The Goldman Sachs Group Cuts Gemini Space Station (NASDAQ:GEMI) Price Target to $22.00

Gemini Space Station (NASDAQ:GEMI) had its price target reduced by The Goldman Sachs Group from $25.00 to $22.00 in a research report released on Wednesday,Benzinga reports. The Goldman Sachs Group currently has a neutral rating on the stock.

Other equities analysts have also recently issued research reports about the stock. Evercore ISI initiated 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 target for the company. Needham & Company LLC dropped their price objective on shares of Gemini Space Station from $42.00 to $35.00 and set a “buy” rating for the company in a report on Tuesday. Mizuho started coverage on Gemini Space Station in a research note on Tuesday, October 7th. They issued an “outperform” rating and a $30.00 target price on the stock. Morgan Stanley started coverage on Gemini Space Station in a research report on Tuesday, October 7th. They set an “equal weight” rating and a $29.00 price target on the stock. Finally, Citigroup assumed coverage on Gemini Space Station in a report on Tuesday, October 7th. They issued a “neutral” rating and a $26.00 price objective for the company. Six research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Gemini Space Station has a consensus rating of “Moderate Buy” and a consensus price target of $29.36.

Gemini Space Station Price Performance

Shares of NASDAQ GEMI opened at $12.65 on Wednesday. Gemini Space Station has a twelve month low of $11.91 and a twelve month high of $45.89.

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

Institutional Trading of Gemini Space Station

Several institutional investors have recently added to or reduced their stakes in the business. TD Asset Management Inc bought a new stake in shares of Gemini Space Station in the 3rd quarter valued at about $415,000. Ghisallo Capital Management LLC bought a new position in Gemini Space Station during the 3rd quarter worth approximately $1,677,000. Schonfeld Strategic Advisors LLC purchased a new position in Gemini Space Station in the 3rd quarter worth approximately $1,829,000. Sandia Investment Management LP bought a new stake in Gemini Space Station in the third quarter valued at approximately $228,000. Finally, Freestone Grove Partners LP purchased a new stake in shares of Gemini Space Station during the third quarter valued at approximately $3,594,000.

About Gemini Space Station

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.