PodcastOne (NASDAQ:PODC) Stock Price Down 2.8% – Time to Sell?

PodcastOne, Inc. (NASDAQ:PODC) was down 2.8% on Tuesday . The company traded as low as $2.08 and last traded at $2.08. Approximately 28,233 shares were traded during mid-day trading, a decline of 38% from the average daily volume of 45,403 shares. The stock had previously closed at $2.14.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of PodcastOne in a report on Friday, March 27th. One research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Reduce”.

PodcastOne Stock Performance

The stock has a market capitalization of $62.84 million, a P/E ratio of -15.33 and a beta of 0.48. The stock has a 50 day moving average of $2.47 and a 200 day moving average of $2.28.

PodcastOne (NASDAQ:PODC) last issued its quarterly earnings data on Thursday, February 12th. The company reported ($0.01) EPS for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.01. The firm had revenue of $15.86 million during the quarter, compared to the consensus estimate of $15.03 million. PodcastOne had a negative return on equity of 24.78% and a negative net margin of 6.22%. On average, research analysts anticipate that PodcastOne, Inc. will post -0.24 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in PODC. NewEdge Advisors LLC bought a new position in PodcastOne during the 4th quarter worth $81,000. Citadel Advisors LLC grew its stake in PodcastOne by 267.5% during the 3rd quarter. Citadel Advisors LLC now owns 41,958 shares of the company’s stock worth $70,000 after buying an additional 30,541 shares during the last quarter. Finally, Creative Planning bought a new position in PodcastOne during the 2nd quarter worth $49,000. 2.87% of the stock is currently owned by institutional investors.

About PodcastOne

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.