Key Points
- Major shareholder Financial Lp Hrt sold 53,030 Zeta Network Group shares at an average price of $0.40, generating $21,212 and reducing its position by 34.22% to 101,920 shares.
- Financial Lp Hrt also recently bought 30,854 shares in two transactions totaling approximately $28,590, indicating additional trading activity despite the reported sale.
- Zeta Network Group reported a quarterly loss of $681.24 per share on $8.45 million in revenue, while Weiss Ratings maintained a “sell (e+)” rating; MarketBeat’s average analyst rating is “Sell.”
Zeta Network Group (NASDAQ:ZNB - Get Free Report) major shareholder Financial Lp Hrt sold 53,030 shares of the company's stock in a transaction dated Monday, July 20th. The stock was sold at an average price of $0.40, for a total transaction of $21,212.00. Following the completion of the sale, the insider directly owned 101,920 shares of the company's stock, valued at $40,768. The trade was a 34.22% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Large shareholders that own 10% or more 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 bought 8,925 shares of Zeta Network Group stock. The stock was 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 bought 21,929 shares of Zeta Network Group stock. The shares were bought at an average cost of $0.27 per share, for a total transaction of $5,920.83.
Zeta Network Group Stock Performance
ZNB stock opened at $2.93 on Wednesday. Zeta Network Group has a 52 week low of $1.83 and a 52 week high of $18,432.00. The firm's 50-day moving average is $7.16 and its two-hundred day moving average is $126.70.
Zeta Network Group (NASDAQ:ZNB - Get Free Report) 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 for the quarter.
Institutional Inflows and Outflows
A hedge fund recently bought a new stake in Zeta Network Group stock. Anson Funds Management LP bought a new position in shares of Zeta Network Group (NASDAQ:ZNB - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 595,397 shares of the company's stock, valued at approximately $345,000. Anson Funds Management LP owned 0.39% of Zeta Network Group as of its most recent SEC filing. 3.44% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Separately, Weiss Ratings restated 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, Based on data from MarketBeat.com, the company has an average rating of "Sell".
Get Our Latest Analysis on Zeta Network Group
About Zeta Network Group
(
Get Free Report)
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.
Featured Articles
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
