Gemini Space Station (NASDAQ:GEMI) Sets New 12-Month Low – Time to Sell?

Gemini Space Station, Inc. (NASDAQ:GEMI) hit a new 52-week low during trading on Wednesday . The stock traded as low as $9.67 and last traded at $9.92, with a volume of 606909 shares traded. The stock had previously closed at $9.94.

Analysts Set New Price Targets

A number of research firms recently issued reports on GEMI. The Goldman Sachs Group decreased their price target on shares of Gemini Space Station from $19.00 to $17.00 and set a “neutral” rating for the company in a research note on Friday, December 5th. Wall Street Zen lowered Gemini Space Station from a “hold” rating to a “sell” rating in a research report on Saturday, October 11th. Needham & Company LLC dropped their price target on Gemini Space Station from $35.00 to $23.00 and set a “buy” rating on the stock in a research report on Monday. Cantor Fitzgerald reaffirmed an “overweight” rating on shares of Gemini Space Station in a research note on Thursday, December 11th. Finally, Barclays started coverage on Gemini Space Station in a research report on Tuesday, October 7th. They set an “equal weight” rating and a $41.00 price objective for the company. Six investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $22.45.

Gemini Space Station Price Performance

The firm’s fifty day simple moving average is $13.32.

Gemini Space Station (NASDAQ:GEMI) last announced 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 company had revenue of $50.62 million for the quarter, compared to the consensus estimate of $45.87 million.

Hedge Funds Weigh In On Gemini Space Station

A number of hedge funds have recently added to or reduced their stakes in the company. Dragoneer Investment Group LLC purchased a new stake in Gemini Space Station during the 3rd quarter valued at $38,815,000. Altimeter Capital Management LP purchased a new position in shares of Gemini Space Station in the third quarter worth $38,336,000. UBS Group AG bought a new position in shares of Gemini Space Station during the third quarter valued at $31,994,000. Vanguard Group Inc. purchased a new stake in shares of Gemini Space Station during the third quarter valued at $25,656,000. Finally, Squarepoint Ops LLC bought a new stake in Gemini Space Station in the 3rd quarter worth about $9,547,000.

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.