Gemini Space Station (NASDAQ:GEMI) Stock Price Up 6.5% – What’s Next?

Gemini Space Station, Inc. (NASDAQ:GEMI) shares shot up 6.5% on Tuesday . The company traded as high as $12.45 and last traded at $12.37. 967,561 shares changed hands during mid-day trading, a decline of 68% from the average session volume of 3,028,194 shares. The stock had previously closed at $11.61.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. Mizuho began coverage on shares of Gemini Space Station in a report on Tuesday, October 7th. They set an “outperform” rating and a $30.00 price target for the company. Keefe, Bruyette & Woods initiated coverage on Gemini Space Station in a research report on Tuesday, October 7th. They set a “market perform” rating and a $27.00 price objective for the company. Citigroup started coverage on Gemini Space Station in a research note on Tuesday, October 7th. They set a “neutral” rating and a $26.00 price target for the company. Truist Financial lowered their price target on Gemini Space Station from $28.00 to $17.00 and set a “buy” rating for the company in a research note on Tuesday, November 25th. Finally, Rosenblatt Securities began coverage on shares of Gemini Space Station in a research report on Tuesday, October 7th. They set a “buy” rating and a $30.00 price objective on the stock. Six analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $26.55.

Gemini Space Station Price Performance

The business has a fifty day moving average of $15.85.

Gemini Space Station (NASDAQ:GEMI) last announced its quarterly earnings results on Monday, November 10th. The company reported ($1.81) EPS for the quarter, missing the consensus estimate of ($0.82) by ($0.99). The business had revenue of $50.62 million during the quarter, compared to the consensus estimate of $45.87 million.

Institutional Investors Weigh In On Gemini Space Station

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