Gemini Space Station, Inc.’s Lock-Up Period Will Expire on March 11th (NASDAQ:GEMI)

Gemini Space Station’s (NASDAQ:GEMI) lock-up period is set to end on Wednesday, March 11th. Gemini Space Station had issued 15,178,572 shares in its IPO on September 12th. The total size of the offering was $425,000,016 based on an initial share price of $28.00. After the end of the company’s lock-up period, company insiders and major shareholders will be able to sell their shares of the company.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Truist Financial cut shares of Gemini Space Station from a “buy” rating to a “hold” rating and set a $7.00 price objective for the company. in a research report on Tuesday, February 17th. Rosenblatt Securities lowered their price target on Gemini Space Station from $26.00 to $11.50 and set a “buy” rating for the company in a report on Friday, February 20th. Weiss Ratings reissued a “sell (d)” rating on shares of Gemini Space Station in a research note on Monday, December 29th. Mizuho decreased their target price on Gemini Space Station from $30.00 to $26.00 and set an “outperform” rating for the company in a research report on Wednesday, December 24th. Finally, 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 research note on Monday, December 22nd. Three research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $16.68.

Gemini Space Station Trading Down 1.5%

GEMI opened at $6.50 on Wednesday. The company has a market cap of $764.73 million and a price-to-earnings ratio of -3.59. Gemini Space Station has a 12 month low of $5.57 and a 12 month high of $45.89. The stock has a fifty day moving average of $8.74.

Institutional Investors Weigh In On Gemini Space Station

Several institutional investors have recently bought and sold shares of GEMI. SBI Securities Co. Ltd. purchased a new position in Gemini Space Station in the third quarter worth $51,000. National Bank of Canada FI purchased a new position in Gemini Space Station during the 3rd quarter worth $123,000. Man Group plc purchased a new position in Gemini Space Station during the 3rd quarter worth $201,000. Caitong International Asset Management Co. Ltd acquired a new position in Gemini Space Station during the 4th quarter valued at about $88,000. Finally, Sandia Investment Management LP purchased a new stake in Gemini Space Station in the third quarter valued at about $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.