Citigroup Cuts Gemini Space Station (NASDAQ:GEMI) Price Target to $13.00

by · The Markets Daily

Gemini Space Station (NASDAQ:GEMI – Free Report) had its price target lowered by Citigroup from $16.00 to $13.00 in a research report report published on Monday,Benzinga reports. Citigroup currently has a neutral rating on the stock.

A number of other research analysts have also recently commented on the company. Evercore ISI decreased their price target on Gemini Space Station from $30.00 to $15.00 and set an “outperform” rating on the stock in a research note on Friday, November 28th. Truist Financial cut their price objective on Gemini Space Station from $28.00 to $17.00 and set a “buy” rating on the stock in a report on Tuesday, November 25th. Cantor Fitzgerald reissued an “overweight” rating on shares of Gemini Space Station in a research note on Thursday, December 11th. The Goldman Sachs Group lowered 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, Rosenblatt Securities started coverage on Gemini Space Station in a research report on Tuesday, October 7th. They issued a “buy” rating and a $30.00 target price for the company. Six research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Gemini Space Station currently has an average rating of “Hold” and an average target price of $23.55.

Read Our Latest Stock Analysis on GEMI

Gemini Space Station Stock Up 2.5%

Shares of GEMI opened at $11.37 on Monday. The company’s 50-day moving average is $14.10. Gemini Space Station has a 1-year low of $9.67 and a 1-year high of $45.89.

Gemini Space Station (NASDAQ:GEMI – Get Free Report) last issued its quarterly earnings data 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 for the quarter, compared to analysts’ expectations of $45.87 million.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Dragoneer Investment Group LLC acquired a new stake in Gemini Space Station in the 3rd quarter valued at about $38,815,000. Altimeter Capital Management LP acquired a new position in shares of Gemini Space Station during the third quarter worth about $38,336,000. UBS Group AG acquired a new position in shares of Gemini Space Station during the third quarter worth about $31,994,000. Vanguard Group Inc. purchased a new stake in shares of Gemini Space Station during the third quarter worth approximately $25,656,000. Finally, Squarepoint Ops LLC acquired a new stake in Gemini Space Station in the third quarter valued at approximately $9,547,000.

About Gemini Space Station

(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.

See Also