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

Gemini Space Station (NASDAQ:GEMI) had its price objective lowered by analysts at Truist Financial from $28.00 to $17.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Truist Financial’s target price would indicate a potential upside of 57.85% from the company’s current price.

Several other research firms also recently issued reports on GEMI. Barclays assumed coverage on Gemini Space Station in a research note on Tuesday, October 7th. They issued an “equal weight” rating and a $41.00 price target for the company. Mizuho assumed coverage on shares of Gemini Space Station in a research report on Tuesday, October 7th. They issued an “outperform” rating and a $30.00 target price for the company. Morgan Stanley started coverage on shares of Gemini Space Station in a research note on Tuesday, October 7th. They issued an “equal weight” rating and a $29.00 price target on the stock. Evercore ISI assumed coverage on shares of Gemini Space Station in a research note on Tuesday, October 7th. They issued an “outperform” rating and a $30.00 price objective for the company. Finally, Rosenblatt Securities began coverage on shares of Gemini Space Station in a report on Tuesday, October 7th. They issued a “buy” rating and a $30.00 price objective for the company. Six investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $28.09.

Gemini Space Station Trading Up 2.6%

Shares of GEMI opened at $10.77 on Tuesday. Gemini Space Station has a 52 week low of $9.85 and a 52 week high of $45.89. The firm has a 50-day moving average of $18.73.

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

Institutional Trading of Gemini Space Station

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