Streetbeat News

PODC

Courtside Group, Inc. Common Stock

https://www.podcastone.com

Industry

Internet Content & Information

PodcastOne, Inc. operates as a podcast platform and publisher. The company offers its content to audiences through podcasting distribution platforms, including its website, Apple Podcasts, Spotify, Amazon Music, and others. It also produces vodcasts, branded podcasts, merchandise, and live events. In addition, the company builds, owns, and operates LaunchPadOne, a self-publishing podcast platform. The company was formerly known as Courtside Group, Inc. and changed its name to PodcastOne, Inc. in September 2023. PodcastOne, Inc. was founded in 2013 and is based in Beverly Hills, California. PodcastOne, Inc. is a subsidiary of LiveOne, Inc.

Open

1.75

Mkt cap

41M

Volume

34K

High

1.83

P/E Ratio

-6.19

52-wk high

2.70

Low

1.67

Div yield

N/A

52-wk low

1.10

The article highlights recent insider transactions for four penny stocks: PodcastOne, Assertio Holdings, BigBear.ai Holdings, and Neuronetics. Insider buying can indicate confidence in the company's prospects. Notable transactions include significant share purchases by directors and executives of these companies.

Portfolio Pulse from Avi Kapoor

June 07, 2024 | 11:48 am

Litchfield Hills has initiated coverage on PodcastOne (NASDAQ:PODC) with a Buy rating and set a price target of $5.

Portfolio Pulse from Benzinga Newsdesk

June 06, 2024 | 3:30 pm

Insiders have been buying shares of several penny stocks, including PodcastOne, BARK, Fathom Holdings, Sypris Solutions, and Marchex. These transactions may indicate confidence in the companies' prospects despite recent challenges.

Portfolio Pulse from Avi Kapoor

June 06, 2024 | 11:26 am

PodcastOne has raised its FY25 revenue guidance from $50M-$55M to $51M-$56M, surpassing the estimated $50.438M.

Portfolio Pulse from Benzinga Newsdesk

May 30, 2024 | 11:37 am

PodcastOne (NASDAQ:PODC) reported a Q4 2024 GAAP EPS of $(0.05), missing the $(0.03) estimate by 66.67%. However, sales of $11.707M beat the $10.706M estimate by 9.36%.

Portfolio Pulse from Benzinga Newsdesk

May 30, 2024 | 11:34 am

PodcastOne (NASDAQ:PODC), a subsidiary of LiveOne (NASDAQ:LVO), announced its Q4 FY24 and FY24 preliminary results, surpassing revenue estimates with $11.7M and $43.3M respectively, and projecting FY25 revenues between $50M-$55M. The company added 30 new podcasts in FY24, entered a B2B partnership with a Fortune 250 company, and sold TV rights for 'Vigilante'. A live conference call is scheduled for May 30, 2024.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 12:11 pm

PodcastOne Inc (NASDAQ:PODC) saw its shares rise after Roth Capital Partners initiated coverage with a Buy rating and a $4.50 price target. The company is highlighted for its unique position as the only pure-play podcast stock in the U.S., expected to see 23%-25% annual revenue growth over the next several years. Adjusted EBITDA is projected to be positive by fiscal 2024, reaching approximately $6 million by 2027. Growth is anticipated from new podcast launches, increased ad revenue, and acquisitions.

Portfolio Pulse from Priya Nigam

February 26, 2024 | 6:03 pm

Roth MKM analyst Sean McGowan initiates coverage on PodcastOne (NASDAQ:PODC) with a Buy rating and a price target of $4.5.

Portfolio Pulse from Benzinga Newsdesk

February 26, 2024 | 11:34 am

LiveOne reports a current cash position of over $11M after repurchasing approximately 1.3M shares during FY 2024. It has $5.75M remaining for discretionary repurchase of its own shares or those of PodcastOne (NASDAQ:PODC). The company anticipates $2.5 - $5M in additional cost savings following a $5M cut from its CPS Division and is expanding its Celebrity Brands Platform with AI to enhance connections between talent and fans.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 1:39 pm

PodcastOne (NASDAQ:PODC) reported Q3 EPS of $(0.11), missing the $0.02 estimate by 650%, and sales of $10.44M, missing the $10.96M estimate by 4.73%. Despite the miss, this represents a 78.85% improvement in EPS and a 21.57% increase in sales over the same period last year.

Portfolio Pulse from mahesh@benzinga.com

February 08, 2024 | 2:31 pm

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