Analysts Set Gemini Space Station, Inc. (NASDAQ:GEMI) Target Price at $26.55

by · The Cerbat Gem

Shares of Gemini Space Station, Inc. (NASDAQ:GEMI – Get Free Report) have been given a consensus recommendation of “Hold” by the thirteen research firms that are presently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, six have issued a hold recommendation and six have given a buy recommendation to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $23.5455.

A number of research firms have commented on GEMI. Barclays initiated coverage on Gemini Space Station in a report on Tuesday, October 7th. They set an “equal weight” rating and a $41.00 target price on the stock. Zacks Research raised shares of Gemini Space Station to a “hold” rating in a report on Wednesday, October 8th. Truist Financial lowered their target price on shares of Gemini Space Station from $28.00 to $17.00 and set a “buy” rating for the company in a research note on Tuesday, November 25th. Keefe, Bruyette & Woods initiated coverage on shares of Gemini Space Station in a research report on Tuesday, October 7th. They issued a “market perform” rating and a $27.00 price target on the stock. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating on shares of Gemini Space Station in a report on Thursday, December 11th.

Check Out Our Latest Analysis on Gemini Space Station

Gemini Space Station Stock Up 2.5%

Shares of GEMI stock opened at $11.37 on Friday. The business’s fifty day moving average is $13.92. Gemini Space Station has a 1-year low of $9.67 and a 1-year high of $45.89.

Gemini Space Station (NASDAQ:GEMI – Get Free Report) last issued 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 firm had revenue of $50.62 million for the quarter, compared to analyst estimates of $45.87 million.

Hedge Funds Weigh In On Gemini Space Station

Institutional investors have recently made changes to their positions in the stock. Dragoneer Investment Group LLC bought a new stake in shares of Gemini Space Station in the 3rd quarter worth approximately $38,815,000. Altimeter Capital Management LP bought a new stake in Gemini Space Station in the third quarter valued at $38,336,000. UBS Group AG acquired a new position in shares of Gemini Space Station during the third quarter valued at $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, Squarepoint Ops LLC bought a new position in shares of Gemini Space Station during the third quarter worth about $9,547,000.

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. Gemini was founded in 2014 to be the most trusted, secure, and easy way to buy, sell, and store crypto assets.

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