Citigroup Issues Pessimistic Forecast for Gemini Space Station (NASDAQ:GEMI) Stock Price

Gemini Space Station (NASDAQ:GEMI) had its price objective reduced by research analysts at Citigroup from $16.00 to $13.00 in a research report issued on Monday,Benzinga reports. The brokerage currently has a “neutral” rating on the stock. Citigroup’s target price indicates a potential upside of 13.84% from the company’s previous close.

A number of other equities research analysts have also commented on GEMI. Wall Street Zen lowered Gemini Space Station from a “hold” rating to a “sell” rating in a research report on Saturday, October 11th. Mizuho assumed coverage on Gemini Space Station in a report on Tuesday, October 7th. They set an “outperform” rating and a $30.00 price objective on the stock. Weiss Ratings reiterated a “sell (d)” rating on shares of Gemini Space Station in a research report on Wednesday. Evercore ISI lowered their target price on Gemini Space Station from $30.00 to $15.00 and set an “outperform” rating for the company in a research note on Friday, November 28th. Finally, Needham & Company LLC cut their price target on Gemini Space Station from $42.00 to $35.00 and set a “buy” rating on the stock in a research note on Tuesday, November 11th. Six 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, the company presently has an average rating of “Hold” and a consensus price target of $25.36.

Gemini Space Station Stock Up 5.7%

NASDAQ GEMI opened at $11.42 on Monday. Gemini Space Station has a 1 year low of $9.67 and a 1 year high of $45.89. The business’s fifty day moving average price is $14.79.

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

Institutional Trading of Gemini Space Station

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