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

Zeta Network Group (NASDAQ:ZNB) posted its earnings results on Monday. The company reported $217.45 earnings per share (EPS) for the quarter, reports. The company had revenue of $5.73 million for the quarter.

Zeta Network Group Stock Down 2.8%

Shares of Zeta Network Group stock opened at $0.75 on Tuesday. Zeta Network Group has a 12 month low of $0.65 and a 12 month high of $1,376.00. The stock’s fifty day simple moving average is $1.50 and its 200 day simple moving average is $6.47.

Insiders Place Their Bets

In other Zeta Network Group news, major shareholder Financial Lp Hrt sold 42,254 shares of Zeta Network Group stock in a transaction dated Tuesday, July 28th. The stock was sold at an average price of $2.87, for a total transaction of $121,268.98. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In the last 90 days, insiders bought 36,455 shares of company stock worth $38,277 and sold 46,906 shares worth $129,247. Corporate insiders own 38.90% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on ZNB shares. Wall Street Zen upgraded shares of Zeta Network Group to a “hold” rating in a report on Saturday, August 8th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Zeta Network Group in a research note on Tuesday, July 21st. One research analyst has rated the stock with a Sell rating. According to MarketBeat, the stock presently has an average rating of “Sell”.

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.