Cantor Fitzgerald Has Lowered Expectations for Gemini Space Station (NASDAQ:GEMI) Stock Price

Gemini Space Station (NASDAQ:GEMI) had its price target decreased by equities researchers at Cantor Fitzgerald from $25.00 to $14.00 in a research note issued to investors on Thursday, MarketBeat reports. The firm currently has an “overweight” rating on the stock. Cantor Fitzgerald’s target price would suggest a potential upside of 67.87% from the stock’s previous close.

GEMI has been the topic of several other research reports. Citigroup cut their price target on Gemini Space Station from $16.00 to $13.00 and set a “neutral” rating on the stock in a report on Monday, December 22nd. Truist Financial reduced their price target on shares of Gemini Space Station from $28.00 to $17.00 and set a “buy” rating for the company in a research report on Tuesday, November 25th. Needham & Company LLC lowered their price objective on shares of Gemini Space Station from $35.00 to $23.00 and set a “buy” rating on the stock in a report on Monday, December 29th. Keefe, Bruyette & Woods initiated coverage on shares of Gemini Space Station in a report on Tuesday, October 7th. They set a “market perform” rating and a $27.00 price objective for the company. Finally, Mizuho lowered their target price on shares of Gemini Space Station from $30.00 to $26.00 and set an “outperform” rating on the stock in a report on Wednesday, December 24th. 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 company’s stock. According to data from MarketBeat.com, Gemini Space Station presently has an average rating of “Hold” and an average price target of $21.45.

Gemini Space Station Price Performance

Shares of GEMI stock opened at $8.34 on Thursday. The company has a market capitalization of $981.20 million and a PE ratio of -4.61. The firm has a 50 day moving average of $10.76. Gemini Space Station has a one year low of $7.84 and a one year high of $45.89.

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

Hedge Funds Weigh In On Gemini Space Station

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

Gemini Space Station Company Profile

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.