Needham & Company LLC Cuts Gemini Space Station (NASDAQ:GEMI) Price Target to $23.00

by · The Markets Daily

Gemini Space Station (NASDAQ:GEMI – Free Report) had its price target reduced by Needham & Company LLC from $35.00 to $23.00 in a research note published on Monday, MarketBeat.com reports. They currently have a buy rating on the stock.

Other equities analysts have also recently issued research reports about the stock. Rosenblatt Securities started coverage on shares of Gemini Space Station in a research report on Tuesday, October 7th. They set a “buy” rating and a $30.00 price target on the stock. The Goldman Sachs Group reduced their target price on Gemini Space Station from $19.00 to $17.00 and set a “neutral” rating on the stock in a report on Friday, December 5th. Citigroup lowered their price target on Gemini Space Station from $16.00 to $13.00 and set a “neutral” rating for the company in a report on Monday, December 22nd. Wall Street Zen lowered Gemini Space Station from a “hold” rating to a “sell” rating in a research report on Saturday, October 11th. Finally, Mizuho decreased their price objective on shares of Gemini Space Station from $30.00 to $26.00 and set an “outperform” rating for the company in a report on Wednesday, December 24th. Six investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Gemini Space Station has a consensus rating of “Hold” and a consensus price target of $22.45.

Read Our Latest Report on GEMI

Gemini Space Station Price Performance

GEMI stock opened at $9.92 on Monday. The stock’s 50 day moving average is $13.14. Gemini Space Station has a twelve month low of $9.67 and a twelve month high of $45.89.

Gemini Space Station (NASDAQ:GEMI – Get Free Report) last posted its quarterly 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 company had revenue of $50.62 million for the quarter, compared to analysts’ expectations of $45.87 million.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in GEMI. Dragoneer Investment Group LLC bought a new stake in Gemini Space Station in the third quarter valued at $38,815,000. Altimeter Capital Management LP acquired a new stake in shares of Gemini Space Station in the 3rd quarter worth about $38,336,000. UBS Group AG bought a new stake in Gemini Space Station in the 3rd quarter valued at about $31,994,000. Vanguard Group Inc. acquired a new position in Gemini Space Station during the 3rd quarter valued at about $25,656,000. Finally, Squarepoint Ops LLC acquired a new position in Gemini Space Station during the 3rd quarter valued at about $9,547,000.

Gemini Space Station Company Profile

(Get Free Report)

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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