Mizuho Lowers Gemini Space Station (NASDAQ:GEMI) Price Target to $12.00

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

Several other research analysts have also recently weighed in on GEMI. The Goldman Sachs Group lowered their price target 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. Citigroup downgraded shares of Gemini Space Station from a “neutral” rating to a “sell” rating and reduced their target price for the stock from $13.00 to $5.50 in a research note on Wednesday, March 18th. Truist Financial lowered shares of Gemini Space Station from a “buy” rating to a “hold” rating and set a $7.00 target price on the stock. in a report on Tuesday, February 17th. Rosenblatt Securities cut their price target on shares of Gemini Space Station from $26.00 to $11.50 and set a “buy” rating for the company in a report on Friday, February 20th. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Gemini Space Station in a research report on Monday, December 29th. Three equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, Gemini Space Station has a consensus rating of “Hold” and an average target price of $14.55.

Gemini Space Station Trading Down 5.7%

Shares of NASDAQ:GEMI traded down $0.34 during midday trading on Monday, hitting $5.63. The company had a trading volume of 1,198,035 shares, compared to its average volume of 1,678,516. Gemini Space Station has a twelve month low of $5.49 and a twelve month high of $45.89. The stock has a market capitalization of $662.16 million and a PE ratio of -3.12. The firm’s 50-day moving average is $7.98.

Gemini Space Station (NASDAQ:GEMI) last released its quarterly earnings data on Thursday, March 19th. The company reported ($1.22) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.06) by ($0.16). The business had revenue of $60.34 million during the quarter.

Insiders Place Their Bets

In other Gemini Space Station news, Director Sachin Chand Jaitly sold 39,708 shares of the stock in a transaction dated Wednesday, March 11th. The shares were sold at an average price of $8.92, for a total transaction of $354,195.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Hedge Funds Weigh In On Gemini Space Station

A number of hedge funds have recently made changes to their positions in GEMI. Hsbc Holdings PLC purchased a new position in shares of Gemini Space Station in the fourth quarter valued at approximately $174,000. Caitong International Asset Management Co. Ltd purchased a new stake in Gemini Space Station during the 4th quarter worth approximately $88,000. Aristides Capital LLC acquired a new stake in Gemini Space Station during the 4th quarter worth approximately $164,000. Invesco Ltd. purchased a new position in Gemini Space Station in the 4th quarter valued at approximately $173,000. Finally, Quadrature Capital Ltd acquired a new position in shares of Gemini Space Station in the fourth quarter worth $160,000.

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.