Gemini Space Station (NASDAQ:GEMI) Stock Price Down 5.4% – Here’s What Happened

by · The Markets Daily

Gemini Space Station, Inc. (NASDAQ:GEMI – Get Free Report)’s share price dropped 5.4% during trading on Wednesday . The company traded as low as $10.68 and last traded at $10.82. Approximately 218,399 shares changed hands during mid-day trading, a decline of 92% from the average daily volume of 2,838,934 shares. The stock had previously closed at $11.44.

Analysts Set New Price Targets

GEMI has been the topic of a number of analyst reports. Cantor Fitzgerald cut their price objective on shares of Gemini Space Station from $37.00 to $25.00 and set an “overweight” rating on the stock in a research report on Friday, November 14th. Rosenblatt Securities assumed coverage on shares of Gemini Space Station in a research note on Tuesday, October 7th. They issued a “buy” rating and a $30.00 target price for the company. Needham & Company LLC reduced their price target on Gemini Space Station from $42.00 to $35.00 and set a “buy” rating on the stock in a research report on Tuesday, November 11th. Barclays began coverage on Gemini Space Station in a research report on Tuesday, October 7th. They issued an “equal weight” rating and a $41.00 price objective for the company. Finally, Weiss Ratings began coverage on Gemini Space Station in a research note on Friday. They set a “sell (d)” rating on the stock. Six investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $26.55.

Get Our Latest Stock Report on GEMI

Gemini Space Station Stock Performance

The company has a fifty day simple moving average of $16.75.

Gemini Space Station (NASDAQ:GEMI – Get Free Report) last posted its quarterly earnings results on Monday, November 10th. The company reported ($1.81) EPS for the quarter, missing the consensus estimate of ($0.82) by ($0.99). The business had revenue of $50.62 million for the quarter, compared to the consensus estimate of $45.87 million.

Institutional Inflows and Outflows

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

Gemini Space Station Company Profile

(Get Free Report)

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.

Featured Articles