Gemini Space Station, Inc.’s Quiet Period To Expire Tomorrow (NASDAQ:GEMI)

Gemini Space Station’s (NASDAQ:GEMI) quiet period will expire on Wednesday, October 22nd. Gemini Space Station had issued 15,178,572 shares in its IPO on September 12th. The total size of the offering was $425,000,016 based on an initial share price of $28.00. During the company’s quiet period, insiders and underwriters involved in the IPO are restricted from issuing any earnings forecasts or research reports for the company because of regulations issued by the Securities and Exchange Commission. Following the end of the company’s quiet period, it’s expected that the brokerages that served as underwriters on the stock will initiate research coverage on the company.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on GEMI. Citigroup initiated coverage on shares of Gemini Space Station in a research note on Tuesday, October 7th. They issued a “neutral” rating and a $26.00 target price for the company. Keefe, Bruyette & Woods began coverage on Gemini Space Station in a research note on Tuesday, October 7th. They issued a “market perform” rating and a $27.00 target price on the stock. Rosenblatt Securities started coverage on shares of Gemini Space Station in a research note on Tuesday, October 7th. They set a “buy” rating and a $30.00 price target for the company. Mizuho began coverage on shares of Gemini Space Station in a report on Tuesday, October 7th. They issued an “outperform” rating and a $30.00 price objective on the stock. Finally, Barclays assumed coverage on shares of Gemini Space Station in a report on Tuesday, October 7th. They set an “equal weight” rating and a $41.00 target price for the company. Six investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $31.64.

Gemini Space Station Trading Up 5.0%

Shares of NASDAQ:GEMI opened at $20.66 on Tuesday. Gemini Space Station has a 52-week low of $19.19 and a 52-week high of $45.89.

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.