Globavend (NASDAQ:GVH) Cut to “Hold” at Wall Street Zen

Wall Street Zen cut shares of Globavend (NASDAQ:GVH) from a buy rating to a hold rating in a research report report published on Sunday morning.

Separately, Litchfield Hills Research raised shares of Globavend to a “strong-buy” rating and set a $80.00 price target for the company in a report on Thursday, July 10th. One equities research analyst has rated the stock with a Strong Buy rating, According to data from MarketBeat, Globavend presently has an average rating of “Strong Buy” and a consensus price target of $80.00.

Globavend Stock Up 0.5%

GVH opened at $4.30 on Friday. The company has a fifty day moving average price of $7.78 and a two-hundred day moving average price of $117.66. Globavend has a 52 week low of $3.86 and a 52 week high of $364.00.

Institutional Investors Weigh In On Globavend

A hedge fund recently bought a new stake in Globavend stock. Jane Street Group LLC purchased a new position in shares of Globavend Holdings Limited (NASDAQ:GVH) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 249,145 shares of the company’s stock, valued at approximately $29,000. Jane Street Group LLC owned approximately 355.92% of Globavend at the end of the most recent reporting period.

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.