Mizuho Has Lowered Expectations for Gemini Space Station (NASDAQ:GEMI) Stock Price

Gemini Space Station (NASDAQ:GEMI) had its price target reduced by analysts at Mizuho from $30.00 to $26.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Mizuho’s price objective suggests a potential upside of 128.67% from the stock’s previous close.

A number of other brokerages have also recently issued reports on GEMI. The Goldman Sachs Group cut their price objective on shares of Gemini Space Station from $19.00 to $17.00 and set a “neutral” rating for the company in a research note on Friday, December 5th. Weiss Ratings reissued a “sell (d)” rating on shares of Gemini Space Station in a research note on Wednesday, December 17th. Evercore ISI cut their price target on shares of Gemini Space Station from $30.00 to $15.00 and set an “outperform” rating for the company in a research report on Friday, November 28th. Keefe, Bruyette & Woods began coverage on 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. Finally, Barclays initiated coverage on Gemini Space Station in a research note on Tuesday, October 7th. They issued an “equal weight” rating and a $41.00 target price for the company. Six research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Gemini Space Station has an average rating of “Hold” and a consensus price target of $23.55.

Gemini Space Station Stock Up 2.5%

NASDAQ GEMI opened at $11.37 on Wednesday. Gemini Space Station has a 52-week low of $9.67 and a 52-week high of $45.89. The stock’s fifty day moving average is $13.92.

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

Institutional Investors Weigh In On Gemini Space Station

A number of large investors have recently made changes to their positions in GEMI. Dragoneer Investment Group LLC bought a new position in shares of Gemini Space Station during the third quarter valued at approximately $38,815,000. Altimeter Capital Management LP bought a new stake in Gemini Space Station in the third quarter valued at $38,336,000. UBS Group AG purchased a new stake in shares of Gemini Space Station in the 3rd quarter worth about $31,994,000. Vanguard Group Inc. purchased a new stake in shares of Gemini Space Station in the 3rd quarter worth about $25,656,000. Finally, Squarepoint Ops LLC bought a new stake in shares of Gemini Space Station during the 3rd quarter valued at about $9,547,000.

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.