Key Points
- Director Sachin Chand Jaitly sold 39,708 shares on March 11 at an average price of $8.92, for a total of $354,195.36, according to an SEC filing.
- GEMI opened at $7.76 (50‑day MA $8.45), has a 12‑month range of $5.57–$45.89, a market cap of $913 million and a negative P/E (-4.29), reflecting unprofitable operations.
- Several analysts have trimmed price targets and the consensus rating is "Hold" with a $16.68 target, while a handful of institutional investors have recently initiated small positions.
Gemini Space Station, Inc. (NASDAQ:GEMI - Get Free Report) Director Sachin Chand Jaitly sold 39,708 shares of Gemini Space Station stock in a transaction on 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 document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Gemini Space Station Price Performance
GEMI stock opened at $7.76 on Friday. The company has a fifty day moving average price of $8.45. Gemini Space Station, Inc. has a 12-month low of $5.57 and a 12-month high of $45.89. The stock has a market cap of $913.00 million and a P/E ratio of -4.29.
Institutional Investors Weigh In On Gemini Space Station
Several large investors have recently modified their holdings of the company. SBI Securities Co. Ltd. purchased a new position in shares of Gemini Space Station during the third quarter worth approximately $51,000. National Bank of Canada FI purchased a new position in Gemini Space Station during the 3rd quarter worth $123,000. Man Group plc acquired a new position in Gemini Space Station in the third quarter valued at $201,000. Caitong International Asset Management Co. Ltd acquired a new position in Gemini Space Station in the fourth quarter valued at $88,000. Finally, Sandia Investment Management LP purchased a new stake in shares of Gemini Space Station in the third quarter valued at about $228,000.
Analyst Upgrades and Downgrades
A number of analysts have recently weighed in on GEMI shares. Needham & Company LLC cut their price objective on Gemini Space Station from $23.00 to $10.00 and set a "buy" rating on the stock in a research report on Wednesday, February 18th. The Goldman Sachs Group lowered their target price on shares of Gemini Space Station from $19.00 to $17.00 and set a "neutral" rating for the company in a research note on Friday, December 5th. Cantor Fitzgerald reissued a "neutral" rating and issued a $8.00 target price (down from $14.00) on shares of Gemini Space Station in a report on Wednesday, February 18th. Rosenblatt Securities decreased their price target on Gemini Space Station from $26.00 to $11.50 and set a "buy" rating for the company in a report on Friday, February 20th. Finally, Truist Financial downgraded Gemini Space Station from a "buy" rating to a "hold" rating and set a $7.00 price target for the company. in a report on Tuesday, February 17th. Three research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $16.68.
View Our Latest Report on Gemini Space Station
Gemini Space Station Company Profile
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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.
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