Cantor Fitzgerald Has Lowered Expectations for Gemini Space Station (NASDAQ:GEMI) Stock Price

Gemini Space Station (NASDAQ:GEMI) had its price target reduced by research analysts at Cantor Fitzgerald from $37.00 to $25.00 in a note issued to investors on Friday,Benzinga reports. The brokerage currently has an “overweight” rating on the stock. Cantor Fitzgerald’s target price would indicate a potential upside of 100.48% from the stock’s current price.

Several other research firms have also recently weighed in on GEMI. Zacks Research raised shares of Gemini Space Station to a “hold” rating in a research report on Wednesday, October 8th. Needham & Company LLC dropped their target price on shares of Gemini Space Station from $42.00 to $35.00 and set a “buy” rating for the company in a research report on Tuesday. Truist Financial reduced their price target on shares of Gemini Space Station from $31.00 to $28.00 and set a “buy” rating on the stock in a research report on Friday, October 24th. The Goldman Sachs Group decreased their price objective on shares of Gemini Space Station from $25.00 to $22.00 and set a “neutral” rating on the stock in a research note on Wednesday. Finally, Rosenblatt Securities initiated coverage on Gemini Space Station in a research note on Tuesday, October 7th. They set a “buy” rating and a $30.00 target price for the company. Six equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $29.36.

Gemini Space Station Stock Performance

GEMI traded up $0.02 during trading on Friday, hitting $12.47. The stock had a trading volume of 892,519 shares, compared to its average volume of 3,265,400. Gemini Space Station has a one year low of $11.91 and a one year high of $45.89.

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. UBS Group AG acquired a new stake in shares of Gemini Space Station in the third quarter valued at about $31,994,000. Ghisallo Capital Management LLC bought a new stake in Gemini Space Station in the third quarter valued at approximately $1,677,000. Van ECK Associates Corp acquired a new stake in Gemini Space Station during the 3rd quarter valued at approximately $9,328,000. Squarepoint Ops LLC bought a new position in Gemini Space Station during the 3rd quarter worth approximately $9,547,000. Finally, Franklin Resources Inc. acquired a new position in shares of Gemini Space Station in the 3rd quarter worth approximately $2,963,000.

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.