Gemini Space Station, Inc. (NASDAQ:GEMI) Receives $20.08 Average Price Target from Brokerages

Shares of Gemini Space Station, Inc. (NASDAQ:GEMI) have been assigned a consensus recommendation of “Hold” from the fourteen analysts that are currently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, eight have issued a hold recommendation and five have assigned a buy recommendation to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $20.0833.

GEMI has been the subject of several research reports. Morgan Stanley reduced their price objective on Gemini Space Station from $29.00 to $13.00 and set an “equal weight” rating for the company in a report on Monday, December 22nd. Weiss Ratings reiterated a “sell (d)” rating on shares of Gemini Space Station in a research note on Monday, December 29th. The Goldman Sachs Group lowered their price objective on Gemini Space Station from $19.00 to $17.00 and set a “neutral” rating on the stock in a research note on Friday, December 5th. Evercore lowered shares of Gemini Space Station from an “outperform” rating to an “in-line” rating and set a $10.00 target price for the company. in a research report on Friday, February 6th. Finally, Mizuho lowered their price target on shares of Gemini Space Station from $30.00 to $26.00 and set an “outperform” rating on the stock in a research report on Wednesday, December 24th.

Hedge Funds Weigh In On Gemini Space Station

A number of large investors have recently made changes to their positions in the stock. Norges Bank purchased a new position in shares of Gemini Space Station during the 4th quarter valued at $992,000. Geode Capital Management LLC lifted its stake in Gemini Space Station by 1,220.7% in the fourth quarter. Geode Capital Management LLC now owns 484,571 shares of the company’s stock worth $4,808,000 after purchasing an additional 447,881 shares during the last quarter. SBI Securities Co. Ltd. lifted its stake in shares of Gemini Space Station by 362.1% in the 4th quarter. SBI Securities Co. Ltd. now owns 9,930 shares of the company’s stock valued at $99,000 after acquiring an additional 7,781 shares during the last quarter. Hudson Bay Capital Management LP bought a new stake in Gemini Space Station in the third quarter valued at approximately $647,000. Finally, Alpine Global Management LLC purchased a new position in shares of Gemini Space Station in the third quarter worth $240,000.

Gemini Space Station Trading Down 8.4%

Shares of GEMI stock opened at $6.68 on Monday. The company has a market capitalization of $785.90 million and a price-to-earnings ratio of -3.69. Gemini Space Station has a 52 week low of $6.66 and a 52 week high of $45.89. The stock has a 50-day moving average of $10.25.

Gemini Space Station (NASDAQ:GEMI) last issued its quarterly earnings results on Monday, November 10th. The company reported ($1.81) earnings per share (EPS) 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 the consensus estimate of $45.87 million.

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.