PodcastOne CEO buys $9,350 worth of company stock from Investing.com

PodcastOne, Inc. (NASDAQ:PODC) reported a recent stock purchase by Executive Chairman Robert S. Ellin. According to the latest SEC filing, Ellin purchased 5,000 shares of the company’s common stock at a price of $1.87 per share, for a total of $9,350. This transaction increased his direct ownership to 130,563 shares.

Ellin’s investment comes as a sign of confidence in the podcasting company, which specializes in computer programming, data processing and other related services. The company, currently incorporated in Delaware, trades on the NASDAQ under the ticker symbol PODC.

The SEC filing also disclosed information regarding indirect ownership through various entities associated with Ellin. It was noted that the total indirect holdings amount to 864,851 shares. These include shares held by Trinad Capital Master Fund Ltd., Trinad Capital Management, LLC and JJAT Corp., entities in which Ellin has significant control or interest.

Footnotes in the SEC filing clarify the nature of Ellin’s beneficial ownership, indicating that while he has sole voting and dispositive power over the shares held by these entities, he disclaims beneficial ownership except for his pecuniary interest. The report also states that shares held by a family trust and a family foundation, over which Ellin does not exercise voting or dispositive power, are not included in the reported figures.

The recent filing provides investors with an updated snapshot of Ellin’s stake in PodcastOne, reflecting his role and investment in the company. As executive chairman, his actions are often seen as a measure of his faith in the company’s future performance and strategic direction.

In other recent news, PodcastOne anticipates record revenue of $13 million in its preliminary Q1 results, up 21% year-over-year. The company also reported a rise to No. 11 in the Podtrac rankings and expansion to a monthly unique audience of 5.5 million in the US and 17.5 million global downloads and streams. These figures are preliminary and subject to final review by PodcastOne’s independent registered public accounting firm. PodcastOne also projects strong financial performance, with revenue expected to reach between $50 million and $55 million for the fiscal year ending March 31, 2025. This projection follows a successful fiscal year that ended on 31 March 2024, the company reported $43.3 million in revenue and $660,000 in adjusted EBITDA. In addition, PodcastOne has entered into a significant business-to-business partnership with a Fortune 250 company that is expected to contribute over $20 million in annual revenue. At the company’s annual meeting, shareholders elected all eight nominees to PodcastOne’s Board of Directors and ratified the appointment of Macias Gini & O’Connell, LLP as the company’s independent registered public accounting firm for the fiscal year ended 31 March 2025. The company also welcomed Jon Merriman to its Board of Directors, a strategic move designed to enhance the company’s growth initiatives and visibility in the financial sector. These are recent developments in the company’s operations and growth strategy.

InvestingPro Insights

PodcastOne, Inc. (NASDAQ:PODC) has been in the spotlight recently with the acquisition of shares by Executive Chairman Robert S. Ellin. This move parallels some notable financial metrics and InvestingPro Tips that investors may find valuable when considering the company’s current position and future prospects.

InvestingPro Data shows that PodcastOne has a market cap of $45.15 million and has seen revenue growth of 25.32% over the last twelve months starting in Q1 2025. Despite this growth, the company’s gross profit margin is 10.94%, which means maintenance challenges. profitability.

Two InvestingPro tips highlight a company’s financial health and performance. First, PodcastOne has more cash than debt on its balance sheet, which can be a positive sign of financial stability. Second, the company has seen a significant return over the past week with a total price return of 8.98%. These returns extend over the last month and three months with total price returns of 33.81% and 18.95% respectively, showing strong short-term performance for investors.

It’s worth noting that analysts predict the company will be profitable this year, which may be a contributing factor to Ellin’s recent stock purchase. This sentiment is supported by the fact that the company’s liquid assets exceed short-term liabilities, which is another InvestingPro tip that indicates financial strength.

For investors who want a deeper analysis, there are several InvestingPro tips available that provide a comprehensive picture of PodcastOne’s financial landscape. Accessing this additional information can further guide investment decisions and strategy.

Ellin’s recent actions, combined with the company’s performance metrics and financial health advice from InvestingPro, paint a picture of a company with potential opportunities despite some of the challenges it faces in terms of profitability and market competition .

This article was generated with support from AI and reviewed by an editor. For more information, see T&C.