Merriman D. Jonathan Fuels PodcastOne’s Bullish Narrative with $43 M Insider Buy at 52‑Week Low.

Insider Buying Continues at PodcastOne – What It Means for Investors

On August 21, 2026, MERRIMAN D JONATHAN added 15,700 shares of PodcastOne to his personal holdings, paying a weighted average of $2.75 per share. The move comes a day after the stock slipped to its lowest level of the year, yet the purchase price is well below the 52‑week high of $5.20. The transaction is part of a series of recent buys that have kept Jonathan’s stake hovering near 350,000 shares, or roughly 43 % of the outstanding equity.

A Buying Pattern that Signals Confidence

Jonathan’s buying spree is not a one‑off event. In the last six months he has added more than 100,000 shares in four separate purchases, with the most recent buys in mid‑April and mid‑May pushing his holdings from 292,000 to 338,000 shares. The average price paid has ranged from $2.07 to $4.38, a spread that suggests he is comfortable buying on dips and that he sees value in PodcastOne’s business model even as the stock’s quarterly performance remains modest. The fact that he has also accumulated large blocks of restricted stock units (RSUs) in March and May indicates a longer‑term horizon, aligning his interests with those of other shareholders.

Implications for the Stock and the Company

A cumulative insider purchase of this magnitude is typically viewed as a bullish signal, especially when the buyer is a major shareholder and the stock is trading near its 52‑week low. It can act as a floor for the price, potentially dampening short‑term volatility. For PodcastOne, the influx of capital from insiders may reinforce confidence in its advertising‑supported model and support future content‑creation investments. The company’s P/E ratio remains negative, reflecting earnings volatility, but the steady insider activity may reassure investors that management is aligned with shareholder value.

Who Is MERRIMAN D JONATHAN? A Quick Profile

Jonathan has been a key figure in PodcastOne’s evolution, holding a significant voting stake through the D. Jonathan and Odile Merriman Family Trust. Over the past year his trade frequency has increased, with buys clustered around periods of price dips and strategic milestones (e.g., new content deals or platform launches). He has shown a preference for buying when the share price falls below $3.00, suggesting a value‑oriented approach. His acquisition of RSUs also signals confidence that the company’s future cash flows will support the vesting schedule.

What Should Investors Watch?

1. Price Momentum – The stock is down 3.3 % in the week and 31 % in the month, but the recent insider buys hint at a potential bottoming cycle.
2. Revenue Trajectory – PodcastOne’s model relies on advertiser demand; any sign of new brand integrations or sponsorships could accelerate growth.
3. Insider Trend – Continued purchases by Jonathan or other insiders would strengthen the bullish narrative; sizable sales could signal a reversal.

Overall, the latest insider transaction, coupled with the broader buying pattern, suggests that those closely tied to PodcastOne see untapped value. For investors, the move provides a short‑term support level and a reminder that the company’s management is actively backing its own equity.