Rosenblatt Securities Cuts Gemini Space Station (NASDAQ:GEMI) Price Target to $11.50

Gemini Space Station (NASDAQ:GEMI) had its price target decreased by investment analysts at Rosenblatt Securities from $26.00 to $11.50 in a research note issued to investors on Friday,Benzinga reports. The firm currently has a “buy” rating on the stock. Rosenblatt Securities’ price target would suggest a potential upside of 91.67% from the company’s current price.

Several other analysts have also recently commented on the company. Mizuho lowered their price target on Gemini Space Station from $30.00 to $26.00 and set an “outperform” rating for the company in a report on Wednesday, December 24th. The Goldman Sachs Group decreased their target price on shares of Gemini Space Station from $19.00 to $17.00 and set a “neutral” rating on the stock in a research report on Friday, December 5th. Truist Financial downgraded shares of Gemini Space Station from a “buy” rating to a “hold” rating and set a $7.00 target price for the company. in a report on Tuesday. Citigroup dropped their price target on shares of Gemini Space Station from $16.00 to $13.00 and set a “neutral” rating for the company in a research report on Monday, December 22nd. Finally, Evercore lowered 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. Three equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $16.68.

Gemini Space Station Stock Down 6.0%

GEMI stock opened at $6.00 on Friday. The firm has a market capitalization of $705.90 million and a PE ratio of -3.31. Gemini Space Station has a 52-week low of $5.83 and a 52-week high of $45.89. The business’s fifty day simple moving average is $9.62.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. SG Americas Securities LLC purchased a new stake in Gemini Space Station during the third quarter worth approximately $325,000. Wealth Enhancement Advisory Services LLC purchased a new position in shares of Gemini Space Station in the 3rd quarter valued at $248,000. SBI Securities Co. Ltd. acquired a new position in shares of Gemini Space Station during the 3rd quarter valued at $51,000. Ground Swell Capital LLC purchased a new stake in Gemini Space Station during the 3rd quarter worth $229,000. Finally, Vanguard Group Inc. purchased a new position in Gemini Space Station in the third quarter valued at about $25,656,000.

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.