Professional Diversity Network (NASDAQ:IPDN) Posts Earnings Results

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

Professional Diversity Network Price Performance

NASDAQ IPDN traded up $0.02 during mid-day trading on Friday, reaching $0.26. The stock had a trading volume of 855,240 shares, compared to its average volume of 574,753. Professional Diversity Network has a 1 year low of $0.20 and a 1 year high of $12.39. The stock has a market cap of $3.32 million, a PE ratio of -0.15 and a beta of 1.61. The company has a fifty day moving average price of $0.50 and a 200 day moving average price of $0.89.

Institutional Trading of Professional Diversity Network

An institutional investor 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% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor 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 as of its most recent filing with the Securities and Exchange Commission (SEC). 27.75% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have recently commented on IPDN shares. Weiss Ratings reissued a “sell (e+)” rating on shares of Professional Diversity Network in a research note on Thursday, June 4th. Wall Street Zen upgraded shares of Professional Diversity Network to a “hold” rating in a research note on Saturday, April 18th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, Professional Diversity Network has a consensus 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.