Cantor Fitzgerald Cuts Gemini Space Station (NASDAQ:GEMI) Price Target to $25.00

Gemini Space Station (NASDAQ:GEMI) had its target price reduced by Cantor Fitzgerald from $37.00 to $25.00 in a research report report published on Friday morning,Benzinga reports. They currently have an overweight rating on the stock.

A number of other brokerages also recently weighed in on GEMI. Wall Street Zen downgraded shares of Gemini Space Station from a “hold” rating to a “sell” rating in a research report on Saturday, October 11th. Mizuho assumed coverage on shares of Gemini Space Station in a report on Tuesday, October 7th. They issued an “outperform” rating and a $30.00 price target for the company. Barclays began coverage on Gemini Space Station in a research report on Tuesday, October 7th. They set an “equal weight” rating and a $41.00 price target on the stock. Keefe, Bruyette & Woods started coverage on shares of Gemini Space Station in a report on Tuesday, October 7th. They set a “market perform” rating and a $27.00 target price on the stock. Finally, Zacks Research upgraded shares of Gemini Space Station to a “hold” rating in a report on Wednesday, October 8th. Six analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $29.36.

Gemini Space Station Trading Up 1.6%

NASDAQ:GEMI opened at $12.65 on Friday. Gemini Space Station has a 12-month low of $11.91 and a 12-month high of $45.89.

Gemini Space Station (NASDAQ:GEMI) last released its quarterly earnings data on Monday, November 10th. The company reported ($1.81) EPS for the quarter, missing analysts’ consensus estimates of ($0.82) by ($0.99). The company had revenue of $50.62 million during the quarter, compared to analyst estimates of $45.87 million.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in GEMI. SG Americas Securities LLC acquired a new stake in shares of Gemini Space Station in the 3rd quarter valued at approximately $325,000. Wealth Enhancement Advisory Services LLC acquired a new position in shares of Gemini Space Station during the third quarter worth $248,000. SBI Securities Co. Ltd. bought a new position in shares of Gemini Space Station in the 3rd quarter valued at $51,000. Ground Swell Capital LLC acquired a new stake in shares of Gemini Space Station during the 3rd quarter valued at $229,000. Finally, Vanguard Group Inc. bought a new stake in Gemini Space Station during the 3rd quarter worth $25,656,000.

About Gemini Space Station

Our mission is to unlock the next era of financial, creative, and personal freedom. Gemini envisions a future where crypto will redesign the global financial system, the internet, and money in a way that provides greater choice, independence, and opportunity for all. As a trusted bridge between the traditional financial system and the emerging cryptoeconomy, we are providing access for individuals and institutions to a decentralized future that is more open, fair, and secure.