Brokers Set Expectations for PodcastOne FY2028 Earnings

PodcastOne, Inc. (NASDAQ:PODC) – Stock analysts at Litchfield Hills Research issued their FY2028 EPS estimates for shares of PodcastOne in a report issued on Wednesday, June 24th. Litchfield Hills Research analyst B. Sine expects that the company will post earnings of $0.13 per share for the year. The consensus estimate for PodcastOne’s current full-year earnings is $0.02 per share.

PodcastOne (NASDAQ:PODC) last announced its quarterly earnings data on Wednesday, June 24th. The company reported ($0.02) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.01. PodcastOne had a negative net margin of 4.29% and a negative return on equity of 17.55%. The company had revenue of $15.67 million during the quarter, compared to analysts’ expectations of $15.15 million.

Several other analysts have also issued reports on PODC. Weiss Ratings restated a “sell (d-)” rating on shares of PodcastOne in a research report on Wednesday. Wall Street Zen downgraded PodcastOne from a “buy” rating to a “hold” rating in a report on Saturday. One equities research analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Reduce”.

PodcastOne Price Performance

Shares of NASDAQ:PODC opened at $4.08 on Monday. The stock has a market cap of $112.16 million, a PE ratio of -37.09 and a beta of 1.98. The company’s fifty day moving average is $3.86 and its 200 day moving average is $2.93. PodcastOne has a 52 week low of $1.30 and a 52 week high of $5.20.

Institutional Investors Weigh In On PodcastOne

Large investors have recently made changes to their positions in the business. NewEdge Advisors LLC purchased a new position in shares of PodcastOne during the fourth quarter valued at approximately $81,000. Citadel Advisors LLC raised its holdings in shares of PodcastOne by 267.5% during the third quarter. Citadel Advisors LLC now owns 41,958 shares of the company’s stock valued at $70,000 after acquiring an additional 30,541 shares in the last quarter. Creative Planning purchased a new stake in PodcastOne in the second quarter worth $49,000. Finally, Dimensional Fund Advisors LP purchased a new stake in PodcastOne in the first quarter worth $30,000. 2.87% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other PodcastOne news, Director D Jonathan Merriman purchased 7,000 shares of the stock in a transaction on Friday, May 22nd. The stock was acquired at an average price of $4.38 per share, with a total value of $30,660.00. Following the transaction, the director directly owned 309,732 shares of the company’s stock, valued at approximately $1,356,626.16. This trade represents a 2.31% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Over the last three months, insiders purchased 21,700 shares of company stock worth $62,262. Corporate insiders own 79.40% of the company’s stock.

PodcastOne Company Profile

PodcastOne is a leading digital audio network specializing in the development, production and distribution of original podcast programming. The company offers a diverse slate of exclusive shows spanning genres such as entertainment, sports, business, politics and lifestyle. Its content lineup features long-form interviews, narrative series and personality-driven talk formats designed to engage listeners across North America and beyond.

The company’s revenue model centers on advertising and branded content solutions.