Professional Diversity Network (NASDAQ:IPDN) Releases Quarterly Earnings Results

Professional Diversity Network (NASDAQ:IPDN) announced its quarterly earnings results on Tuesday. The information services provider reported ($0.53) earnings per share for the quarter, FiscalAI reports. Professional Diversity Network had a negative net margin of 67.01% and a negative return on equity of 81.86%. The firm had revenue of $1.67 million for the quarter.

Professional Diversity Network Trading Up 1.4%

Professional Diversity Network stock traded up $0.02 during mid-day trading on Wednesday, hitting $1.17. The company’s stock had a trading volume of 6,188 shares, compared to its average volume of 158,333. The firm has a market capitalization of $5.69 million, a PE ratio of -0.59 and a beta of 1.85. Professional Diversity Network has a 1 year low of $0.96 and a 1 year high of $12.39. The stock’s fifty day moving average is $1.36 and its two-hundred day moving average is $2.03.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Professional Diversity Network in a research report on Monday, December 29th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Professional Diversity Network currently has an average rating of “Sell”.

Hedge Funds Weigh In On Professional Diversity Network

A hedge fund recently raised its stake in Professional Diversity Network stock. Geode Capital Management LLC increased its holdings in shares of Professional Diversity Network, Inc. (NASDAQ:IPDN) by 140.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 26,785 shares of the information services provider’s stock after purchasing an additional 15,625 shares during the quarter. Geode Capital Management LLC owned 0.55% of Professional Diversity Network worth $31,000 at the end of the most recent reporting period. 27.75% of the stock is currently owned by institutional investors and hedge funds.

About Professional Diversity Network

Professional Diversity Network, Inc (NASDAQ:IPDN) is a provider of online career marketplace platforms designed to connect underrepresented talent with employment opportunities across various industries. Through its flagship PDN network, the company facilitates targeted recruiting solutions for organizations seeking to build more diverse and inclusive workforces. Its services include employer-branded career sites, targeted job advertising and custom recruitment campaigns tailored to attract diverse candidates, including women, minorities, veterans, people with disabilities and LGBTQ+ professionals.

The company’s portfolio encompasses a series of specialty job boards and career networks, each focused on specific demographic segments.