Podcasts are one of, if not the fastest growing form of online media.
Joe Rogan’s show just moved to Spotify in a deal some say earned him a $100 million paycheck.
News of the deal added a billion dollars to Spotify’s market capitalization, so it is clear investors see the value of this medium.
But Spotify stock trades for $336 a share. The company is worth over $62 billion.
Could it go higher? Sure. And it probably will.
But I doubt shares will surge 5X higher in the near term.
But this stock could…
Liberated Syndication (LSYN) is a small company that provides podcast hosting services as well as distribution tools including storage, bandwidth, RSS creating, distribution and statistics tracking.
Rogan has a top-notch in-house team that handles these back-end functions.
But most newer broadcasters do not.
That’s where Liberated Syndication comes in.
Producers can upload raw podcast episodes to the company’s interface to then manage, publish, and distribute that content.
The “podcast-in-a-box” style interface allows novice podcasters to publish online directories, web portals, access content aggregators, app marketplaces and social media platforms for download and streaming.
This company saw an unmet need, and it is doing a great job satisfying it.
Investors are rewarding these actions, sending shares on a steady uptrend.
LSYN stock is up 1,491% since it IPO’d back in 2016 and showing no signs of slowing down.
Last week, shares broke out of a 3-month consolidation zone on high volume, and just breached the crucial $5 price level.
The $5-level is important because it separates "penny stocks" which many institutional investors are forbidden from trading. So once a stock clears the $5 line-in-the-sand and holds above it, many large investors become free to trade the stock and pump heavy buying volume into it.
But despite the stock trading at all-time highs, insiders are gobbling it up.
The Chief Financial Officer, along with a veteran company director, just made 3 purchases last week.
This follows another 4 buys at the end of the Summer.
With a value of just $115 million, this is a small-cap stock with a lot of room to move.
It’s in a growing industry, the trend is clearly up, and insiders have a strong appetite for the stock.
Joe Rogan’s show just moved to Spotify in a deal some say earned him a $100 million paycheck.
News of the deal added a billion dollars to Spotify’s market capitalization, so it is clear investors see the value of this medium.
But Spotify stock trades for $336 a share. The company is worth over $62 billion.
Could it go higher? Sure. And it probably will.
But I doubt shares will surge 5X higher in the near term.
But this stock could…
Liberated Syndication (LSYN) is a small company that provides podcast hosting services as well as distribution tools including storage, bandwidth, RSS creating, distribution and statistics tracking.
Rogan has a top-notch in-house team that handles these back-end functions.
But most newer broadcasters do not.
That’s where Liberated Syndication comes in.
Producers can upload raw podcast episodes to the company’s interface to then manage, publish, and distribute that content.
The “podcast-in-a-box” style interface allows novice podcasters to publish online directories, web portals, access content aggregators, app marketplaces and social media platforms for download and streaming.
This company saw an unmet need, and it is doing a great job satisfying it.
Investors are rewarding these actions, sending shares on a steady uptrend.
LSYN stock is up 1,491% since it IPO’d back in 2016 and showing no signs of slowing down.
Last week, shares broke out of a 3-month consolidation zone on high volume, and just breached the crucial $5 price level.
The $5-level is important because it separates "penny stocks" which many institutional investors are forbidden from trading. So once a stock clears the $5 line-in-the-sand and holds above it, many large investors become free to trade the stock and pump heavy buying volume into it.
But despite the stock trading at all-time highs, insiders are gobbling it up.
The Chief Financial Officer, along with a veteran company director, just made 3 purchases last week.
This follows another 4 buys at the end of the Summer.
With a value of just $115 million, this is a small-cap stock with a lot of room to move.
It’s in a growing industry, the trend is clearly up, and insiders have a strong appetite for the stock.