Professional Diversity Network (NASDAQ:IPDN) Stock Price Passes Below Two Hundred Day Moving Average – Here’s What Happened

Professional Diversity Network, Inc. (NASDAQ:IPDN)’s stock price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $2.42 and traded as low as $1.18. Professional Diversity Network shares last traded at $1.20, with a volume of 237,600 shares.

Analyst Upgrades and Downgrades

IPDN has been the topic of a number of analyst reports. Weiss Ratings reissued a “sell (d-)” rating on shares of Professional Diversity Network in a report on Monday, December 29th. Wall Street Zen downgraded Professional Diversity Network from a “hold” rating to a “sell” rating in a report on Saturday, November 22nd. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Professional Diversity Network has a consensus rating of “Sell”.

Professional Diversity Network Trading Down 28.1%

The firm has a 50-day moving average of $1.35 and a two-hundred day moving average of $2.42. The firm has a market cap of $5.86 million, a price-to-earnings ratio of -0.60 and a beta of 1.89.

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 stake in Professional Diversity Network, Inc. (NASDAQ:IPDN) by 140.0% in the fourth quarter, according to the company in 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 purchasing an additional 15,625 shares during the period. Geode Capital Management LLC owned approximately 0.55% of Professional Diversity Network worth $31,000 as of its most recent SEC filing. Institutional investors own 27.75% of the company’s stock.

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.