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

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

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

Globavend Price Performance

Shares of GVH traded down $0.01 during mid-day trading on Monday, hitting $1.23. The company’s stock had a trading volume of 14,861 shares, compared to its average volume of 191,934. The company’s 50-day moving average is $2.64 and its 200-day moving average is $4.50. Globavend has a 52-week low of $1.09 and a 52-week high of $364.00.

Institutional Investors Weigh In On Globavend

An institutional investor recently bought a new position in Globavend stock. Jane Street Group LLC purchased a new position in Globavend Holdings Limited (NASDAQ:GVH) during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 249,145 shares of the company’s stock, valued at approximately $29,000. Jane Street Group LLC owned 355.92% of Globavend at the end of the most recent quarter.

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.