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In a recent stock transaction, Jonathan Merriman, a director at PodcastOne, Inc. (NASDAQ:PODC), purchased 8,700 shares of the company’s common stock. The shares were acquired at a price of $1.87 each, totaling approximately $16,269. According to InvestingPro analysis, the stock appears undervalued at current levels, with shares down over 20% year-to-date despite the company’s robust 23% revenue growth. Following this transaction, Merriman now holds a total of 195,679 shares indirectly through the D. Jonathan and Odile Merriman Family Trust. The trust, where Merriman has shared voting and dispositive power, reflects his indirect ownership, while his direct holdings now stand at 216,452 shares. The micro-cap company, valued at $43 million, maintains strong liquidity with cash exceeding debt and current assets covering short-term obligations. Get access to 8 more key insights and comprehensive analysis with an InvestingPro subscription.
In other recent news, PodcastOne Inc. reported its third-quarter fiscal 2025 earnings, missing analyst expectations with a net loss per share of $0.06 compared to the forecasted $0.02. Despite the earnings miss, the company demonstrated strong revenue growth, recording $12.7 million, which exceeded the anticipated $10.96 million. This revenue increase marks a 22% rise year-over-year. PodcastOne also highlighted its strategic partnership with Amazon (NASDAQ:AMZN)’s ART19, which is expected to generate a minimum of $15 million in guaranteed revenue over the next three years. The company maintains a debt-free balance sheet with $600,000 in cash and cash equivalents. Analysts from firms like Roth Capital Partners (WA:CPAP) and Joseph Gunnar discussed the potential impact of seasonality on podcast advertising and the integration with ART19. Additionally, PodcastOne has reaffirmed its full-year revenue guidance of at least $51 million, projecting a 17% increase from the previous year.
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