Ghisallo Capital Management LLC Buys Shares of 70,000 Gemini Space Station, Inc. $GEMI

Ghisallo Capital Management LLC purchased a new stake in Gemini Space Station, Inc. (NASDAQ:GEMI) during the third quarter, according to its most recent filing with the SEC. The firm purchased 70,000 shares of the company’s stock, valued at approximately $1,677,000.

Several other large investors have also recently made changes to their positions in the stock. SBI Securities Co. Ltd. purchased a new stake in shares of Gemini Space Station during the 3rd quarter worth $51,000. Ground Swell Capital LLC purchased a new position in Gemini Space Station in the third quarter valued at about $229,000. Wealth Enhancement Advisory Services LLC bought a new position in Gemini Space Station in the third quarter worth about $248,000. SG Americas Securities LLC bought a new position in Gemini Space Station in the third quarter worth about $325,000. Finally, TD Asset Management Inc purchased a new stake in shares of Gemini Space Station during the third quarter valued at about $415,000.

Gemini Space Station Price Performance

Shares of GEMI opened at $7.76 on Friday. Gemini Space Station, Inc. has a fifty-two week low of $5.57 and a fifty-two week high of $45.89. The firm has a market cap of $913.00 million and a P/E ratio of -4.29. The stock’s 50-day moving average is $8.45.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on GEMI shares. Citigroup cut their price objective on shares of 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. Morgan Stanley cut their price target on shares of Gemini Space Station from $29.00 to $13.00 and set an “equal weight” rating on the stock in a report on Monday, December 22nd. Mizuho reduced their price target on Gemini Space Station from $30.00 to $26.00 and set an “outperform” rating on the stock in a research report on Wednesday, December 24th. Evercore lowered Gemini Space Station from an “outperform” rating to an “in-line” rating and set a $10.00 price objective for the company. in a report on Friday, February 6th. Finally, The Goldman Sachs Group dropped their target price on Gemini Space Station from $19.00 to $17.00 and set a “neutral” rating on the stock in a research note on Friday, December 5th. Three investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Gemini Space Station has an average rating of “Hold” and an average price target of $16.68.

Insiders Place Their Bets

In related news, Director Sachin Chand Jaitly sold 39,708 shares of Gemini Space Station stock in a transaction that occurred on Wednesday, March 11th. The stock was sold at an average price of $8.92, for a total transaction of $354,195.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

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.