PodcastOne director Merriman buys $15,812 in stock

PodcastOne director D. Jonathan Merriman made a stock purchase totaling $15,812 on September 18, 2026. The transaction involved acquiring 6,700 shares at a price of $2.36 per share. The current stock price is $2.39, remaining below its 52-week high of $5.20. However, the shares have experienced a significant 31% increase over the past year.

Following this purchase, Merriman's total beneficial ownership of PodcastOne stock amounts to 249,363 shares held directly, with an additional 368,132 shares indirectly held through a family trust. He also holds 5,200 shares in a custodial account for his son. InvestingPro analysis indicates the stock is undervalued, ranking among the most undervalued stocks on its platform.

Meanwhile, PodcastOne reported strong financial results for the first quarter of 2027, exceeding Wall Street expectations. Despite a wider net loss and increased operating expenses, the company's adjusted earnings per share and revenue surpassed forecasts.