Gemini Space Station (NASDAQ:GEMI) Price Target Cut to $15.00 by Analysts at Evercore ISI

Gemini Space Station (NASDAQ:GEMI) had its price target reduced by analysts at Evercore ISI from $30.00 to $15.00 in a report released on Friday,Benzinga reports. The firm currently has an “outperform” rating on the stock. Evercore ISI’s target price would indicate a potential upside of 36.86% from the stock’s previous close.

Several other research firms also recently commented on GEMI. Zacks Research upgraded shares of Gemini Space Station to a “hold” rating in a research report on Wednesday, October 8th. Rosenblatt Securities assumed coverage on Gemini Space Station in a report on Tuesday, October 7th. They issued a “buy” rating and a $30.00 price objective for the company. Mizuho initiated coverage on Gemini Space Station in a research report on Tuesday, October 7th. They set an “outperform” rating and a $30.00 target price for the company. Morgan Stanley initiated coverage on Gemini Space Station in a report on Tuesday, October 7th. They set an “equal weight” rating and a $29.00 target price on the stock. Finally, Cantor Fitzgerald decreased their price target on Gemini Space Station from $37.00 to $25.00 and set an “overweight” rating on the stock in a research report on Friday, November 14th. Six analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $26.73.

Gemini Space Station Stock Up 1.8%

Gemini Space Station stock traded up $0.19 during trading hours on Friday, hitting $10.96. The company had a trading volume of 431,832 shares, compared to its average volume of 3,011,568. Gemini Space Station has a one year low of $9.85 and a one year high of $45.89. The business’s 50-day moving average is $18.56.

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

Institutional Trading of Gemini Space Station

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