Gemini Space Station, Inc. (GEMI) – What Are Analysts Saying About This Stock?

Shares of Gemini Space Station, Inc. (NASDAQ:GEMI) have received an average recommendation of “Hold” from the eleven ratings firms that are presently covering the company, Marketbeat.com reports. Three analysts have rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating on the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $5.67.

A number of equities research analysts have issued reports on the stock. Citigroup upgraded shares of Gemini Space Station from a “sell” rating to a “neutral” rating and increased their price objective for the stock from $3.20 to $4.75 in a research note on Tuesday, October 13th. Rosenblatt Securities dropped their target price on shares of Gemini Space Station from $9.00 to $6.00 and set a “buy” rating for the company in a research report on Monday, August 17th. Morgan Stanley cut shares of Gemini Space Station from an “equal weight” rating to an “underweight” rating and set a $4.75 target price for the company. in a research report on Friday, October 9th. Wall Street Zen downgraded shares of Gemini Space Station from a “sell” rating to a “strong sell” rating in a report on Saturday, August 15th. Finally, Weiss Ratings lowered shares of Gemini Space Station from a “sell (d)” rating to a “sell (e+)” rating in a research report on Friday, August 14th.

Institutional Investors Weigh In On Gemini Space Station

A number of hedge funds have recently made changes to their positions in the stock. Focus Advisor Solutions LLC bought a new stake in shares of Gemini Space Station during the third quarter worth $67,000. M Holdings Securities Inc. acquired a new position in Gemini Space Station in the third quarter valued at $81,000. Vise Technologies Inc. acquired a new position in shares of Gemini Space Station in the 3rd quarter valued at about $115,000. WINTON GROUP Ltd bought a new position in shares of Gemini Space Station during the 2nd quarter worth approximately $130,000. Finally, Gryphon Financial Partners LLC bought a new position in Gemini Space Station during the first quarter worth $145,000.

Gemini Space Station Stock Performance

GEMI opened at $2.65 on Wednesday. Gemini Space Station has a 52-week low of $2.31 and a 52-week high of $15.29. The firm has a market cap of $343.57 million, a P/E ratio of -0.27 and a beta of 2.75. The business’s fifty day moving average is $4.10 and its 200-day moving average is $5.00.

Gemini Space Station (NASDAQ:GEMI) last posted its quarterly earnings results on Thursday, August 13th. The company reported ($0.89) EPS for the quarter, missing analysts’ consensus estimates of ($0.71) by ($0.18). The company had revenue of $45.48 million during the quarter. Gemini Space Station had a negative net margin of 250.13% and a negative return on equity of 75.66%. On average, research analysts predict that Gemini Space Station will post -3.26 earnings per share for the current fiscal year.

Gemini Space Station Company Profile

Gemini Space Station, Inc. operates a cryptocurrency platform offering services to individual and institutional customers. Its products include digital-asset trading and custody, along with tools and services for institutions. Founded in 2014 by Cameron and Tyler Winklevoss, the company is based in New York. Gemini also issues the Gemini dollar, a U.S. dollar–pegged stablecoin. Gemini serves customers in the United States and select international markets, with product availability varying by location and local regulations.