Professional Diversity Network (NASDAQ: IPDN) stock has risen by 35% so far this month. Despite there was no positive news from the company recently, the stock has the reasons to catch the eyes of investors.
IPDN is known globally as a developer and operator of a professional platform used by many industry leaders. IPDN went public in 2013 and the company has continued to grow, develop and prosper. Currently, IPDN network is comprised of more than 15 million registered users.
The company operates two segments of its Professional Diversity Network and National Association of Professional Women. And its revenue is generated by its paid membership subscriptions and other related services.
IPDN had a very strong results in the first quarter of this year. The company achieved 51% year-over-year growth in its total revenue for the quarter, and had an improvement of 42% in its net loss from continuing operations. It's anticipated that the company's revenue might continue to grow in the few next quarters. Therefore, IPDN is a penny stock that investors should consider watching closely.
Disclaimer: The opinions expressed in this article are solely those of the featured analysts. The content is intended to be used for informational purposes only. It is very important to do your own analysis before making any investment.