Gemini Space Station, Inc. (NASDAQ:GEMI) Receives $31.36 Average PT from Brokerages

Gemini Space Station, Inc. (NASDAQ:GEMI) has been given an average recommendation of “Moderate Buy” by the twelve research firms that are covering the company, Marketbeat Ratings reports. Six equities research analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $31.3636.

GEMI has been the subject of several recent analyst reports. Needham & Company LLC initiated coverage on shares of Gemini Space Station in a research report on Tuesday, October 7th. They set a “buy” rating and a $42.00 price objective for the company. Barclays started coverage on shares of Gemini Space Station in a report on Tuesday, October 7th. They set an “equal weight” rating and a $41.00 price target for the company. The Goldman Sachs Group started coverage on shares of Gemini Space Station in a research report on Tuesday, October 7th. They set a “neutral” rating and a $25.00 price target on the stock. Rosenblatt Securities began coverage on Gemini Space Station in a research report on Tuesday, October 7th. They issued a “buy” rating and a $30.00 price objective for the company. Finally, Morgan Stanley assumed coverage on Gemini Space Station in a research report on Tuesday, October 7th. They issued an “equal weight” rating and a $29.00 target price on the stock.

Gemini Space Station Price Performance

Shares of GEMI opened at $16.18 on Friday. Gemini Space Station has a 52-week low of $15.02 and a 52-week high of $45.89.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. SG Americas Securities LLC acquired a new position in Gemini Space Station during the 3rd quarter worth about $325,000. Wealth Enhancement Advisory Services LLC purchased a new stake in Gemini Space Station during the third quarter worth about $248,000. SBI Securities Co. Ltd. acquired a new stake in shares of Gemini Space Station during the third quarter worth about $51,000. Ground Swell Capital LLC acquired a new stake in shares of Gemini Space Station during the third quarter worth about $229,000. Finally, Vanguard Group Inc. purchased a new position in shares of Gemini Space Station in the third quarter valued at approximately $25,656,000.

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.