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

Gemini Space Station (NASDAQ:GEMIGet Free Report) had its price objective lowered by analysts at Mizuho from $26.00 to $12.00 in a report issued on Monday,Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Mizuho’s price objective would suggest a potential upside of 131.21% from the stock’s current price.

Several other equities research analysts have also commented on the company. Needham & Company LLC cut their price objective on Gemini Space Station from $10.00 to $8.00 and set a “buy” rating for the company in a research note on Monday. Morgan Stanley decreased their target price on Gemini Space Station from $29.00 to $13.00 and set an “equal weight” rating on the stock in a research report on Monday, December 22nd. Citigroup lowered Gemini Space Station from a “neutral” rating to a “sell” rating and lowered their price target for the stock from $13.00 to $5.50 in a research note on Wednesday, March 18th. Truist Financial cut Gemini Space Station from a “buy” rating to a “hold” rating and set a $7.00 price target for the company. in a research report on Tuesday, February 17th. Finally, Evercore lowered Gemini Space Station from an “outperform” rating to an “in-line” rating and set a $10.00 price objective on the stock. in a report on Friday, February 6th. Three research analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Gemini Space Station currently has an average rating of “Hold” and a consensus target price of $14.32.

Check Out Our Latest Report on Gemini Space Station

Gemini Space Station Stock Down 10.1%

GEMI stock opened at $5.19 on Monday. The stock has a market capitalization of $610.60 million and a PE ratio of -2.87. The stock’s 50-day moving average is $7.78. Gemini Space Station has a 52 week low of $5.12 and a 52 week high of $45.89.

Gemini Space Station (NASDAQ:GEMIGet Free Report) last released its quarterly earnings results on Thursday, March 19th. The company reported ($1.22) earnings per share for the quarter, missing the consensus estimate of ($1.06) by ($0.16). The company had revenue of $60.34 million for the quarter.

Insider Transactions at Gemini Space Station

In other Gemini Space Station news, Director Sachin Chand Jaitly sold 39,708 shares of the stock in a transaction dated Wednesday, March 11th. The shares were sold at an average price of $8.92, for a total value of $354,195.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Institutional Investors Weigh In On Gemini Space Station

Several hedge funds and other institutional investors have recently made changes to their positions in GEMI. Hsbc Holdings PLC purchased a new position in Gemini Space Station during the fourth quarter worth approximately $174,000. Caitong International Asset Management Co. Ltd purchased a new position in shares of Gemini Space Station during the 4th quarter worth $88,000. Aristides Capital LLC purchased a new position in shares of Gemini Space Station during the 4th quarter worth $164,000. Invesco Ltd. acquired a new position in shares of Gemini Space Station during the 4th quarter valued at about $173,000. Finally, Quadrature Capital Ltd purchased a new stake in shares of Gemini Space Station in the fourth quarter valued at about $160,000.

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Gemini Space Station Company Profile

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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.

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Analyst Recommendations for Gemini Space Station (NASDAQ:GEMI)

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