PodcastOne director D. Jonathan Merriman buys $86,040 in stock

D. Jonathan Merriman, a director at PodcastOne Inc. (NASDAQ:PODC), recently bolstered his stake in the company by purchasing shares totaling $86,040. This occurred on August 14 and August 17, 2026, with shares trading between $2.80 and $3.20 per share. The stock's recent decline of around 17% over the past week, with shares currently at $2.83, has prompted analysts to label it undervalued, with a Fair Value of $3.79.

On August 14, Mr. Merriman bought 17,000 shares at an average cost of $3.20, spread across multiple transactions at prices ranging from $3.10 to $3.30. The following day, he acquired an additional 11,300 shares at $2.80 each. All these shares are held indirectly through the D. Jonathan and Odile Merriman Family Trust, with Mr. Merriman as the trustee retaining shared voting and dispositive power.

His indirect beneficial ownership through the Trust has now reached 338,032 shares. Additionally, he directly owns 249,363 shares and 5,200 indirectly in a custodial account for his son, where he also holds voting and dispositive power but disclaims beneficial ownership apart from his financial interest. For a thorough analysis of PODC's financial health, investors can review the full Pro Research Report on InvestingPro.

Recently, PodcastOne reported its fiscal year 2027 Q1 results, reporting an adjusted earnings per share of negative $0.05, beating expectations of negative $0.07. The company's revenue hit a record $16.1 million, while adjusted EBITDA rose to $1.6 million, up from $580,000 in the same period last year. Despite this positive performance, the company posted a wider net loss and higher operating expenses.