Zeta Network Group (NASDAQ:ZNB) Shares Down 18.8% – What’s Next?

Zeta Network Group (NASDAQ:ZNB) dropped 18.8% during trading on Thursday . The company traded as low as $0.60 and last traded at $0.6467. Approximately 747,375 shares changed hands during trading, a decline of 68% from the average daily volume of 2,321,094 shares. The stock had previously closed at $0.7960.

Analysts Set New Price Targets

ZNB has been the subject of several research reports. Weiss Ratings restated a “sell (e+)” rating on shares of Zeta Network Group in a research report on Friday, April 24th. Wall Street Zen downgraded shares of Zeta Network Group from a “hold” rating to a “sell” rating in a research report on Sunday, March 22nd. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock presently has an average rating of “Sell”.

Zeta Network Group Price Performance

The company has a 50-day moving average price of $1.58 and a two-hundred day moving average price of $29.55.

Zeta Network Group (NASDAQ:ZNB) last announced its quarterly earnings results on Thursday, June 18th. The company reported ($85.16) earnings per share for the quarter. The firm had revenue of $8.45 million during the quarter.

Institutional Trading of Zeta Network Group

An institutional investor recently bought a new stake in Zeta Network Group stock. OMERS ADMINISTRATION Corp bought a new position in shares of Zeta Network Group (NASDAQ:ZNB) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 118,285 shares of the company’s stock, valued at approximately $68,000. OMERS ADMINISTRATION Corp owned 0.08% of Zeta Network Group at the end of the most recent quarter. 3.44% of the stock is owned by institutional investors and hedge funds.

Zeta Network Group Company Profile

Color Star Technology Co, Ltd., an entertainment and education company, provides online entertainment performances and music education services in the United States and China. The company operates Color World, an online platform of curriculum that includes music, sports, animation, painting and calligraphy, film and television, life skills, etc. Its Color World platform provides celebrity lectures, celebrity concert videos, celebrity peripheral products, and artist interactive communication services.