Insider Buying: Zeta Network Group (NASDAQ:ZNB) Major Shareholder Acquires $22,669.50 in Stock

Zeta Network Group (NASDAQ:ZNB) major shareholder Financial Lp Hrt bought 8,925 shares of the firm’s stock in a transaction that occurred on Monday, July 27th. The stock was acquired at an average cost of $2.54 per share, with a total value of $22,669.50. Following the transaction, the insider owned 38,427 shares of the company’s stock, valued at $97,604.58. This represents a 30.25% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Large shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

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

• On Tuesday, July 28th, Financial Lp Hrt sold 42,254 shares of Zeta Network Group stock. The shares were sold at an average price of $2.87, for a total transaction of $121,268.98.
• On Friday, July 24th, Financial Lp Hrt purchased 21,929 shares of Zeta Network Group stock. The shares were acquired 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 stock was sold at an average price of $0.40, for a total transaction of $21,212.00.

Zeta Network Group Stock Performance

Zeta Network Group stock opened at $2.83 on Friday. The firm has a 50-day moving average of $6.73 and a 200-day moving average of $118.13. Zeta Network Group has a one year low of $1.83 and a one year high of $16,796.00.

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

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Zeta Network Group stock. Anson Funds Management LP bought a new stake in Zeta Network Group (NASDAQ:ZNB) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 595,397 shares of the company’s stock, valued at approximately $345,000. Anson Funds Management LP owned about 0.39% of Zeta Network Group as of its most recent filing with the Securities and Exchange Commission. 3.44% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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