Gemini Space Station (NASDAQ:GEMI – Free Report) had its target price trimmed by Needham & Company LLC from $8.00 to $6.00 in a report published on Monday morning, MarketBeat Ratings reports. The brokerage currently has a buy rating on the stock.
Other research analysts have also recently issued reports about the company. Rosenblatt Securities reduced their target price on Gemini Space Station from $9.00 to $6.00 and set a “buy” rating for the company in a research report on Monday. Wall Street Zen lowered shares of Gemini Space Station from a “sell” rating to a “strong sell” rating in a report on Saturday, August 15th. Cantor Fitzgerald dropped their price objective on shares of Gemini Space Station from $7.00 to $5.00 and set a “neutral” rating for the company in a research note on Monday. Truist Financial reduced their price objective on shares of Gemini Space Station from $5.00 to $4.50 and set a “hold” rating for the company in a report on Friday, July 24th. Finally, Citigroup decreased their target price on shares of 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. Three research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $10.86.
Check Out Our Latest Stock Analysis on GEMI
Gemini Space Station Trading Up 11.0%
Gemini Space Station (NASDAQ:GEMI – Get Free Report) last announced its quarterly earnings data on Thursday, August 13th. The company reported ($0.89) earnings per share for the quarter, missing the consensus estimate of ($0.71) by ($0.18). The firm had revenue of $45.48 million for the quarter. Gemini Space Station had a negative return on equity of 75.66% and a negative net margin of 250.13%. Sell-side analysts predict that Gemini Space Station will post -3.37 earnings per share for the current fiscal year.
Institutional Trading of Gemini Space Station
Institutional investors have recently bought and sold shares of the stock. National Bank of Canada FI bought a new stake in Gemini Space Station in the third quarter valued at $123,000. Man Group plc bought a new position in shares of Gemini Space Station during the third quarter valued at $201,000. Caitong International Asset Management Co. Ltd bought a new position in shares of Gemini Space Station during the fourth quarter valued at $88,000. Sandia Investment Management LP acquired a new stake in shares of Gemini Space Station in the 3rd quarter valued at $228,000. Finally, SBI Securities Co. Ltd. boosted its stake 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 purchasing an additional 7,781 shares in the last quarter.
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.
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