70,000 Shares in Gemini Space Station, Inc. $GEMI Purchased by Ghisallo Capital Management LLC

Ghisallo Capital Management LLC acquired a new position in shares of Gemini Space Station, Inc. (NASDAQ:GEMI) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 70,000 shares of the company’s stock, valued at approximately $1,677,000. Ghisallo Capital Management LLC owned about 0.06% of Gemini Space Station at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of GEMI. SBI Securities Co. Ltd. purchased a new position in shares of Gemini Space Station in the 3rd quarter worth approximately $51,000. Ground Swell Capital LLC bought a new stake in Gemini Space Station in the third quarter worth $229,000. Wealth Enhancement Advisory Services LLC purchased a new position in Gemini Space Station during the third quarter worth $248,000. SG Americas Securities LLC purchased a new position in Gemini Space Station during the third quarter worth $325,000. Finally, TD Asset Management Inc bought a new position in Gemini Space Station during the third quarter valued at $415,000.

Gemini Space Station Trading Down 1.8%

NASDAQ:GEMI opened at $7.76 on Friday. Gemini Space Station, Inc. has a 1-year low of $5.57 and a 1-year high of $45.89. The business has a 50-day simple moving average of $8.45. The stock has a market capitalization of $913.00 million and a price-to-earnings ratio of -4.29.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. Mizuho reduced their target price on shares of Gemini Space Station from $30.00 to $26.00 and set an “outperform” rating on the stock in a research note on Wednesday, December 24th. The Goldman Sachs Group dropped 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. 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. Truist Financial lowered shares of Gemini Space Station from a “buy” rating to a “hold” rating and set a $7.00 price objective on the stock. in a research report on Tuesday, February 17th. Finally, Cantor Fitzgerald reissued a “neutral” rating and issued a $8.00 price objective (down from $14.00) on shares of Gemini Space Station in a research note on Wednesday, February 18th. Three equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $16.68.

Insider Activity at Gemini Space Station

In other news, Director Sachin Chand Jaitly sold 39,708 shares of the business’s stock in a transaction dated Wednesday, March 11th. The shares were sold at an average price of $8.92, for a total value of $354,195.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Gemini Space Station 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.