Cantor Fitzgerald Cuts Gemini Space Station (NASDAQ:GEMI) Price Target to $14.00

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

Several other analysts have also recently commented on GEMI. The Goldman Sachs Group lowered their target price on 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. Needham & Company LLC lowered their price target on Gemini Space Station from $35.00 to $23.00 and set a “buy” rating on the stock in a report on Monday, December 29th. Zacks Research upgraded shares of Gemini Space Station to a “hold” rating in a research note on Wednesday, October 8th. Weiss Ratings reiterated a “sell (d)” rating on shares of Gemini Space Station in a research report on Monday, December 29th. Finally, Wall Street Zen cut shares of Gemini Space Station from a “hold” rating to a “sell” rating in a research note on Saturday, October 11th. Six analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $21.45.

Gemini Space Station Price Performance

Shares of GEMI opened at $8.34 on Thursday. The stock’s fifty day moving average price is $10.76. Gemini Space Station has a 12-month low of $7.84 and a 12-month high of $45.89. The company has a market capitalization of $981.20 million and a PE ratio of -4.61.

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

Institutional Trading of Gemini Space Station

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