Professional Diversity Network (NASDAQ:IPDN) Coverage Initiated by Analysts at StockNews.com

Stock analysts at StockNews.com assumed coverage on shares of Professional Diversity Network (NASDAQ:IPDN) in a report released on Friday. The firm set a “sell” rating on the information services provider’s stock.

Professional Diversity Network Stock Up 2.7 %

Shares of Professional Diversity Network stock opened at $2.69 on Friday. Professional Diversity Network has a twelve month low of $0.92 and a twelve month high of $7.77. The firm’s 50-day moving average price is $3.07 and its 200 day moving average price is $3.65.

Professional Diversity Network (NASDAQ:IPDN) last announced its quarterly earnings data on Monday, August 14th. The information services provider reported ($0.14) earnings per share (EPS) for the quarter. Professional Diversity Network had a negative net margin of 59.36% and a negative return on equity of 197.78%. The business had revenue of $1.84 million for the quarter.

Institutional Trading of Professional Diversity Network

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Geode Capital Management LLC boosted its position in shares of Professional Diversity Network by 13.3% during the 4th 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 in the second quarter valued at $67,000. State Street Corp raised its holdings in shares of Professional Diversity Network by 40.4% in the 2nd quarter. State Street Corp now owns 23,285 shares of the information services provider’s stock valued at $104,000 after buying an additional 6,700 shares during the period. Finally, Renaissance Technologies LLC purchased a new stake in shares of Professional Diversity Network in the 1st quarter valued at $136,000. 7.92% of the stock is currently owned by hedge funds and other institutional investors.

Professional Diversity Network Company Profile

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.