Altimeter Capital Management LP Purchases New Position in Gemini Space Station, Inc. $GEMI

Altimeter Capital Management LP purchased a new stake in Gemini Space Station, Inc. (NASDAQ:GEMI) during the third quarter, Holdings Channel reports. The firm purchased 1,600,000 shares of the company’s stock, valued at approximately $38,336,000. Gemini Space Station comprises 0.5% of Altimeter Capital Management LP’s portfolio, making the stock its 20th biggest holding.

Several other hedge funds have also recently bought and sold shares of GEMI. Ghisallo Capital Management LLC bought a new position in shares of Gemini Space Station during the third quarter valued at $1,677,000. Schonfeld Strategic Advisors LLC bought a new stake in shares of Gemini Space Station in the 3rd quarter worth about $1,829,000. Davidson Kempner Capital Management LP bought a new stake in shares of Gemini Space Station in the 3rd quarter worth about $1,198,000. Sandia Investment Management LP acquired a new stake in shares of Gemini Space Station during the 3rd quarter worth about $228,000. Finally, Man Group plc acquired a new stake in shares of Gemini Space Station during the 3rd quarter worth about $201,000.

Gemini Space Station Trading Down 1.8%

Shares of NASDAQ GEMI opened at $7.76 on Friday. Gemini Space Station, Inc. has a 12-month low of $5.57 and a 12-month high of $45.89. The stock’s 50-day moving average is $8.45. The firm has a market cap of $912.96 million and a P/E ratio of -4.29.

Analyst Ratings Changes

GEMI has been the topic of a number of recent analyst reports. Truist Financial lowered shares of Gemini Space Station from a “buy” rating to a “hold” rating and set a $7.00 price target on the stock. in a research report on Tuesday, February 17th. Evercore lowered shares of Gemini Space Station from an “outperform” rating to an “in-line” rating and set a $10.00 price objective for the company. in a report on Friday, February 6th. Citigroup cut their target price on shares of Gemini Space Station from $16.00 to $13.00 and set a “neutral” rating for the company in a research note on Monday, December 22nd. Weiss Ratings reissued a “sell (d)” rating on shares of Gemini Space Station in a report on Monday, December 29th. Finally, Cantor Fitzgerald restated a “neutral” rating and set a $8.00 price target (down from $14.00) on shares of Gemini Space Station in a research report on Wednesday, February 18th. Three investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $16.68.

Insider Buying and Selling at Gemini Space Station

In other Gemini Space Station 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through 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.