D. Jonathan Merriman, Director at PodcastOne, Inc. (PODC), bought 11,000 shares at $2.21 ($24K) on 2026-09-24, disclosed to the SEC on 2026-09-28.
Director D. Jonathan Merriman purchased $24,310 worth of stock at $2.21 per share, marking the largest insider purchase in the company's history. This move comes as the stock has crashed over 50% from its 52-week high, potentially signaling a contrarian bet on a turnaround.
PODC is down 17.72% over the last 30 days and 52.27% over the last 90 days, trading at $2.205, which is 57.43% below its 52-week high of $5.18.
Q1 2027 earnings on August 12, 2026 showed record revenue of $16.1 million and adjusted EBITDA of $1.6 million, though the stock has since sold off significantly.
The stock is highly volatile with a beta of 2.125, and the company faces a short interest of 1.52% of the float.
Something here stands out, but not much.