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

Professional Diversity Network (NASDAQ:IPDN) posted its quarterly earnings results on Friday. The information services provider reported ($0.19) EPS for the quarter, FiscalAI reports. The company had revenue of $1.55 million during the quarter. Professional Diversity Network had a negative return on equity of 93.81% and a negative net margin of 98.93%.

Professional Diversity Network Stock Performance

IPDN stock traded up $0.00 during trading on Friday, reaching $0.66. The company had a trading volume of 54,078 shares, compared to its average volume of 73,070. The firm has a 50-day simple moving average of $1.03 and a 200-day simple moving average of $1.45. The company has a market cap of $6.95 million, a price-to-earnings ratio of -0.33 and a beta of 1.61. Professional Diversity Network has a twelve month low of $0.57 and a twelve month high of $12.39.

Institutional Trading of Professional Diversity Network

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

Analyst Ratings Changes

Separately, Wall Street Zen upgraded shares of Professional Diversity Network to a “hold” rating in a report on Saturday, April 18th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company has an average rating of “Sell”.

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.