Gemini Space Station (NASDAQ:GEMI) Given New $15.00 Price Target at Evercore ISI

Gemini Space Station (NASDAQ:GEMI) had its target price lowered by Evercore ISI from $30.00 to $15.00 in a report released on Friday,Benzinga reports. The firm currently has an outperform rating on the stock.

Several other equities analysts have also commented on the stock. Cantor Fitzgerald lowered their price target on shares of Gemini Space Station from $37.00 to $25.00 and set an “overweight” rating for the company in a research report on Friday, November 14th. Rosenblatt Securities began coverage on shares of Gemini Space Station in a report on Tuesday, October 7th. They issued a “buy” rating and a $30.00 price objective for the company. Barclays initiated coverage on Gemini Space Station in a report on Tuesday, October 7th. They set an “equal weight” rating and a $41.00 target price on the stock. The Goldman Sachs Group cut their price objective on Gemini Space Station from $22.00 to $19.00 and set a “neutral” rating on the stock in a report on Friday, November 21st. Finally, Zacks Research upgraded shares of Gemini Space Station to a “hold” rating in a research report on Wednesday, October 8th. Six research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, Gemini Space Station has an average rating of “Moderate Buy” and an average target price of $26.73.

Gemini Space Station Price Performance

Shares of GEMI stock opened at $11.00 on Friday. The company has a 50 day moving average of $18.40. Gemini Space Station has a 52 week low of $9.85 and a 52 week high of $45.89.

Gemini Space Station (NASDAQ:GEMI) last released its quarterly earnings data on Monday, November 10th. The company reported ($1.81) earnings per share (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 Trading of Gemini Space Station

Institutional investors and hedge funds have recently made changes to their positions in the stock. SBI Securities Co. Ltd. bought a new stake in shares of Gemini Space Station during the 3rd quarter worth about $51,000. National Bank of Canada FI acquired a new stake in Gemini Space Station in the 3rd quarter worth approximately $123,000. Man Group plc acquired a new stake in Gemini Space Station in the 3rd quarter worth approximately $201,000. Sandia Investment Management LP bought a new stake in Gemini Space Station during the third quarter worth approximately $228,000. Finally, Ground Swell Capital LLC acquired a new position in Gemini Space Station during the third quarter valued at approximately $229,000.

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.