Gemini Space Station (NASDAQ:GEMI) Trading 10.4% Higher – What’s Next?

Gemini Space Station, Inc. (NASDAQ:GEMI) traded up 10.4% during trading on Monday . The stock traded as high as $11.49 and last traded at $11.44. 1,111,600 shares changed hands during trading, an increase of 3% from the average session volume of 1,075,434 shares. The stock had previously closed at $10.36.

Wall Street Analysts Forecast Growth

GEMI has been the subject of several research reports. Rosenblatt Securities initiated coverage on shares of Gemini Space Station in a research report on Tuesday, October 7th. They issued a “buy” rating and a $30.00 price target for the company. Citigroup reduced their price objective on shares of Gemini Space Station from $16.00 to $13.00 and set a “neutral” rating for the company in a report on Monday, December 22nd. Cantor Fitzgerald restated an “overweight” rating on shares of Gemini Space Station in a report on Thursday, December 11th. The Goldman Sachs Group dropped their price target on shares of Gemini Space Station from $19.00 to $17.00 and set a “neutral” rating on the stock in a research report on Friday, December 5th. Finally, Mizuho cut their price target on Gemini Space Station from $30.00 to $26.00 and set an “outperform” rating for the company in a research note on Wednesday, December 24th. Six 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. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $22.45.

Gemini Space Station Trading Down 6.6%

The company’s fifty day moving average price is $12.25. The stock has a market cap of $1.29 billion and a P/E ratio of -6.08.

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 the consensus estimate of ($0.82) by ($0.99). The company had revenue of $50.62 million for the quarter, compared to analyst estimates of $45.87 million.

Institutional Trading of Gemini Space Station

Institutional investors and hedge funds have recently modified their holdings of the business. SBI Securities Co. Ltd. purchased a new position in Gemini Space Station in the third quarter worth $51,000. National Bank of Canada FI bought a new stake in shares of Gemini Space Station during the 3rd quarter worth $123,000. Man Group plc purchased a new position in shares of Gemini Space Station in the 3rd quarter worth about $201,000. Sandia Investment Management LP purchased a new position in shares of Gemini Space Station in the 3rd quarter worth about $228,000. Finally, Ground Swell Capital LLC bought a new position in Gemini Space Station during the third quarter valued at about $229,000.

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.