PodcastOne director D. Jonathan Merriman buys $24,310 in shares

D. Jonathan Merriman, a director at PodcastOne Inc., purchased 11,000 shares of the company's common stock on September 24, 2026, for a total of $24,310. The shares were bought at an average price of $2.21 each, with the purchase taking place between $2.20 and $2.25 per share. The move came as the stock price had dropped about 13% over the previous week.

Analysts believe PodcastOne Inc. (PODC) is currently undervalued, with a fair value of $2.50 per share compared to its current price of $2.07. Mr. Merriman now has a total beneficial ownership of 249,363 shares directly, with an additional 379,132 shares held indirectly through his family trust and 5,200 shares in a custodial account for his son, all under his control but disclaimed for beneficial ownership except for his financial interest.

The transaction was reported in a Form 4 filing with the Securities and Exchange Commission on September 28, 2026. Meanwhile, PodcastOne reported its Q1 2027 earnings, showing a smaller-than-expected loss, with adjusted earnings per share at negative $0.05, beating estimates of negative $0.07. The company's revenue grew to a record $16.1 million, and its adjusted EBITDA increased to $1.6 million from $580,000 the prior year.

Despite these positive signs, PodcastOne faced a wider net loss and higher operating expenses, leading to a cautious response from investors. The article was produced using AI assistance and reviewed by an editor.