Analysts Set Gemini Space Station, Inc. (NASDAQ:GEMI) Target Price at $13.36

Shares of Gemini Space Station, Inc. (NASDAQ:GEMI) have been given a consensus recommendation of “Hold” by the thirteen analysts that are currently covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a sell recommendation, eight have assigned a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year price target among brokers that have covered the stock in the last year is $13.3636.

A number of equities analysts have commented on GEMI shares. Truist Financial lowered shares of Gemini Space Station from a “buy” rating to a “hold” rating and set a $7.00 price objective on the stock. in a report on Tuesday, February 17th. Citigroup downgraded Gemini Space Station from a “neutral” rating to a “sell” rating and lowered their target price for the company from $13.00 to $5.50 in a research note on Wednesday, March 18th. Cantor Fitzgerald reiterated a “neutral” rating and issued a $8.00 price target (down from $14.00) on shares of Gemini Space Station in a research note on Wednesday, February 18th. Needham & Company LLC reduced their price target on Gemini Space Station from $10.00 to $8.00 and set a “buy” rating for the company in a report on Monday, March 23rd. Finally, The Goldman Sachs Group lowered their price objective on Gemini Space Station from $7.50 to $6.50 and set a “neutral” rating for the company in a research note on Thursday, March 26th.

Gemini Space Station Stock Performance

NASDAQ GEMI opened at $4.29 on Tuesday. Gemini Space Station has a fifty-two week low of $3.91 and a fifty-two week high of $45.89. The business has a 50 day moving average of $6.92. The stock has a market cap of $504.72 million and a PE ratio of -1.42.

Gemini Space Station (NASDAQ:GEMI) last posted its quarterly earnings data on Thursday, March 19th. The company reported ($1.22) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($1.06) by ($0.16). The firm had revenue of $60.34 million for the quarter.

Insider Activity at Gemini Space Station

In other news, Director Sachin Chand Jaitly sold 39,708 shares of the firm’s stock in a transaction that occurred on Wednesday, March 11th. The shares were sold at an average price of $8.92, for a total transaction of $354,195.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Institutional Trading of Gemini Space Station

Several institutional investors have recently added to or reduced their stakes in GEMI. Dragoneer Investment Group LLC acquired a new position in Gemini Space Station during the 3rd quarter worth $38,815,000. Altimeter Capital Management LP acquired a new stake in shares of Gemini Space Station in the 3rd quarter valued at about $38,336,000. UBS Group AG acquired a new stake in shares of Gemini Space Station in the 3rd quarter valued at about $31,994,000. Vanguard Group Inc. bought a new position in shares of Gemini Space Station during the third quarter worth about $25,656,000. Finally, Commonwealth Bank of Australia acquired a new position in Gemini Space Station in the fourth quarter worth about $7,086,000.

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.