Fleming James B JR Makes New Investment in PodcastOne, Inc. (NASDAQ:PODC)

Fleming James B JR acquired a new stake in shares of PodcastOne, Inc. (NASDAQ:PODC) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 87,448 shares of the company’s stock, valued at approximately $189,000. PodcastOne comprises about 0.2% of Fleming James B JR’s portfolio, making the stock its 3rd largest holding. Fleming James B JR owned about 0.35% of PodcastOne at the end of the most recent reporting period.

Separately, Apollon Wealth Management LLC acquired a new position in shares of PodcastOne in the fourth quarter worth about $54,000. Institutional investors own 2.87% of the company’s stock.

PodcastOne Price Performance

PodcastOne stock opened at $1.48 on Tuesday. The company has a market cap of $36.85 million, a P/E ratio of -6.17 and a beta of -0.20. PodcastOne, Inc. has a fifty-two week low of $1.10 and a fifty-two week high of $2.85. The firm’s 50 day simple moving average is $2.02 and its 200-day simple moving average is $1.89.

PodcastOne (NASDAQ:PODC) last posted its quarterly earnings data on Wednesday, February 12th. The company reported ($0.06) earnings per share for the quarter, topping the consensus estimate of ($0.07) by $0.01. PodcastOne had a negative net margin of 11.40% and a negative return on equity of 36.83%. On average, analysts expect that PodcastOne, Inc. will post -0.24 EPS for the current fiscal year.

PodcastOne Company Profile

PodcastOne, Inc operates as a podcast platform and publisher. The company offers its content to audiences through podcasting distribution platforms, including its website, Apple Podcasts, Spotify, Amazon Music, and others. It also produces vodcasts, branded podcasts, merchandise, and live events. In addition, the company builds, owns, and operates LaunchPadOne, a self-publishing podcast platform.