The Goldman Sachs Group Lowers Gemini Space Station (NASDAQ:GEMI) Price Target to $17.00

Gemini Space Station (NASDAQ:GEMI) had its price objective lowered by investment analysts at The Goldman Sachs Group from $19.00 to $17.00 in a note issued to investors on Friday,Benzinga reports. The brokerage presently has a “neutral” rating on the stock. The Goldman Sachs Group’s price target would suggest a potential upside of 48.47% from the stock’s current price.

Several other research analysts have also commented on GEMI. Zacks Research upgraded shares of Gemini Space Station to a “hold” rating in a research note on Wednesday, October 8th. Keefe, Bruyette & Woods initiated coverage on shares of Gemini Space Station in a report on Tuesday, October 7th. They issued a “market perform” rating and a $27.00 price objective for the company. Mizuho began coverage on Gemini Space Station in a report on Tuesday, October 7th. They set an “outperform” rating and a $30.00 target price on the stock. Cantor Fitzgerald reduced their price target on 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. Finally, Needham & Company LLC lowered their price objective on Gemini Space Station from $42.00 to $35.00 and set a “buy” rating on the stock in a report on Tuesday, November 11th. Six equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $26.55.

Gemini Space Station Price Performance

Shares of Gemini Space Station stock opened at $11.45 on Friday. The business has a 50-day simple moving average of $17.27. Gemini Space Station has a 1 year low of $9.67 and a 1 year high of $45.89.

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

Institutional Investors Weigh In On Gemini Space Station

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