Insider Buying: Zeta Network Group (NASDAQ:ZNB) Major Shareholder Acquires 8,925 Shares

Zeta Network Group (NASDAQ:ZNB) major shareholder Financial Lp Hrt bought 8,925 shares of the stock in a transaction dated Monday, July 27th. The shares were acquired at an average price of $2.54 per share, with a total value of $22,669.50. Following the completion of the acquisition, the insider directly owned 38,427 shares of the company’s stock, valued at approximately $97,604.58. The trade was a 30.25% increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Major shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

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

• On Friday, July 24th, Financial Lp Hrt bought 21,929 shares of Zeta Network Group stock. The stock was bought at an average cost 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 shares were sold at an average price of $0.40, for a total value of $21,212.00.

Zeta Network Group Price Performance

Shares of ZNB traded up $0.24 during trading hours on Tuesday, hitting $2.93. The company had a trading volume of 447,602 shares, compared to its average volume of 127,147. The firm has a fifty day moving average price of $7.36 and a 200-day moving average price 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 announced its quarterly earnings data on Thursday, June 18th. The company reported ($681.24) EPS for the quarter. The company had revenue of $8.45 million for the quarter.

Analyst Ratings Changes

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

Institutional Investors Weigh In On Zeta Network Group

An institutional investor 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) during the 4th quarter, according to its most recent Form 13F filing with the 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. 3.44% of the stock is owned by institutional investors.

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.