Professional Diversity Network (NASDAQ:IPDN) Posts Earnings Results

Professional Diversity Network (NASDAQ:IPDN) released its quarterly earnings results on Friday. The information services provider reported ($0.15) EPS for the quarter, FiscalAI reports. The firm had revenue of $1.18 million for the quarter. Professional Diversity Network had a negative net margin of 115.19% and a negative return on equity of 82.81%.

Professional Diversity Network Stock Up 8.6%

Shares of NASDAQ IPDN opened at $0.26 on Friday. The business has a 50-day moving average price of $0.50 and a 200 day moving average price of $0.89. The stock has a market cap of $3.32 million, a PE ratio of -0.15 and a beta of 1.61. Professional Diversity Network has a 52-week low of $0.20 and a 52-week high of $12.39.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. Wall Street Zen upgraded Professional Diversity Network to a “hold” rating in a report on Saturday, April 18th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Professional Diversity Network in a research report on Thursday, June 4th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company currently has an average rating of “Sell”.

Hedge Funds Weigh In On Professional Diversity Network

An institutional investor recently raised its stake in Professional Diversity Network stock. Geode Capital Management LLC lifted its holdings in Professional Diversity Network, Inc. (NASDAQ:IPDN) by 140.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,785 shares of the information services provider’s stock after buying an additional 15,625 shares during the quarter. Geode Capital Management LLC owned 0.55% of Professional Diversity Network worth $31,000 as of its most recent SEC filing. Institutional investors own 27.75% of the company’s stock.

Professional Diversity Network Company Profile

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.