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

StockNews.com began coverage on shares of Professional Diversity Network (NASDAQ:IPDN) in a research note published on Friday. The brokerage issued a sell rating on the information services provider’s stock.

Professional Diversity Network Stock Down 30.4 %

Shares of NASDAQ IPDN opened at $1.17 on Friday. The stock’s fifty day simple moving average is $1.89 and its two-hundred day simple moving average is $1.95. Professional Diversity Network has a 12-month low of $1.07 and a 12-month high of $5.50.

Institutional Trading of Professional Diversity Network

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Geode Capital Management LLC raised its stake in 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 worth $299,000 after acquiring an additional 31,673 shares during the last quarter. Renaissance Technologies LLC purchased a new position in Professional Diversity Network in the 1st quarter worth $136,000. Vanguard Group Inc. raised its stake in Professional Diversity Network by 13.9% in the 4th quarter. Vanguard Group Inc. now owns 145,365 shares of the information services provider’s stock worth $295,000 after acquiring an additional 17,734 shares during the last quarter. BlackRock Inc. purchased a new position in Professional Diversity Network in the 2nd quarter worth $67,000. Finally, State Street Corp raised its stake in 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 acquiring an additional 6,700 shares during the last quarter. Hedge funds and other institutional investors own 27.75% of the company’s stock.

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.