Mon Sep 23 22:48:43 UTC 2024: ## PodcastOne Director Makes Significant Stock Purchase
**New York, NY – September 23, 2024** – D Jonathan Merriman, director of PodcastOne, Inc. (NASDAQ: PODC), has purchased 14,000 shares of the company’s stock, according to a recent SEC filing. The purchase, made on September 20th, represents a significant investment for the director, totaling $26,460 at an average price of $1.89 per share. Following this transaction, Merriman now owns 179,339 shares of PodcastOne, valued at approximately $338,950.71.
This insider purchase comes at a time when PODC stock has experienced some volatility, trading down $0.06 to $1.82 during midday trading on Monday. Despite the recent dip, analysts remain optimistic about the company’s future prospects. Litchfield Hills Research initiated coverage on PODC in June, issuing a “buy” rating with a $5.00 price objective.
PodcastOne, a leading podcast platform and publisher, reaches its audience through a variety of channels including its website, Apple Podcasts, Spotify, Amazon Music, and others. The company also produces vodcasts, branded podcasts, merchandise, and live events, further expanding its reach and engagement with listeners.
This insider purchase suggests confidence in the company’s direction and potential for growth. MarketBeat.com offers a free daily email newsletter that provides concise summaries of news and analyst ratings for PodcastOne and other related companies.
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