The Goldman Sachs Group Issues Pessimistic Forecast for Gemini Space Station (NASDAQ:GEMI) Stock Price

Gemini Space Station (NASDAQ:GEMI) had its target price lowered by The Goldman Sachs Group from $19.00 to $17.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage presently has a “neutral” rating on the stock. The Goldman Sachs Group’s target price indicates a potential upside of 47.19% from the stock’s previous close.

Several other research firms have also weighed in on GEMI. Citigroup started coverage on shares of Gemini Space Station in a research note on Tuesday, October 7th. They set a “neutral” rating and a $26.00 target price for the company. Evercore ISI decreased 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 report on Friday, November 28th. Keefe, Bruyette & Woods began coverage on shares of Gemini Space Station in a research note on Tuesday, October 7th. They set a “market perform” rating and a $27.00 price objective on the stock. Wall Street Zen cut shares of Gemini Space Station from a “hold” rating to a “sell” rating in a report on Saturday, October 11th. Finally, Cantor Fitzgerald lowered their target price on Gemini Space Station from $37.00 to $25.00 and set an “overweight” rating for the company in a report on Friday, November 14th. Six investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $26.55.

Gemini Space Station Stock Down 2.6%

NASDAQ GEMI traded down $0.31 on Friday, hitting $11.55. 1,347,812 shares of the stock traded hands, compared to its average volume of 2,933,145. The company has a 50-day moving average price of $17.52. Gemini Space Station has a twelve month low of $9.67 and a twelve month high of $45.89.

Gemini Space Station (NASDAQ:GEMI) last issued its earnings results on Monday, November 10th. The company reported ($1.81) EPS for the quarter, missing the consensus estimate 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 Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. TD Asset Management Inc purchased a new stake in shares of Gemini Space Station during the 3rd quarter worth about $415,000. Dragoneer Investment Group LLC acquired a new position in Gemini Space Station in the third quarter worth approximately $38,815,000. Altimeter Capital Management LP bought a new position in Gemini Space Station during the third quarter valued at approximately $38,336,000. Zimmer Partners LP acquired a new stake in Gemini Space Station in the third quarter valued at approximately $599,000. Finally, Pentwater Capital Management LP bought a new stake in Gemini Space Station in the third quarter worth approximately $311,000.

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.