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

Professional Diversity Network (NASDAQ:IPDN) issued its quarterly earnings results on Friday. The information services provider reported ($0.15) EPS for the quarter, FiscalAI reports. The company 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 Trading Up 8.6%

NASDAQ:IPDN traded up $0.02 on Friday, hitting $0.26. The company’s stock had a trading volume of 855,240 shares, compared to its average volume of 574,753. The stock has a fifty day moving average of $0.50 and a two-hundred day moving average of $0.89. The firm has a market capitalization of $3.32 million, a P/E ratio of -0.15 and a beta of 1.61. Professional Diversity Network has a one year low of $0.20 and a one year high of $12.39.

Analysts Set New Price Targets

Several research firms have recently commented on IPDN. Wall Street Zen raised Professional Diversity Network to a “hold” rating in a report on Saturday, April 18th. Weiss Ratings restated a “sell (e+)” rating on shares of Professional Diversity Network in a report on Thursday, June 4th. One analyst has rated the stock with a Sell rating, According to MarketBeat, Professional Diversity Network presently has an average rating of “Sell”.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Professional Diversity Network stock. Geode Capital Management LLC raised its stake in Professional Diversity Network, Inc. (NASDAQ:IPDN) by 140.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund 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 at the end of the most recent quarter. Institutional investors own 27.75% of the company’s stock.

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.