Gemini Space Station (NASDAQ:GEMI) Given New $14.00 Price Target at Cantor Fitzgerald

Gemini Space Station (NASDAQ:GEMI) had its target price decreased by Cantor Fitzgerald from $25.00 to $14.00 in a research note published on Thursday morning, MarketBeat.com reports. Cantor Fitzgerald currently has an overweight rating on the stock.

A number of other research firms have also commented on GEMI. Morgan Stanley lowered their price target on shares of Gemini Space Station from $29.00 to $13.00 and set an “equal weight” rating for the company in a report on Monday, December 22nd. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Gemini Space Station in a research note on Monday, December 29th. The Goldman Sachs Group cut their target price on Gemini Space Station from $19.00 to $17.00 and set a “neutral” rating on the stock in a research note on Friday, December 5th. Wall Street Zen lowered Gemini Space Station from a “hold” rating to a “sell” rating in a research report on Saturday, October 11th. Finally, Rosenblatt Securities started coverage on Gemini Space Station in a research report on Tuesday, October 7th. They issued a “buy” rating and a $30.00 price objective on the stock. Six research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Gemini Space Station has a consensus rating of “Hold” and a consensus price target of $21.45.

Gemini Space Station Stock Performance

NASDAQ GEMI opened at $8.27 on Thursday. The company has a market cap of $972.97 million and a price-to-earnings ratio of -4.57. Gemini Space Station has a 1-year low of $8.06 and a 1-year high of $45.89. The firm has a 50-day moving average of $10.81.

Gemini Space Station (NASDAQ:GEMI) last announced its quarterly earnings results on Monday, November 10th. The company reported ($1.81) EPS 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 Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. SBI Securities Co. Ltd. purchased a new position in shares of Gemini Space Station in the 3rd quarter valued at approximately $51,000. National Bank of Canada FI bought a new position in Gemini Space Station in the third quarter worth $123,000. Man Group plc purchased a new position in Gemini Space Station during the third quarter valued at $201,000. Sandia Investment Management LP bought a new stake in shares of Gemini Space Station during the 3rd quarter valued at $228,000. Finally, Ground Swell Capital LLC bought a new stake in shares of Gemini Space Station during the 3rd quarter valued at $229,000.

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. Gemini was founded in 2014 to be the most trusted, secure, and easy way to buy, sell, and store crypto assets.