The Goldman Sachs Group Cuts Gemini Space Station (NASDAQ:GEMI) Price Target to $17.00

Gemini Space Station (NASDAQ:GEMI) had its price objective lowered by The Goldman Sachs Group from $19.00 to $17.00 in a report published on Friday morning,Benzinga reports. The brokerage currently has a neutral rating on the stock.

GEMI has been the subject of a number of other reports. Needham & Company LLC decreased their target price on shares of Gemini Space Station from $42.00 to $35.00 and set a “buy” rating for the company in a research report on Tuesday, November 11th. Cantor Fitzgerald reduced their price objective on Gemini Space Station from $37.00 to $25.00 and set an “overweight” rating for the company in a research note on Friday, November 14th. Wall Street Zen cut Gemini Space Station from a “hold” rating to a “sell” rating in a report on Saturday, October 11th. Barclays assumed coverage on Gemini Space Station in a report on Tuesday, October 7th. They set an “equal weight” rating and a $41.00 target price on the stock. Finally, Truist Financial decreased their price target on Gemini Space Station from $28.00 to $17.00 and set a “buy” rating for the company in a report on Tuesday, November 25th. Six analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $26.55.

Gemini Space Station Price Performance

NASDAQ GEMI opened at $11.45 on Friday. Gemini Space Station has a 12-month low of $9.67 and a 12-month high of $45.89. The business has a fifty day moving average of $17.27.

Gemini Space Station (NASDAQ:GEMI) last issued its quarterly earnings results 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 the consensus estimate of $45.87 million.

Institutional Trading of Gemini Space Station

Several 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 purchased a new position in Gemini Space Station in the third quarter worth approximately $123,000. Man Group plc acquired a new stake in Gemini Space Station during the third quarter worth $201,000. Sandia Investment Management LP purchased a new stake in Gemini Space Station in the third quarter valued at $228,000. Finally, Ground Swell Capital LLC purchased a new stake in Gemini Space Station in the third quarter valued at $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.