Professional Diversity Network (NASDAQ:IPDN) Receives New Coverage from Analysts at StockNews.com

StockNews.com began coverage on shares of Professional Diversity Network (NASDAQ:IPDN – Get Rating) in a research note issued on Tuesday. The brokerage set a “hold” rating on the information services provider’s stock.

Shares of NASDAQ:IPDN opened at $0.99 on Tuesday. The business’s fifty day moving average price is $0.97 and its two-hundred day moving average price is $1.07. The stock has a market cap of $16.22 million, a PE ratio of -4.96 and a beta of 15.93. Professional Diversity Network has a one year low of $0.71 and a one year high of $2.75.

Professional Diversity Network (NASDAQ:IPDN – Get Rating) last announced its earnings results on Thursday, March 31st. The information services provider reported ($0.09) EPS for the quarter. The company had revenue of $1.47 million for the quarter. Professional Diversity Network had a negative net margin of 47.79% and a negative return on equity of 126.96%.

Large investors have recently made changes to their positions in the company. Morgan Stanley purchased a new stake in shares of Professional Diversity Network in the first quarter valued at $226,000. Geode Capital Management LLC grew its position in shares of Professional Diversity Network by 62.8% in the third quarter. Geode Capital Management LLC now owns 57,034 shares of the information services provider’s stock valued at $71,000 after purchasing an additional 22,006 shares during the period. Citadel Advisors LLC purchased a new stake in shares of Professional Diversity Network in the second quarter valued at $66,000. Renaissance Technologies LLC purchased a new stake in shares of Professional Diversity Network in the fourth quarter valued at $39,000. Finally, State Street Corp purchased a new stake in shares of Professional Diversity Network in the second quarter valued at $38,000. 35.52% of the stock is owned by institutional investors and hedge funds.

About Professional Diversity Network (Get Rating)

Professional Diversity Network, Inc operates online professional networking communities with career resources in the United States. It operates in two segments, Professional Diversity Network (PDN Network) and National Association of Professional Women (NAPW Network). The company 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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