Gemini Space Station, Inc. (NASDAQ:GEMI) Given Consensus Rating of “Hold” by Analysts

Shares of Gemini Space Station, Inc. (NASDAQ:GEMI) have been assigned an average rating of “Hold” from the thirteen ratings firms that are currently covering the company, Marketbeat Ratings reports. Three research analysts have rated the stock with a sell recommendation, seven have given a hold recommendation and three have issued a buy recommendation on the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $12.0909.

Several research analysts have recently commented on the stock. Morgan Stanley lowered their target price on shares of Gemini Space Station from $6.00 to $5.50 and set an “equal weight” rating on the stock in a report on Friday, July 10th. Weiss Ratings upgraded Gemini Space Station from a “sell (e+)” rating to a “sell (d)” rating in a research note on Friday, May 22nd. The Goldman Sachs Group downgraded Gemini Space Station from a “neutral” rating to a “sell” rating and set a $4.00 price target on the stock. in a research report on Wednesday, July 29th. Rosenblatt Securities restated a “buy” rating and set a $9.00 price objective on shares of Gemini Space Station in a research note on Monday, May 18th. Finally, Wall Street Zen cut Gemini Space Station from a “hold” rating to a “sell” rating in a report on Monday, June 15th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. National Bank of Canada FI bought a new stake in Gemini Space Station during the third quarter worth about $123,000. Man Group plc bought a new position in Gemini Space Station in the 3rd quarter valued at about $201,000. Caitong International Asset Management Co. Ltd bought a new position in Gemini Space Station in the 4th quarter valued at about $88,000. Sandia Investment Management LP bought a new position in Gemini Space Station in the 3rd quarter valued at about $228,000. Finally, SBI Securities Co. Ltd. raised its position in shares of Gemini Space Station by 362.1% in the 4th quarter. SBI Securities Co. Ltd. now owns 9,930 shares of the company’s stock valued at $99,000 after buying an additional 7,781 shares in the last quarter.

Gemini Space Station Stock Performance

NASDAQ:GEMI opened at $3.90 on Monday. Gemini Space Station has a 52 week low of $3.74 and a 52 week high of $45.89. The firm has a market cap of $465.23 million and a price-to-earnings ratio of -0.98. The firm’s 50-day simple moving average is $4.51 and its 200 day simple moving average is $5.76.

Gemini Space Station (NASDAQ:GEMI) last issued its quarterly earnings data on Thursday, May 14th. The company reported ($0.93) earnings per share for the quarter, missing the consensus estimate of ($0.90) by ($0.03). The business had revenue of $50.27 million for the quarter. The firm’s revenue for the quarter was up 38.3% on a year-over-year basis. Sell-side analysts anticipate that Gemini Space Station will post -3.37 EPS for the current year.

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. Gemini was founded in 2014 to be the most trusted, secure, and easy way to buy, sell, and store crypto assets.