Gemini Space Station, Inc.’s (NASDAQ:GEMI) Quiet Period Set To Expire on October 22nd

Gemini Space Station’s (NASDAQ:GEMI) quiet period will end on Wednesday, October 22nd. Gemini Space Station had issued 15,178,572 shares in its initial public offering on September 12th. The total size of the offering was $425,000,016 based on an initial share price of $28.00. During the company’s quiet period, underwriters and any insiders involved in the IPO are prevented from issuing any earnings forecasts or research reports for the company because of regulations issued by the Securities and Exchange Commission. Following the end of the company’s quiet period, it’s expected that the brokerages that served as underwriters on the stock will initiate research coverage on the company.

Analysts Set New Price Targets

Several research firms recently issued reports on GEMI. Rosenblatt Securities began coverage on shares of Gemini Space Station in a report on Tuesday, October 7th. They set a “buy” rating and a $30.00 price objective for the company. The Goldman Sachs Group initiated coverage on Gemini Space Station in a research note on Tuesday, October 7th. They issued a “neutral” rating and a $25.00 price objective on the stock. Wall Street Zen lowered Gemini Space Station from a “hold” rating to a “sell” rating in a report on Saturday, October 11th. Keefe, Bruyette & Woods started coverage on Gemini Space Station in a report on Tuesday, October 7th. They issued a “market perform” rating and a $27.00 target price on the stock. Finally, Truist Financial initiated coverage on Gemini Space Station in a research report on Tuesday, October 7th. They issued a “buy” rating and a $31.00 price objective for the company. Six investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $31.64.

Gemini Space Station Trading Down 8.2%

Shares of NASDAQ:GEMI opened at $20.52 on Friday. Gemini Space Station has a 52 week low of $20.49 and a 52 week high of $45.89.

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.