Zeta Network Group (NASDAQ:ZNB) Posts Quarterly Earnings Results

Zeta Network Group (NASDAQ:ZNB) posted its quarterly earnings data on Thursday. The company reported ($85.16) earnings per share for the quarter, FiscalAI reports. The firm had revenue of $8.45 million during the quarter.

Zeta Network Group Price Performance

Shares of Zeta Network Group stock opened at $0.65 on Friday. Zeta Network Group has a 52 week low of $0.60 and a 52 week high of $2,625.00. The stock has a 50 day moving average price of $1.58 and a two-hundred day moving average price of $29.55.

Hedge Funds Weigh In On Zeta Network Group

An institutional investor recently bought a new position in Zeta Network Group stock. Anson Funds Management LP purchased 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 SEC. The fund purchased 595,397 shares of the company’s stock, valued at approximately $345,000. Anson Funds Management LP owned approximately 0.39% of Zeta Network Group at the end of the most recent quarter. 3.44% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on ZNB. Wall Street Zen lowered shares of Zeta Network Group from a “hold” rating to a “sell” rating in a research note on Sunday, March 22nd. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Zeta Network Group in a research note on Friday, April 24th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock presently 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.