Gemini Space Station (NASDAQ:GEMI – Get Free Report) had its price objective decreased by Truist Financial from $5.00 to $4.50 in a research note issued on Friday,Benzinga reports. The firm currently has a “hold” rating on the stock. Truist Financial’s target price indicates a potential upside of 2.27% from the company’s current price.
Several other research analysts also recently commented on GEMI. The Goldman Sachs Group decreased their target price on shares of Gemini Space Station from $6.50 to $5.75 and set a “neutral” rating on the stock in a research note on Wednesday, April 8th. Wall Street Zen lowered shares of Gemini Space Station from a “hold” rating to a “sell” rating in a report on Monday, June 15th. Rosenblatt Securities restated a “buy” rating and issued a $9.00 price objective on shares of Gemini Space Station in a research report on Monday, May 18th. Weiss Ratings raised shares of Gemini Space Station from a “sell (e+)” rating to a “sell (d)” rating in a research note on Friday, May 22nd. Finally, Morgan Stanley lowered their price objective on shares of Gemini Space Station from $6.00 to $5.50 and set an “equal weight” rating for the company in a research note on Friday, July 10th. Three research analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $12.25.
Check Out Our Latest Research Report on GEMI
Gemini Space Station Price Performance
Gemini Space Station (NASDAQ:GEMI – Get Free Report) last announced 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 during the quarter. Gemini Space Station’s quarterly revenue was up 38.3% on a year-over-year basis. As a group, sell-side analysts anticipate that Gemini Space Station will post -3.37 EPS for the current year.
Institutional Inflows and Outflows
A number of hedge funds have recently added to or reduced their stakes in GEMI. Gryphon Financial Partners LLC purchased a new stake in shares of Gemini Space Station in the 1st quarter worth about $145,000. Apollon Wealth Management LLC purchased a new stake in Gemini Space Station in the first quarter worth about $44,000. Hsbc Holdings PLC bought a new stake in Gemini Space Station during the 4th quarter valued at approximately $174,000. Caitong International Asset Management Co. Ltd purchased a new position in shares of Gemini Space Station during the 4th quarter worth approximately $88,000. Finally, Aristides Capital LLC bought a new position in shares of Gemini Space Station in the 4th quarter worth approximately $164,000.
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.
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