Professional Diversity Network (NASDAQ:IPDN) Posts Earnings Results

Professional Diversity Network (NASDAQ:IPDN) released its quarterly earnings data on Friday. The information services provider reported ($0.19) EPS for the quarter, FiscalAI reports. The firm had revenue of $1.55 million for 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 Up 0.1%

NASDAQ:IPDN traded up $0.00 during trading hours on Friday, reaching $0.66. 54,078 shares of the company’s stock were exchanged, compared to its average volume of 73,070. The company has a market capitalization of $6.95 million, a P/E ratio of -0.33 and a beta of 1.61. Professional Diversity Network has a 12 month low of $0.57 and a 12 month high of $12.39. The business’s 50-day simple moving average is $1.03 and its two-hundred day simple moving average is $1.45.

Analyst Ratings Changes

Separately, Wall Street Zen upgraded Professional Diversity Network to a “hold” rating in a report on Saturday, April 18th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company presently 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 boosted its stake in Professional Diversity Network, Inc. (NASDAQ:IPDN) by 140.0% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. 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 approximately 0.55% of Professional Diversity Network worth $31,000 at the end of the most recent quarter. 27.75% of the stock is owned by institutional investors.

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.