Gemini Space Station (NASDAQ:GEMI) Stock Price Up 10.5% – What’s Next?

Gemini Space Station, Inc. (NASDAQ:GEMI) shot up 10.5% during trading on Tuesday . The stock traded as high as $9.28 and last traded at $9.6210. 270,058 shares were traded during trading, a decline of 83% from the average session volume of 1,546,602 shares. The stock had previously closed at $8.71.

Analysts Set New Price Targets

GEMI has been the topic of a number of research analyst reports. Truist Financial cut Gemini Space Station from a “buy” rating to a “hold” rating and set a $7.00 price target on the stock. in a report on Tuesday, February 17th. Evercore lowered shares of Gemini Space Station from an “outperform” rating to an “in-line” rating and set a $10.00 price objective for the company. in a research note on Friday, February 6th. Cantor Fitzgerald reissued a “neutral” rating and set a $8.00 target price (down from $14.00) on shares of Gemini Space Station in a research note on Wednesday, February 18th. Rosenblatt Securities reduced their price target on shares of Gemini Space Station from $26.00 to $11.50 and set a “buy” rating for the company in a report on Friday, February 20th. Finally, The Goldman Sachs Group dropped their price objective on shares of Gemini Space Station from $19.00 to $17.00 and set a “neutral” rating on the stock in a report on Friday, December 5th. Three investment analysts have rated the stock with a Buy rating, nine 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 a consensus rating of “Hold” and a consensus target price of $16.68.

Gemini Space Station Trading Up 9.4%

The stock has a market capitalization of $1.12 billion and a PE ratio of -5.28. The business’s 50 day moving average is $8.58.

Institutional Trading of Gemini Space Station

A number of hedge funds and other institutional investors have recently bought and sold shares of GEMI. SBI Securities Co. Ltd. acquired a new position in Gemini Space Station during the third quarter worth $51,000. National Bank of Canada FI acquired a new position in shares of Gemini Space Station during the third quarter valued at about $123,000. Man Group plc bought a new stake in shares of Gemini Space Station during the third quarter worth about $201,000. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Gemini Space Station in the 4th quarter worth about $88,000. Finally, Sandia Investment Management LP bought a new position in Gemini Space Station in the 3rd quarter valued at about $228,000.

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.