Globavend (NASDAQ:GVH) Rating Increased to Hold at Zacks Research

Globavend (NASDAQ:GVH) was upgraded by equities research analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a report released on Monday,Zacks.com reports.

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of Globavend in a research note on Thursday, January 22nd. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Globavend presently has an average rating of “Hold” and a consensus target price of $80.00.

Globavend Price Performance

Shares of GVH opened at $1.24 on Monday. Globavend has a one year low of $1.09 and a one year high of $364.00. The stock’s fifty day moving average is $2.64 and its 200-day moving average is $4.50.

Hedge Funds Weigh In On Globavend

An institutional investor recently bought a new position in Globavend stock. Jane Street Group LLC purchased a new stake in Globavend Holdings Limited (NASDAQ:GVH) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 249,145 shares of the company’s stock, valued at approximately $29,000. Jane Street Group LLC owned 355.92% of Globavend as of its most recent SEC filing.

About Globavend

Globavend Holdings Limited, together with its subsidiaries, provides integrated cross-border logistics services and air freight forwarding services in Hong Kong, Australia, and New Zealand. The company's services include parcel consolidation, air freight forwarding, customs clearance, on-carriage parcel transportation, and delivery. It serves e-commerce merchants and operators of e-commerce platforms. The company was founded in 2016 and is based in Perth, Australia. Globavend Holdings Limited is subsidiary of Globavend Investments Limited.