Globavend (NASDAQ:GVH) Upgraded at Zacks Research

Zacks Research upgraded shares of Globavend (NASDAQ:GVH) from a strong sell rating to a hold rating in a research report sent to investors on Monday morning,Zacks.com reports.

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Globavend in a research report 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 issued a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $80.00.

Globavend Price Performance

Shares of GVH stock opened at $1.29 on Monday. The stock has a 50 day moving average price of $2.59 and a 200 day moving average price of $4.48. Globavend has a 52-week low of $1.09 and a 52-week high of $364.00.

Hedge Funds Weigh In On Globavend

A hedge fund recently bought a new stake in Globavend stock. Jane Street Group LLC acquired a new stake in shares of Globavend Holdings Limited (NASDAQ:GVH) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 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.