StockNews.com started coverage on shares of Professional Diversity Network (NASDAQ:IPDN – Free Report) in a research report report published on Tuesday. The brokerage issued a sell rating on the information services provider’s stock.
Professional Diversity Network Price Performance
Shares of IPDN opened at $1.78 on Tuesday. The company’s 50-day simple moving average is $2.15 and its 200-day simple moving average is $2.03. Professional Diversity Network has a 1 year low of $1.15 and a 1 year high of $6.91.
Institutional Trading of Professional Diversity Network
A number of institutional investors have recently modified their holdings of the company. Vanguard Group Inc. grew its holdings in shares of Professional Diversity Network by 13.9% during the 4th quarter. Vanguard Group Inc. now owns 145,365 shares of the information services provider’s stock worth $295,000 after purchasing an additional 17,734 shares during the period. State Street Corp lifted its position in 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 worth $104,000 after acquiring an additional 6,700 shares in the last quarter. BlackRock Inc. acquired a new position in Professional Diversity Network during the 2nd quarter worth approximately $67,000. Geode Capital Management LLC lifted its position in Professional Diversity Network by 89.1% during 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 in the last quarter. Finally, Renaissance Technologies LLC acquired a new position in Professional Diversity Network during the 1st quarter worth approximately $136,000. 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.
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