Professional Diversity Network (NASDAQ:IPDN) Upgraded by Wall Street Zen to “Hold” Rating

Wall Street Zen upgraded shares of Professional Diversity Network (NASDAQ:IPDN) to a hold rating in a research note released on Saturday morning.

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Professional Diversity Network in a research report on Monday, December 29th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the stock currently has an average rating of “Sell”.

Professional Diversity Network Price Performance

IPDN stock opened at $0.91 on Friday. The company’s 50 day simple moving average is $1.33 and its 200-day simple moving average is $1.81. The firm has a market capitalization of $9.34 million, a PE ratio of -0.46 and a beta of 1.89. Professional Diversity Network has a 12 month low of $0.85 and a 12 month high of $12.39.

Professional Diversity Network (NASDAQ:IPDN) last announced its earnings results on Tuesday, March 31st. The information services provider reported ($0.53) earnings per share (EPS) for the quarter. Professional Diversity Network had a negative return on equity of 93.81% and a negative net margin of 98.93%.The firm had revenue of $1.67 million for the quarter.

Institutional Trading of Professional Diversity Network

A hedge fund recently raised its stake in Professional Diversity Network stock. Geode Capital Management LLC boosted its stake in shares of Professional Diversity Network, Inc. (NASDAQ:IPDN) by 140.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. 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 at the end of the most recent reporting period. 27.75% of the stock is owned by hedge funds and other institutional investors.

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.