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

Research analysts at StockNews.com initiated coverage on shares of Professional Diversity Network (NASDAQ:IPDN) in a research note issued on Thursday. The brokerage set a “sell” rating on the information services provider’s stock.

Professional Diversity Network Trading Up 1.1 %

IPDN opened at $1.76 on Thursday. The stock has a market capitalization of $20.15 million, a price-to-earnings ratio of -4.19 and a beta of 12.79. Professional Diversity Network has a 1-year low of $1.15 and a 1-year high of $6.91. The business has a 50 day moving average of $1.98 and a 200-day moving average of $1.99.

Hedge Funds Weigh In On Professional Diversity Network

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in Professional Diversity Network by 13.9% during the fourth quarter. Vanguard Group Inc. now owns 145,365 shares of the information services provider’s stock worth $295,000 after buying an additional 17,734 shares in the last quarter. 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 worth $104,000 after buying an additional 6,700 shares in the last quarter. BlackRock Inc. acquired a new stake in Professional Diversity Network in the 2nd quarter valued at $67,000. Geode Capital Management LLC boosted its stake in shares of Professional Diversity Network by 89.1% in the 2nd quarter. Geode Capital Management LLC now owns 67,211 shares of the information services provider’s stock valued at $299,000 after purchasing an additional 31,673 shares in the last quarter. Finally, Renaissance Technologies LLC bought a new stake in shares of Professional Diversity Network in the 1st quarter worth about $136,000. 27.75% of the stock is currently owned by institutional investors.

About Professional Diversity Network

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.