Gemini Space Station (NASDAQ:GEMI) Price Target Lowered to $13.00 at Citigroup

Gemini Space Station (NASDAQ:GEMI) had its price target reduced by Citigroup from $16.00 to $13.00 in a research note published on Monday,Benzinga reports. Citigroup currently has a neutral rating on the stock.

Several other equities analysts have also recently weighed in on the company. The Goldman Sachs Group lowered their price target on Gemini Space Station from $19.00 to $17.00 and set a “neutral” rating on the stock in a report on Friday, December 5th. Zacks Research raised Gemini Space Station to a “hold” rating in a research report on Wednesday, October 8th. Morgan Stanley started coverage on Gemini Space Station in a research note on Tuesday, October 7th. They set an “equal weight” rating and a $29.00 price target for the company. Rosenblatt Securities assumed coverage on shares of Gemini Space Station in a research report on Tuesday, October 7th. They set a “buy” rating and a $30.00 price target for the company. Finally, Evercore ISI lowered their price objective on shares of Gemini Space Station from $30.00 to $15.00 and set an “outperform” rating on the stock in a research note on Friday, November 28th. Six analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given 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 $23.91.

Gemini Space Station Trading Up 2.8%

GEMI opened at $11.74 on Monday. The company’s 50-day moving average is $14.55. Gemini Space Station has a 52-week low of $9.67 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 for the quarter, missing the consensus estimate of ($0.82) by ($0.99). The firm had revenue of $50.62 million for the quarter, compared to analysts’ expectations of $45.87 million.

Institutional Investors Weigh In On Gemini Space Station

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Dragoneer Investment Group LLC purchased a new position in Gemini Space Station during the third quarter valued at approximately $38,815,000. Altimeter Capital Management LP bought a new stake in shares of Gemini Space Station during the 3rd quarter valued at $38,336,000. UBS Group AG bought a new stake in shares of Gemini Space Station during the 3rd quarter valued at $31,994,000. Vanguard Group Inc. purchased a new position in shares of Gemini Space Station during the 3rd quarter valued at $25,656,000. Finally, Squarepoint Ops LLC bought a new position in Gemini Space Station in the 3rd quarter worth $9,547,000.

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. Gemini was founded in 2014 to be the most trusted, secure, and easy way to buy, sell, and store crypto assets.