Gemini Space Station (NASDAQ:GEMI) Shares Gap Up – Here’s What Happened

Gemini Space Station, Inc. (NASDAQ:GEMI)’s share price gapped up before the market opened on Thursday . The stock had previously closed at $11.36, but opened at $12.82. Gemini Space Station shares last traded at $12.79, with a volume of 2,989,838 shares trading hands.

Wall Street Analyst Weigh In

A number of research firms have issued reports on GEMI. 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. Barclays started coverage on Gemini Space Station in a research report on Tuesday, October 7th. They set an “equal weight” rating and a $41.00 price target for the company. Keefe, Bruyette & Woods began coverage on Gemini Space Station in a research note on Tuesday, October 7th. They issued a “market perform” rating and a $27.00 price objective for the company. The Goldman Sachs Group decreased their target price on Gemini Space Station from $19.00 to $17.00 and set a “neutral” rating for the company in a report on Friday, December 5th. Finally, Weiss Ratings began coverage on shares of Gemini Space Station in a report on Friday, December 5th. They issued a “sell (d)” rating on the stock. Six equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Gemini Space Station presently has an average rating of “Hold” and a consensus target price of $26.55.

Gemini Space Station Stock Performance

The company’s 50 day simple moving average is $16.52.

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

Institutional Investors Weigh In On Gemini Space Station

A number of institutional investors have recently added to or reduced their stakes in the stock. SG Americas Securities LLC purchased a new stake in Gemini Space Station in the 3rd quarter worth $325,000. Wealth Enhancement Advisory Services LLC acquired a new stake in shares of Gemini Space Station in the third quarter valued at about $248,000. SBI Securities Co. Ltd. purchased a new stake in shares of Gemini Space Station during the third quarter worth about $51,000. Ground Swell Capital LLC acquired a new position in shares of Gemini Space Station during the 3rd quarter worth about $229,000. Finally, Vanguard Group Inc. acquired a new position in shares of Gemini Space Station during the 3rd quarter worth about $25,656,000.

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.