Professional Diversity Network (NASDAQ:IPDN) Upgraded by Wall Street Zen to Hold Rating

Professional Diversity Network (NASDAQ:IPDN) was upgraded by equities researchers at Wall Street Zen to a “hold” rating in a research note issued on Saturday.

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Professional Diversity Network in a report on Monday, December 29th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock has an average rating of “Sell”.

Professional Diversity Network Trading Up 1.9%

NASDAQ:IPDN opened at $0.91 on Friday. The stock has a market capitalization of $9.34 million, a PE ratio of -0.46 and a beta of 1.89. The firm’s 50 day moving average is $1.33 and its 200 day moving average is $1.82. Professional Diversity Network has a 12 month low of $0.85 and a 12 month high of $12.39.

Professional Diversity Network (NASDAQ:IPDN) last posted its quarterly earnings results on Tuesday, March 31st. The information services provider reported ($0.53) EPS for the quarter. The company had revenue of $1.67 million during the quarter. Professional Diversity Network had a negative return on equity of 93.81% and a negative net margin of 98.93%.

Institutional Investors Weigh In On Professional Diversity Network

A hedge fund recently raised its stake in Professional Diversity Network stock. Geode Capital Management LLC raised its holdings in shares of Professional Diversity Network, Inc. (NASDAQ:IPDN) by 140.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 26,785 shares of the information services provider’s stock after acquiring an additional 15,625 shares during the quarter. Geode Capital Management LLC owned about 0.55% of Professional Diversity Network worth $31,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 27.75% of the stock is owned by institutional investors and hedge funds.

About Professional Diversity Network

Professional Diversity Network, Inc (NASDAQ:IPDN) is a provider of online career marketplace platforms designed to connect underrepresented talent with employment opportunities across various industries. Through its flagship PDN network, the company facilitates targeted recruiting solutions for organizations seeking to build more diverse and inclusive workforces. Its services include employer-branded career sites, targeted job advertising and custom recruitment campaigns tailored to attract diverse candidates, including women, minorities, veterans, people with disabilities and LGBTQ+ professionals.

The company’s portfolio encompasses a series of specialty job boards and career networks, each focused on specific demographic segments.