International Assets Investment Management LLC Has $46,000 Holdings in PodcastOne, Inc. $PODC

International Assets Investment Management LLC lessened its holdings in shares of PodcastOne, Inc. (NASDAQ:PODC) by 52.3% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 18,900 shares of the company’s stock after selling 20,700 shares during the period. International Assets Investment Management LLC owned about 0.07% of PodcastOne worth $46,000 at the end of the most recent quarter.

Separately, Pingora Partners LLC lifted its holdings in shares of PodcastOne by 122.3% during the 1st quarter. Pingora Partners LLC now owns 16,724 shares of the company’s stock worth $27,000 after acquiring an additional 9,200 shares during the period. 2.87% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of PodcastOne in a report on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company has an average rating of “Sell”.

PodcastOne Trading Up 4.9%

Shares of PodcastOne stock opened at $2.16 on Friday. The company has a 50 day moving average of $1.71 and a 200-day moving average of $1.86. PodcastOne, Inc. has a 1-year low of $1.10 and a 1-year high of $2.94. The company has a market cap of $57.05 million, a PE ratio of -9.39 and a beta of -0.09.

PodcastOne (NASDAQ:PODC) last issued its quarterly earnings data on Wednesday, August 13th. The company reported ($0.04) EPS for the quarter, beating the consensus estimate of ($0.05) by $0.01. PodcastOne had a negative net margin of 10.86% and a negative return on equity of 38.84%. The business had revenue of $14.99 million during the quarter, compared to the consensus estimate of $14.90 million. Research analysts forecast that PodcastOne, Inc. will post -0.24 earnings per share for the current 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.