Evercore ISI Cuts Gemini Space Station (NASDAQ:GEMI) Price Target to $15.00

Gemini Space Station (NASDAQ:GEMI) had its target price trimmed by Evercore ISI from $30.00 to $15.00 in a research report sent to investors on Friday morning,Benzinga reports. The firm currently has an outperform rating on the stock.

Several other equities research analysts have also issued reports on the stock. The Goldman Sachs Group decreased their price target on shares of Gemini Space Station from $22.00 to $19.00 and set a “neutral” rating for the company in a research note on Friday, November 21st. Wall Street Zen lowered shares of Gemini Space Station from a “hold” rating to a “sell” rating in a research note on Saturday, October 11th. Barclays assumed coverage on Gemini Space Station in a research report on Tuesday, October 7th. They set an “equal weight” rating and a $41.00 target price on the stock. Truist Financial lowered their price target on shares of Gemini Space Station from $28.00 to $17.00 and set a “buy” rating on the stock in a report on Tuesday, November 25th. Finally, Citigroup assumed coverage on shares of Gemini Space Station in a research note on Tuesday, October 7th. They set a “neutral” rating and a $26.00 price objective for the company. Six investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $26.73.

Gemini Space Station Stock Performance

GEMI opened at $11.00 on Friday. Gemini Space Station has a fifty-two week low of $9.85 and a fifty-two week high of $45.89. The firm’s 50-day moving average price is $18.40.

Gemini Space Station (NASDAQ:GEMI) last posted 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 business had revenue of $50.62 million for the quarter, compared to analysts’ expectations of $45.87 million.

Institutional Trading of Gemini Space Station

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

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.