{
  "id": 1591930,
  "title": "PodcastOne director D. Jonathan Merriman buys $86,040 in stock",
  "url": "https://urgent.news/2026/08/17/podcastone-director-d-jonathan-merriman-buys-86-040-in-stock",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-17T23:46:02.000Z",
  "source": {
    "name": "Investing.com",
    "slug": "investing-com",
    "url": "https://www.investing.com/news/insider-trading-news/podcastone-director-d-jonathan-merriman-buys-86040-in-stock-93CH-4864106"
  },
  "original_language": "en",
  "account": "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.",
  "summary": "PodcastOne director D. Jonathan Merriman increased his stock holdings by purchasing $86,040 worth of shares on August 14 and August 17, 2026. The director acquired 17,000 shares at an average price of $3.20 per share on August 14, followed by an additional 11,300 shares on August 17 at $2.80 per share. The shares are held indirectly through the D. Jonathan and Odile Merriman Family Trust, with Merriman himself disclaiming beneficial ownership except for his pecuniary interest. Despite the stock experiencing a 17% decline over the past week, TradingAnalysis suggests the stock is undervalued with a Fair Value of $3.79.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}