Director D. Jonathan Merriman increased his ownership stake in PodcastOne, Inc. (EXCHANGE:PODC) by purchasing 6,300 shares of common stock on March 12, 2026, at a price of $2.22 per share. The purchase amounted to $13,986. Since that transaction the share price has moved higher to $2.41, a rise that corresponds with a six-month return of 33% for the company, which carries a market capitalization of $62.2 million and has recorded revenue growth of nearly 21% over the past twelve months.
Following the March 12 purchase, Merriman's direct holdings stand at 216,452 shares. Additional holdings tied to Merriman include 5,200 shares in a custodial account held indirectly and 289,552 shares held by the D. Jonathan and Odile Merriman Family Trust.
Separate analysis available in the InvestingPro Pro Research Report notes that PodcastOne's balance sheet shows more cash than debt. That insight is part of a broader coverage set that examines PODC along with more than 1,400 other U.S. equities.
PodcastOne has revised its fiscal 2026 guidance after the company sold its original intellectual property to a major streaming partner. Management now projects full-year revenue in a range of $60 million to $62 million, and Adjusted EBITDA between $5.5 million and $6.5 million.
In its third-quarter results for fiscal 2026 the company reported record quarterly revenue of $15.9 million, beating expectations on the top line. However, the company did not meet EPS consensus, posting earnings per share of -$0.01 compared with the expected $0.04.
These developments - insider buying, an updated outlook tied to an asset sale, and a quarter with record revenue but an EPS shortfall - have drawn investor attention as PodcastOne continues to manage its financial and strategic position. The company's reported figures and revised forecasts remain focal points for market observers tracking the stock and the broader media and equities sectors.
Clear summary
D. Jonathan Merriman bought 6,300 PodcastOne shares for $13,986 on March 12, 2026, increasing his direct and indirect holdings. PodcastOne's stock has risen to $2.41, reflecting a 33% six-month gain. The company updated fiscal 2026 guidance after selling original intellectual property and reported record Q3 revenue of $15.9 million but missed EPS estimates.