Gemini Space Station (NASDAQ:GEMI) Reaches New 52-Week Low – What’s Next?

Gemini Space Station, Inc. (NASDAQ:GEMI) hit a new 52-week low during trading on Wednesday . The stock traded as low as $6.66 and last traded at $6.68, with a volume of 1210773 shares trading hands. The stock had previously closed at $7.29.

Analysts Set New Price Targets

GEMI has been the topic of a number of research reports. Evercore ISI downgraded Gemini Space Station from an “outperform” rating to an “in-line” rating and set a $10.00 target price on the stock. in a report on Friday, February 6th. Mizuho dropped their price objective on Gemini Space Station from $30.00 to $26.00 and set an “outperform” rating on the stock in a research note on Wednesday, December 24th. Citigroup decreased their price target on shares of Gemini Space Station from $16.00 to $13.00 and set a “neutral” rating on the stock in a research report on Monday, December 22nd. Morgan Stanley lowered their price target on shares of Gemini Space Station from $29.00 to $13.00 and set an “equal weight” rating on the stock in a report on Monday, December 22nd. Finally, The Goldman Sachs Group dropped their price objective on Gemini Space Station from $19.00 to $17.00 and set a “neutral” rating for the company in a research note on Friday, December 5th. Five investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Gemini Space Station presently has an average rating of “Hold” and an average price target of $20.08.

Gemini Space Station Price Performance

The firm has a fifty day moving average price of $10.33. The stock has a market cap of $785.93 million and a price-to-earnings ratio of -3.69.

Gemini Space Station (NASDAQ:GEMI) last released its quarterly earnings data on Monday, November 10th. The company reported ($1.81) earnings per share 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 the consensus estimate of $45.87 million.

Institutional Investors Weigh In On Gemini Space Station

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

Gemini Space Station Company Profile

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.