ValuEngine Upgrades Professional Diversity Network (IPDN) to “Hold”

ValuEngine upgraded shares of Professional Diversity Network (NASDAQ:IPDN) from a sell rating to a hold rating in a research note released on Monday morning.

Shares of IPDN stock opened at $2.90 on Monday. Professional Diversity Network has a twelve month low of $2.45 and a twelve month high of $9.95.

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A hedge fund recently raised its stake in Professional Diversity Network stock. Vanguard Group Inc. increased its position in shares of Professional Diversity Network, Inc. (NASDAQ:IPDN) by 27.6% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 20,497 shares of the information services provider’s stock after acquiring an additional 4,436 shares during the quarter. Vanguard Group Inc. owned approximately 0.52% of Professional Diversity Network worth $141,000 as of its most recent filing with the Securities and Exchange Commission. Hedge funds and other institutional investors own 5.00% of the company’s stock.

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About Professional Diversity Network

Professional Diversity Network, Inc operates online professional networking communities with career resources in the United States. The company operates through three segments: Professional Diversity Network, National Association of Professional Women, and Noble Voice Operations. It serves various cultural groups, such as women; Hispanic-Americans; African-Americans; Asian-Americans; disabled; military professionals; lesbians, gays, bisexuals, and transgenders; and students and graduates.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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