Gemini Space Station (NASDAQ:GEMI) Price Target Cut to $12.00 by Analysts at Mizuho

Gemini Space Station (NASDAQ:GEMI) had its price target decreased by equities research analysts at Mizuho from $26.00 to $12.00 in a research note issued to investors on Monday,Benzinga reports. The firm presently has an “outperform” rating on the stock. Mizuho’s target price indicates a potential upside of 113.22% from the company’s current price.

A number of other equities research analysts have also recently commented on the company. Morgan Stanley dropped their target price on Gemini Space Station from $29.00 to $13.00 and set an “equal weight” rating on the stock in a research report on Monday, December 22nd. Weiss Ratings reiterated a “sell (d)” rating on shares of Gemini Space Station in a research report on Monday, December 29th. Rosenblatt Securities dropped their price objective on Gemini Space Station from $26.00 to $11.50 and set a “buy” rating on the stock in a report on Friday, February 20th. Truist Financial cut Gemini Space Station from a “buy” rating to a “hold” rating and set a $7.00 price objective for the company. in a research report on Tuesday, February 17th. Finally, Evercore lowered Gemini Space Station from an “outperform” rating to an “in-line” rating and set a $10.00 target price on the stock. in a research report on Friday, February 6th. Three investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $14.55.

Gemini Space Station Stock Performance

Shares of NASDAQ:GEMI traded down $0.34 during trading on Monday, hitting $5.63. 1,198,035 shares of the stock traded hands, compared to its average volume of 1,678,516. The business’s fifty day simple moving average is $7.98. Gemini Space Station has a 52-week low of $5.49 and a 52-week high of $45.89. The stock has a market capitalization of $662.16 million and a P/E ratio of -3.12.

Gemini Space Station (NASDAQ:GEMI) last released its quarterly earnings results on Thursday, March 19th. The company reported ($1.22) EPS for the quarter, missing the consensus estimate of ($1.06) by ($0.16). The company had revenue of $60.34 million for the quarter.

Insiders Place Their Bets

In related news, Director Sachin Chand Jaitly sold 39,708 shares of Gemini Space Station stock in a transaction dated Wednesday, March 11th. The stock was sold at an average price of $8.92, for a total value of $354,195.36. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Institutional Trading of Gemini Space Station

Institutional investors have recently made changes to their positions in the company. SBI Securities Co. Ltd. purchased a new stake in shares of Gemini Space Station during the third quarter worth approximately $51,000. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Gemini Space Station during the fourth quarter worth $88,000. Engineers Gate Manager LP acquired a new stake in shares of Gemini Space Station in the fourth quarter valued at about $100,000. National Bank of Canada FI acquired a new stake in shares of Gemini Space Station in the third quarter valued at about $123,000. Finally, Quadrature Capital Ltd purchased a new position in shares of Gemini Space Station in the fourth quarter worth about $160,000.

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. Gemini was founded in 2014 to be the most trusted, secure, and easy way to buy, sell, and store crypto assets.