Zeta Network Group (NASDAQ:ZNB) Trading Down 8.4% – Should You Sell?

Zeta Network Group (NASDAQ:ZNB)’s share price was down 8.4% on Tuesday . The company traded as low as $0.2120 and last traded at $0.2148. Approximately 1,346,402 shares were traded during trading, a decline of 54% from the average daily volume of 2,950,527 shares. The stock had previously closed at $0.2345.

Analysts Set New Price Targets

Several research firms have commented on ZNB. Wall Street Zen lowered Zeta Network Group from a “hold” rating to a “sell” rating in a research report on Saturday, December 13th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Zeta Network Group in a research note on Tuesday, January 27th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock currently has a consensus rating of “Sell”.

Zeta Network Group Price Performance

The business’s fifty day simple moving average is $0.63 and its 200 day simple moving average is $2.04.

Institutional Investors Weigh In On Zeta Network Group

A hedge fund recently bought a new stake in Zeta Network Group stock. OMERS ADMINISTRATION Corp acquired a new position in shares of Zeta Network Group (NASDAQ:ZNB) during the 4th quarter, according to its most recent 13F filing with the SEC. The fund acquired 118,285 shares of the company’s stock, valued at approximately $68,000. OMERS ADMINISTRATION Corp owned about 0.08% of Zeta Network Group as of its most recent SEC filing. 3.44% of the stock is owned by institutional investors.

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.