ValuEngine downgraded shares of Professional Diversity Network, Inc. (NASDAQ:IPDN) from a hold rating to a sell rating in a report released on Thursday morning.

Professional Diversity Network (NASDAQ IPDN) opened at 5.31 on Thursday. The stock’s market capitalization is $20.87 million. The stock has a 50 day moving average price of $6.85 and a 200 day moving average price of $8.77. Professional Diversity Network has a 12 month low of $3.84 and a 12 month high of $13.90.

Professional Diversity Network (NASDAQ:IPDN) last posted its earnings results on Monday, May 15th. The information services provider reported ($0.80) earnings per share (EPS) for the quarter. Professional Diversity Network had a negative return on equity of 23.86% and a negative net margin of 23.54%. The firm had revenue of $5.63 million for the quarter. Equities analysts predict that Professional Diversity Network will post ($2.56) EPS for the current fiscal year.

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In other news, CEO Maoji Wang bought 18,000 shares of the stock in a transaction dated Friday, June 9th. The shares were acquired at an average cost of $8.16 per share, with a total value of $146,880.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Over the last three months, insiders have bought 22,000 shares of company stock worth $180,080. Corporate insiders own 9.20% of the company’s stock.

An institutional investor recently bought a new position in Professional Diversity Network stock. Renaissance Technologies LLC bought a new stake in Professional Diversity Network, Inc. (NASDAQ:IPDN) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 27,239 shares of the information services provider’s stock, valued at approximately $297,000. Renaissance Technologies LLC owned approximately 1.51% of Professional Diversity Network at the end of the most recent reporting period. Institutional investors own 4.72% of the company’s stock.

Professional Diversity Network Company Profile

Professional Diversity Network, Inc is an operator of professional networks with a focus on diversity. The Company serves various communities, including Women, Hispanic-Americans, African-Americans, Asian-Americans, Disabled, Military Professionals, and Lesbian, Gay, Bisexual and Transgender (LGBT). The Company’s segments include Professional Diversity Network (PDN Network), which includes online professional networking communities with career resources for the needs of various diverse cultural groups; National Association of Professional Women (NAPW Network), a women-only professional networking organization, and Noble Voice operations (Noble Voice), a career consultation and lead generation service.

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