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

StockNews.com started coverage on shares of Professional Diversity Network (NASDAQ:IPDN – Get Rating) in a research note issued to investors on Thursday. The firm issued a sell rating on the information services provider’s stock.

Professional Diversity Network Trading Down 6.1 %

Professional Diversity Network stock traded down $0.14 during mid-day trading on Thursday, hitting $2.17. 21,722 shares of the company traded hands, compared to its average volume of 132,459. Professional Diversity Network has a one year low of $0.92 and a one year high of $7.77. The stock has a fifty day moving average price of $4.20 and a 200-day moving average price of $2.03.

Institutional Investors Weigh In On Professional Diversity Network

An institutional investor recently raised its position in Professional Diversity Network stock. Geode Capital Management LLC lifted its holdings in Professional Diversity Network, Inc. (NASDAQ:IPDN – Get Rating) by 13.3% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 39,674 shares of the information services provider’s stock after acquiring an additional 4,646 shares during the quarter. Geode Capital Management LLC owned 0.40% of Professional Diversity Network worth $41,000 at the end of the most recent quarter. 11.27% of the stock is currently owned by institutional investors and hedge funds.

Professional Diversity Network Company Profile

(Get Rating)

Professional Diversity Network, Inc operates online and in-person networks that provide access to networking, training, educational and employment opportunities for diverse professionals. It operates through four segments: Professional Diversity Network (PDN Network), National Association of Professional Women (NAPW Network), RemoteMore, and Corporate Overhead.