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

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

Professional Diversity Network Stock Performance

NASDAQ IPDN opened at $2.02 on Tuesday. The company’s fifty day moving average is $1.80 and its two-hundred day moving average is $2.77. Professional Diversity Network has a 52-week low of $0.92 and a 52-week high of $7.77.

Institutional Trading of Professional Diversity Network

Several hedge funds and other institutional investors have recently bought and sold shares of IPDN. 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 valued at $41,000 after acquiring an additional 4,646 shares in the last quarter. Renaissance Technologies LLC acquired a new stake in shares of Professional Diversity Network during the 1st quarter valued at about $136,000. BlackRock Inc. acquired a new stake in shares of Professional Diversity Network during the 2nd quarter valued at about $67,000. Finally, State Street Corp boosted its position in shares of Professional Diversity Network by 40.4% during the 2nd quarter. State Street Corp now owns 23,285 shares of the information services provider’s stock valued at $104,000 after acquiring an additional 6,700 shares in the last quarter. 7.92% of the stock is currently owned by institutional investors and hedge funds.

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.