Gemini Space Station, Inc. (NASDAQ:GEMI) Receives $16.68 Consensus Price Target from Analysts

Gemini Space Station, Inc. (NASDAQ:GEMI) has been given an average recommendation of “Hold” by the thirteen analysts that are presently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, nine have assigned a hold recommendation and three have given a buy recommendation to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $16.6818.

GEMI has been the subject of several research analyst reports. The Goldman Sachs Group cut their price objective on Gemini Space Station from $19.00 to $17.00 and set a “neutral” rating for the company in a research report on Friday, December 5th. Weiss Ratings restated a “sell (d)” rating on shares of Gemini Space Station in a research note on Monday, December 29th. Needham & Company LLC cut their price target on Gemini Space Station from $23.00 to $10.00 and set a “buy” rating for the company in a report on Wednesday, February 18th. Rosenblatt Securities reduced their price target on shares of Gemini Space Station from $26.00 to $11.50 and set a “buy” rating on the stock in a research report on Friday, February 20th. Finally, Evercore lowered shares of Gemini Space Station from an “outperform” rating to an “in-line” rating and set a $10.00 price objective on the stock. in a report on Friday, February 6th.

Gemini Space Station Stock Down 3.4%

Shares of NASDAQ:GEMI opened at $8.94 on Friday. The company has a fifty day moving average of $8.61. Gemini Space Station has a fifty-two week low of $5.57 and a fifty-two week high of $45.89. The company has a market capitalization of $1.05 billion and a PE ratio of -4.94.

Institutional Investors Weigh In On Gemini Space Station

Several institutional investors have recently modified their holdings of GEMI. SBI Securities Co. Ltd. bought a new position in Gemini Space Station in the third quarter valued at approximately $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 acquired a new position in shares of Gemini Space Station in the 3rd quarter valued at $201,000. Caitong International Asset Management Co. Ltd bought a new position in shares of Gemini Space Station in the 4th quarter worth $88,000. Finally, Sandia Investment Management LP bought a new position in shares of Gemini Space Station in the 3rd quarter worth $228,000.

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.