Financial Lp Hrt Sells 53,030 Shares of Zeta Network Group (NASDAQ:ZNB) Stock

Zeta Network Group (NASDAQ:ZNB) major shareholder Financial Lp Hrt sold 53,030 shares of the firm’s stock in a transaction that occurred on Monday, July 20th. The shares were sold at an average price of $0.40, for a total transaction of $21,212.00. Following the sale, the insider directly owned 101,920 shares of the company’s stock, valued at $40,768. This trade represents a 34.22% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Large shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

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

• On Monday, July 27th, Financial Lp Hrt acquired 8,925 shares of Zeta Network Group stock. The stock was purchased 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 acquired at an average cost of $0.27 per share, for a total transaction of $5,920.83.

Zeta Network Group Stock Down 18.1%

ZNB stock opened at $2.40 on Thursday. The stock’s 50 day simple moving average is $6.95 and its 200 day simple moving average is $122.58. Zeta Network Group has a 12-month low of $1.83 and a 12-month high of $17,368.00.

Zeta Network Group (NASDAQ:ZNB) last posted 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.

Institutional Investors Weigh In On Zeta Network Group

A hedge fund recently bought a new position 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 13F filing with the Securities and Exchange Commission. The firm 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. Institutional investors and hedge funds own 3.44% of the company’s stock.

Analyst Upgrades and Downgrades

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

About Zeta Network Group

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.