Professional Diversity Network (NASDAQ:IPDN) Share Price Crosses Below Two Hundred Day Moving Average – Time to Sell?

Professional Diversity Network, Inc. (NASDAQ:IPDN)’s stock price passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $1.13 and traded as low as $0.60. Professional Diversity Network shares last traded at $0.6190, with a volume of 71,846 shares trading hands.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on IPDN. Wall Street Zen upgraded shares of Professional Diversity Network to a “hold” rating in a research note on Saturday, April 18th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Professional Diversity Network in a report on Thursday, June 4th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company presently has an average rating of “Sell”.

Professional Diversity Network Trading Up 2.0%

The business’s fifty day moving average price is $0.71 and its 200 day moving average price is $1.13. The company has a market capitalization of $7.90 million, a P/E ratio of -0.35 and a beta of 1.55.

Professional Diversity Network (NASDAQ:IPDN) last posted its earnings results on Friday, May 15th. The information services provider reported ($0.19) earnings per share for the quarter. The business had revenue of $1.55 million during the quarter. Professional Diversity Network had a negative net margin of 115.19% and a negative return on equity of 82.81%.

Hedge Funds Weigh In On Professional Diversity Network

An institutional investor recently raised its stake in Professional Diversity Network stock. Geode Capital Management LLC increased its stake in shares of Professional Diversity Network, Inc. (NASDAQ:IPDN) by 140.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 26,785 shares of the information services provider’s stock after buying an additional 15,625 shares during the quarter. Geode Capital Management LLC owned 0.55% of Professional Diversity Network worth $31,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 27.75% of the company’s stock.

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.