Gemini Space Station (NASDAQ:GEMI) Given New $25.00 Price Target at Cantor Fitzgerald

Gemini Space Station (NASDAQ:GEMI) had its price target decreased by equities research analysts at Cantor Fitzgerald from $37.00 to $25.00 in a report released on Friday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Cantor Fitzgerald’s target price suggests a potential upside of 100.48% from the company’s previous close.

A number of other equities research analysts have also commented on the company. Evercore ISI started coverage on Gemini Space Station in a research report on Tuesday, October 7th. They set an “outperform” rating and a $30.00 price target on the stock. Keefe, Bruyette & Woods assumed coverage on shares of Gemini Space Station in a report on Tuesday, October 7th. They issued a “market perform” rating and a $27.00 price objective on the stock. Mizuho began coverage on shares of Gemini Space Station in a report on Tuesday, October 7th. They set an “outperform” rating and a $30.00 target price for the company. The Goldman Sachs Group lowered their price target on shares of Gemini Space Station from $25.00 to $22.00 and set a “neutral” rating on the stock in a research note on Wednesday. Finally, Needham & Company LLC reduced their price objective on shares of Gemini Space Station from $42.00 to $35.00 and set a “buy” rating for the company in a research note on Tuesday. Six investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $29.36.

Gemini Space Station Stock Up 0.2%

Shares of GEMI traded up $0.02 during trading hours on Friday, hitting $12.47. 892,519 shares of the stock traded hands, compared to its average volume of 3,265,400. Gemini Space Station has a 1-year low of $11.91 and a 1-year high of $45.89.

Gemini Space Station (NASDAQ:GEMI) last announced 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 company 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 bought and sold shares of the business. SBI Securities Co. Ltd. acquired a new position in shares of Gemini Space Station during the 3rd quarter worth approximately $51,000. Ground Swell Capital LLC bought a new position in Gemini Space Station during the third quarter worth $229,000. Wealth Enhancement Advisory Services LLC acquired a new position in shares of Gemini Space Station in the third quarter valued at $248,000. SG Americas Securities LLC bought a new position in shares of Gemini Space Station in the third quarter valued at about $325,000. Finally, TD Asset Management Inc acquired a new stake in shares of Gemini Space Station during the 3rd quarter worth about $415,000.

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.