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

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

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on GEMI shares. Evercore lowered Gemini Space Station from an “outperform” rating to an “in-line” rating and set a $10.00 target price for the company. in a report on Friday, February 6th. The Goldman Sachs Group cut their price objective on 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. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Gemini Space Station in a research report on Monday, December 29th. Citigroup cut their price target on shares of Gemini Space Station from $16.00 to $13.00 and set a “neutral” rating on the stock in a report on Monday, December 22nd. Finally, Cantor Fitzgerald restated a “neutral” rating and set a $8.00 price target (down from $14.00) on shares of Gemini Space Station in a research report on Wednesday, February 18th. Three analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Gemini Space Station presently has an average rating of “Hold” and a consensus price target of $16.68.

Gemini Space Station Stock Up 33.7%

The stock has a market cap of $1.02 billion and a PE ratio of -4.80. The company’s 50 day simple moving average is $8.74.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of GEMI. SBI Securities Co. Ltd. bought a new stake in Gemini Space Station during the 3rd quarter valued at $51,000. Caitong International Asset Management Co. Ltd purchased a new position in shares of Gemini Space Station in the fourth quarter valued at $88,000. Engineers Gate Manager LP purchased a new position in shares of Gemini Space Station in the fourth quarter valued at $100,000. National Bank of Canada FI bought a new stake in shares of Gemini Space Station during the 3rd quarter valued at $123,000. Finally, Quadrature Capital Ltd purchased a new stake in Gemini Space Station during the 4th 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.