Mizuho Issues Pessimistic Forecast for Gemini Space Station (NASDAQ:GEMI) Stock Price

Gemini Space Station (NASDAQ:GEMI) had its price objective decreased by analysts at Mizuho from $30.00 to $26.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Mizuho’s price target suggests a potential upside of 137.88% from the stock’s current price.

Other research analysts also recently issued research reports about the stock. Citigroup cut their target price 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. The Goldman Sachs Group dropped their price objective on shares of 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. Truist Financial reduced their price objective on shares of Gemini Space Station from $28.00 to $17.00 and set a “buy” rating for the company in a research note on Tuesday, November 25th. Rosenblatt Securities assumed coverage on Gemini Space Station in a report on Tuesday, October 7th. They set a “buy” rating and a $30.00 target price for the company. Finally, Wall Street Zen downgraded Gemini Space Station from a “hold” rating to a “sell” rating in a report on Saturday, October 11th. Six research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $23.55.

Gemini Space Station Trading Down 1.4%

Shares of NASDAQ GEMI traded down $0.16 during mid-day trading on Wednesday, reaching $10.93. The company had a trading volume of 244,644 shares, compared to its average volume of 2,923,286. Gemini Space Station has a 52 week low of $9.67 and a 52 week high of $45.89. The stock’s 50-day moving average price is $14.32.

Gemini Space Station (NASDAQ:GEMI) last released its quarterly earnings data on Monday, November 10th. The company reported ($1.81) EPS for the quarter, missing the consensus estimate of ($0.82) by ($0.99). The business had revenue of $50.62 million during the quarter, compared to the consensus estimate of $45.87 million.

Institutional Trading of Gemini Space Station

A number of institutional investors have recently made changes to their positions in the business. SBI Securities Co. Ltd. purchased a new stake in shares of Gemini Space Station during the third quarter worth about $51,000. National Bank of Canada FI purchased a new position in shares of Gemini Space Station in the 3rd quarter valued at approximately $123,000. Man Group plc acquired a new stake in Gemini Space Station in the 3rd quarter worth approximately $201,000. Sandia Investment Management LP acquired a new stake in Gemini Space Station in the 3rd quarter worth approximately $228,000. Finally, Ground Swell Capital LLC purchased a new stake in Gemini Space Station during the 3rd quarter worth approximately $229,000.

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.