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

Key Points

• Gemini Space Station's quiet period will end on October 22nd, allowing underwriters to initiate research coverage after the period of restriction following their IPO on September 12th.
• Evercore ISI, Citigroup, Needham & Company, Truist Financial, and Rosenblatt Securities have issued various price targets, with ratings ranging from "outperform" to "buy."
• The current stock price of Gemini Space Station is $22.65, significantly below its fifty-two week high of $45.89.

Gemini Space Station's (NASDAQ:GEMI - Get Free Report) quiet period is set to expire on Wednesday, October 22nd. Gemini Space Station had issued 15,178,572 shares in its IPO 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, insiders and underwriters that worked on the IPO are prevented from issuing any research reports or earnings estimates 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.

Wall Street Analyst Weigh In

GEMI has been the subject of several research reports. Evercore ISI initiated coverage on shares of Gemini Space Station in a report on Tuesday, October 7th. They issued an "outperform" rating and a $30.00 price objective for the company. Citigroup assumed coverage on shares of Gemini Space Station in a report on Tuesday, October 7th. They issued a "neutral" rating and a $26.00 price objective for the company. Needham & Company LLC assumed coverage on shares of Gemini Space Station in a research report on Tuesday, October 7th. They issued a "buy" rating and a $42.00 target price on the stock. Truist Financial assumed coverage on shares of Gemini Space Station in a research report on Tuesday, October 7th. They issued a "buy" rating and a $31.00 target price on the stock. Finally, Rosenblatt Securities assumed coverage on shares of Gemini Space Station in a research report on Tuesday, October 7th. They issued a "buy" rating and a $30.00 target price on the stock. Six equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $31.64.

Gemini Space Station Price Performance

NASDAQ:GEMI opened at $22.65 on Wednesday. Gemini Space Station has a fifty-two week low of $21.70 and a fifty-two week high of $45.89.

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.

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