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

Zeta Network Group (NASDAQ:ZNB) major shareholder Financial Lp Hrt sold 53,030 shares of the company’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 value of $21,212.00. Following the sale, the insider owned 101,920 shares in the company, valued at $40,768. The trade was a 34.22% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Large shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

Zeta Network Group Trading Up 5.2%

NASDAQ:ZNB traded up $0.14 during trading hours on Tuesday, reaching $2.83. 296,227 shares of the stock were exchanged, compared to its average volume of 126,078. The firm has a 50 day simple moving average of $7.36 and a 200-day simple moving average of $130.51. Zeta Network Group has a 52 week low of $1.83 and a 52 week high of $18,432.00.

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

Analyst Upgrades and Downgrades

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

Institutional Trading of Zeta Network Group

A hedge fund recently bought a new position in Zeta Network Group stock. OMERS ADMINISTRATION Corp acquired a new stake in shares of Zeta Network Group (NASDAQ:ZNB) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 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.