Professional Diversity Network (NASDAQ:IPDN) Shares Cross Below 200-Day Moving Average – Should You Sell?

Professional Diversity Network, Inc. (NASDAQ:IPDN)’s stock price passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $2.43 and traded as low as $1.70. Professional Diversity Network shares last traded at $1.89, with a volume of 101,050 shares traded.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on IPDN. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Professional Diversity Network in a research note on Monday, December 29th. Wall Street Zen cut shares of Professional Diversity Network from a “hold” rating to a “sell” rating in a research report on Saturday, November 22nd. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company has an average rating of “Sell”.

Professional Diversity Network Price Performance

The business’s 50 day simple moving average is $1.34 and its 200-day simple moving average is $2.43. The stock has a market capitalization of $9.42 million, a P/E ratio of -0.97 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% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. 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 as of its most recent filing with the Securities and Exchange Commission. 27.75% of the stock is currently owned by 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.