Gemini Space Station (NASDAQ:GEMI) Shares Gap Down – Time to Sell?

by · The Markets Daily

Gemini Space Station, Inc. (NASDAQ:GEMI – Get Free Report)’s stock price gapped down prior to trading on Friday . The stock had previously closed at $14.99, but opened at $14.13. Gemini Space Station shares last traded at $14.36, with a volume of 1,748,492 shares trading hands.

Analyst Ratings Changes

Several research firms recently issued reports on GEMI. Truist Financial decreased their price objective on shares of Gemini Space Station from $28.00 to $17.00 and set a “buy” rating for the company in a report on Tuesday, November 25th. Zacks Research raised Gemini Space Station to a “hold” rating in a report on Wednesday, October 8th. Citigroup began coverage on Gemini Space Station in a research report on Tuesday, October 7th. They issued a “neutral” rating and a $26.00 price target on the stock. Cantor Fitzgerald reissued an “overweight” rating on shares of Gemini Space Station in a research report on Thursday. Finally, Needham & Company LLC decreased their price target on shares of 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. Six investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Gemini Space Station currently has a consensus rating of “Hold” and a consensus target price of $26.55.

Get Our Latest Stock Analysis on Gemini Space Station

Gemini Space Station Stock Performance

The business has a 50-day moving average price of $16.36.

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

Institutional Inflows and Outflows

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

About Gemini Space Station

(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.

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