75 and $5.00. InvestingPro analysis indicates the stock is currently undervalued, with a "Fair" overall financial health score of 2.0 out of 5. According to InvestingPro data, the company holds more cash than debt on its balance sheet, though it’s not currently profitable. Want deeper insights into insider trading patterns and comprehensive analysis? Access the full PODC Pro Research Report, part of our coverage of 1,400+ US stocks.

In other recent news, PodcastOne announced its financial results for the first quarter of 2025, showcasing a mixed performance. The company reported earnings per share (EPS) of -$0.04, which did not meet the analysts’ forecast of $0.03, resulting in a negative surprise of -233.33%. Despite this earnings miss, PodcastOne achieved a revenue of $15 million, exceeding expectations by 29.11%. This revenue beat suggests strong sales performance, which may have contributed to a positive sentiment among investors. These recent developments highlight the company’s ability to generate higher-than-expected revenue, even as earnings fell short of projections.

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