Professional Diversity Network, Inc. (NASDAQ:IPDN – Get Free Report) shares passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $0.86 and traded as low as $0.1450. Professional Diversity Network shares last traded at $0.1482, with a volume of 10,590,967 shares trading hands.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Professional Diversity Network in a research note on Thursday, June 4th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has a consensus rating of “Sell”.
Professional Diversity Network Trading Down 26.0%
Professional Diversity Network (NASDAQ:IPDN – Get Free Report) last issued its quarterly earnings results on Friday, August 14th. The information services provider reported ($0.15) earnings per share for the quarter. The firm had revenue of $1.18 million during the quarter. Professional Diversity Network had a negative return on equity of 76.40% and a negative net margin of 143.98%.
Institutional Trading of Professional Diversity Network
A hedge fund recently raised its position in Professional Diversity Network stock. Geode Capital Management LLC increased its holdings in Professional Diversity Network, Inc. (NASDAQ:IPDN – Free Report) by 140.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,785 shares of the information services provider’s stock after acquiring an additional 15,625 shares during the quarter. Geode Capital Management LLC owned about 0.55% of Professional Diversity Network worth $31,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 27.75% of the stock is currently owned by hedge funds and other institutional investors.
Professional Diversity Network Company Profile
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.
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