Zeta Network Group (NASDAQ:ZNB) Stock Price Down 4.8% – What’s Next?

Zeta Network Group (NASDAQ:ZNB) was down 4.8% on Friday . The company traded as low as $1.60 and last traded at $1.60. Approximately 44,831 shares changed hands during mid-day trading, a decline of 97% from the average daily volume of 1,518,669 shares. The stock had previously closed at $1.68.

Analysts Set New Price Targets

ZNB has been the topic of a number of recent analyst reports. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Zeta Network Group in a report on Tuesday, July 21st. Wall Street Zen upgraded Zeta Network Group to a “hold” rating in a research note on Saturday, August 8th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, Zeta Network Group currently has a consensus rating of “Sell”.

Zeta Network Group Price Performance

The business has a 50 day moving average price of $2.79 and a two-hundred day moving average price of $31.67.

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

Insider Activity at Zeta Network Group

In related news, major shareholder Financial Lp Hrt sold 42,254 shares of the firm’s stock in a transaction on Tuesday, July 28th. The shares were sold at an average price of $2.87, for a total value of $121,268.98. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In the last ninety days, insiders purchased 35,001 shares of company stock worth $35,883 and sold 98,250 shares worth $147,812. Corporate insiders own 38.90% of the company’s stock.

Institutional Investors Weigh In On Zeta Network Group

An institutional investor recently bought a new position in Zeta Network Group stock. OMERS ADMINISTRATION Corp bought a new stake in shares of Zeta Network Group (NASDAQ:ZNB) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 118,285 shares of the company’s stock, valued at approximately $68,000. OMERS ADMINISTRATION Corp owned about 0.08% of Zeta Network Group as of its most recent filing with the Securities and Exchange Commission. Institutional investors 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.