Gemini Space Station (NASDAQ:GEMI) Trading 7.7% Higher – Time to Buy?

Gemini Space Station, Inc. (NASDAQ:GEMI)’s share price rose 7.7% on Tuesday . The company traded as high as $4.80 and last traded at $4.8450. Approximately 151,556 shares traded hands during trading, a decline of 92% from the average session volume of 1,846,510 shares. The stock had previously closed at $4.50.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. Citigroup decreased their target price on Gemini Space Station from $5.50 to $4.00 and set a “sell” rating on the stock in a research report on Tuesday, April 28th. Morgan Stanley cut their price target on Gemini Space Station from $6.00 to $5.50 and set an “equal weight” rating for the company in a report on Friday, July 10th. Mizuho reduced their price objective on Gemini Space Station from $26.00 to $12.00 and set an “outperform” rating on the stock in a research note on Monday, March 23rd. The Goldman Sachs Group decreased their price objective on Gemini Space Station from $6.50 to $5.75 and set a “neutral” rating on the stock in a report on Wednesday, April 8th. Finally, Weiss Ratings upgraded Gemini Space Station from a “sell (e+)” rating to a “sell (d)” rating in a research report on Friday, May 22nd. Three analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $12.48.

Gemini Space Station Trading Up 6.4%

The stock has a market capitalization of $571.40 million and a PE ratio of -1.21. The business’s 50 day moving average is $4.66 and its 200 day moving average is $6.17.

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

Institutional Trading of Gemini Space Station

A number of large investors have recently made changes to their positions in the stock. UBS Group AG bought a new stake in Gemini Space Station during the 3rd quarter valued at about $31,994,000. Vanguard Group Inc. purchased a new position in Gemini Space Station during the 3rd quarter worth $25,656,000. Commonwealth Bank of Australia purchased a new stake in shares of Gemini Space Station in the 4th quarter worth $7,086,000. Geode Capital Management LLC increased its stake in shares of Gemini Space Station by 1,220.7% during the fourth quarter. Geode Capital Management LLC now owns 484,571 shares of the company’s stock valued at $4,808,000 after buying an additional 447,881 shares during the period. Finally, Squarepoint Ops LLC purchased a new stake in Gemini Space Station in the third quarter worth about $9,547,000.

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