Professional Diversity Network (NASDAQ:IPDN) Now Covered by StockNews.com

StockNews.com began coverage on shares of Professional Diversity Network (NASDAQ:IPDNFree Report) in a research report released on Sunday morning. The firm issued a sell rating on the information services provider’s stock.

Professional Diversity Network Stock Performance

Shares of Professional Diversity Network stock opened at $2.09 on Friday. The business has a fifty day simple moving average of $1.87 and a 200-day simple moving average of $2.33. Professional Diversity Network has a fifty-two week low of $1.15 and a fifty-two week high of $7.77.

Professional Diversity Network (NASDAQ:IPDNGet Free Report) last announced its quarterly earnings data on Tuesday, November 14th. The information services provider reported ($0.12) earnings per share for the quarter. The firm had revenue of $2.01 million during the quarter. Professional Diversity Network had a negative net margin of 63.08% and a negative return on equity of 224.43%.

Institutional Investors Weigh In On Professional Diversity Network

Institutional investors and hedge funds have recently modified their holdings of the stock. Geode Capital Management LLC raised its position in shares of Professional Diversity Network by 13.3% during the fourth quarter. Geode Capital Management LLC now owns 39,674 shares of the information services provider’s stock worth $41,000 after purchasing an additional 4,646 shares during the period. BlackRock Inc. acquired a new stake in shares of Professional Diversity Network during the second quarter worth $67,000. State Street Corp raised its position in shares of Professional Diversity Network by 40.4% during the second quarter. State Street Corp now owns 23,285 shares of the information services provider’s stock worth $104,000 after purchasing an additional 6,700 shares during the period. Renaissance Technologies LLC acquired a new stake in shares of Professional Diversity Network during the first quarter worth $136,000. Finally, Vanguard Group Inc. raised its position in shares of Professional Diversity Network by 8.3% during the third quarter. Vanguard Group Inc. now owns 127,631 shares of the information services provider’s stock worth $327,000 after purchasing an additional 9,800 shares during the period. 7.92% of the stock is owned by institutional investors and hedge funds.

About Professional Diversity Network

(Get Free Report)

Professional Diversity Network, Inc operates online professional networking communities with career resources in the United States. It operates in three segments: Professional Diversity Network (PDN Network), National Association of Professional Women (NAPW Network), and RemoteMore USA (RemoteMore). The company offers online professional job seeking communities that offers recruitment services, such as single and multiple job postings, recruitment media, talent recruitment communities, corporate memberships, hiring campaign marketing and advertising, e-newsletter marketing, and research and outreach services to various cultural groups and employers.

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