Professional Diversity Network (NASDAQ:IPDN) Research Coverage Started at StockNews.com

StockNews.com started coverage on shares of Professional Diversity Network (NASDAQ:IPDN) in a report released on Friday. The firm issued a sell rating on the information services provider’s stock.

Professional Diversity Network Stock Performance

NASDAQ IPDN opened at $1.17 on Friday. Professional Diversity Network has a 1 year low of $1.07 and a 1 year high of $5.50. The company has a fifty day moving average of $1.89 and a two-hundred day moving average of $1.95.

Institutional Investors Weigh In On Professional Diversity Network

A number of institutional investors and hedge funds have recently made changes to their positions in IPDN. Geode Capital Management LLC raised its holdings in shares of Professional Diversity Network by 13.3% in the fourth quarter. Geode Capital Management LLC now owns 39,674 shares of the information services provider’s stock valued at $41,000 after buying an additional 4,646 shares during the last quarter. BlackRock Inc. purchased a new stake in shares of Professional Diversity Network in the second quarter valued at about $67,000. State Street Corp raised its holdings in shares of Professional Diversity Network by 40.4% in the second 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 last quarter. Renaissance Technologies LLC purchased a new stake in shares of Professional Diversity Network in the first quarter valued at about $136,000. Finally, Vanguard Group Inc. raised its holdings in shares of Professional Diversity Network by 13.9% in the fourth quarter. Vanguard Group Inc. now owns 145,365 shares of the information services provider’s stock valued at $295,000 after buying an additional 17,734 shares during the last quarter. 27.75% of the stock is owned by hedge funds and other 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.