Insider Selling: Zeta Network Group (NASDAQ:ZNB) Major Shareholder Sells 42,254 Shares

Zeta Network Group (NASDAQ:ZNB) major shareholder Financial Lp Hrt sold 42,254 shares of the company’s stock in a transaction dated Tuesday, July 28th. The shares were sold at an average price of $2.87, for a total value of $121,268.98. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Major shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Financial Lp Hrt also recently made the following trade(s):

• On Monday, July 27th, Financial Lp Hrt purchased 8,925 shares of Zeta Network Group stock. The shares were bought at an average price of $2.54 per share, with a total value of $22,669.50.
• On Friday, July 24th, Financial Lp Hrt acquired 21,929 shares of Zeta Network Group stock. The stock was bought at an average price of $0.27 per share, for a total transaction of $5,920.83.
• On Monday, July 20th, Financial Lp Hrt sold 53,030 shares of Zeta Network Group stock. The stock was sold at an average price of $0.40, for a total transaction of $21,212.00.

Zeta Network Group Trading Up 17.9%

Shares of NASDAQ:ZNB traded up $0.43 during trading on Thursday, reaching $2.83. 418,466 shares of the company traded hands, compared to its average volume of 130,142. The firm has a fifty day simple moving average of $6.95 and a 200 day simple moving average of $122.58. Zeta Network Group has a 1-year low of $1.83 and a 1-year high of $16,796.00.

Zeta Network Group (NASDAQ:ZNB) last issued its earnings results on Thursday, June 18th. The company reported ($681.24) EPS for the quarter. The business had revenue of $8.45 million during the quarter.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Zeta Network Group in a research note on Tuesday, July 21st. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, Zeta Network Group has a consensus rating of “Sell”.

Institutional Inflows and Outflows

A hedge fund recently bought a new position in Zeta Network Group stock. OMERS ADMINISTRATION Corp purchased a new stake in shares of Zeta Network Group (NASDAQ:ZNB) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 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 reporting period. Institutional investors and hedge funds own 3.44% of the company’s stock.

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.