Gemini Space Station (NASDAQ:GEMI) Shares Up 8.8% – What’s Next?

Gemini Space Station, Inc. (NASDAQ:GEMI) shares traded up 8.8% on Monday . The company traded as high as $6.58 and last traded at $6.56. 488,458 shares were traded during mid-day trading, a decline of 67% from the average session volume of 1,467,532 shares. The stock had previously closed at $6.03.

Analyst Ratings Changes

Several research firms have commented on GEMI. Truist Financial downgraded shares of Gemini Space Station from a “buy” rating to a “hold” rating and set a $7.00 price objective on the stock. in a report on Tuesday, February 17th. Morgan Stanley reduced their target price on shares of Gemini Space Station from $29.00 to $13.00 and set an “equal weight” rating for the company in a report on Monday, December 22nd. Evercore cut shares of Gemini Space Station from an “outperform” rating to an “in-line” rating and set a $10.00 price target on the stock. in a report on Friday, February 6th. Mizuho cut 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 research report on Wednesday, December 24th. Finally, Citigroup decreased their target price on Gemini Space Station from $16.00 to $13.00 and set a “neutral” rating on the stock in a research report on Monday, December 22nd. Three research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $16.68.

Gemini Space Station Stock Up 9.5%

The company’s 50 day moving average is $8.94. The company has a market cap of $776.49 million and a price-to-earnings ratio of -3.65.

Institutional Investors Weigh In On Gemini Space Station

A number of large investors have recently bought and sold shares of GEMI. Aristides Capital LLC bought a new position in Gemini Space Station in the 4th quarter valued at about $164,000. Invesco Ltd. acquired a new stake in shares of Gemini Space Station during the 4th quarter worth approximately $173,000. Quadrature Capital Ltd bought a new position in Gemini Space Station in the fourth quarter valued at approximately $160,000. Engineers Gate Manager LP acquired a new position in Gemini Space Station during the fourth quarter valued at approximately $100,000. Finally, North Reef Capital Management LP raised its position in Gemini Space Station by 22.3% during the fourth quarter. North Reef Capital Management LP now owns 300,000 shares of the company’s stock valued at $2,976,000 after purchasing an additional 54,678 shares in the last quarter.

Gemini Space Station Company Profile

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.