Shares of Gemini Space Station, Inc. (NASDAQ:GEMI – Get Free Report) have received a consensus rating of “Hold” from the eleven analysts that are covering the firm, Marketbeat.com reports. Three equities research analysts have rated the stock with a sell recommendation, five have issued a hold recommendation and three have issued a buy recommendation on the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $5.78.
A number of research analysts have weighed in on GEMI shares. Needham & Company LLC reduced their price target on Gemini Space Station from $8.00 to $6.00 and set a “buy” rating on the stock in a research note on Monday, August 17th. Wall Street Zen downgraded Gemini Space Station from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 15th. Truist Financial lowered their price objective on Gemini Space Station from $5.00 to $4.50 and set a “hold” rating for the company in a research report on Friday, July 24th. Rosenblatt Securities dropped their target price on Gemini Space Station from $9.00 to $6.00 and set a “buy” rating for the company in a research note on Monday, August 17th. Finally, Morgan Stanley downgraded Gemini Space Station from an “equal weight” rating to an “underweight” rating and set a $4.75 target price on the stock. in a research report on Friday, October 9th.
Read Our Latest Stock Analysis on Gemini Space Station
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently modified their holdings of GEMI. Caitong International Asset Management Co. Ltd acquired a new position in shares of Gemini Space Station during the 4th quarter valued at about $88,000. Apollon Wealth Management LLC acquired a new stake in shares of Gemini Space Station in the first quarter worth approximately $44,000. Aristides Capital LLC acquired a new stake in shares of Gemini Space Station in the fourth quarter worth approximately $164,000. WINTON GROUP Ltd acquired a new stake in shares of Gemini Space Station in the second quarter worth approximately $130,000. Finally, Gryphon Financial Partners LLC purchased a new stake in Gemini Space Station in the first quarter valued at approximately $145,000.
Gemini Space Station Trading Down 8.0%
Shares of NASDAQ GEMI traded down $0.31 during midday trading on Friday, reaching $3.57. 1,580,184 shares of the stock were exchanged, compared to its average volume of 2,836,570. The stock has a 50 day moving average price of $4.55 and a 200-day moving average price of $4.57. The company has a market capitalization of $462.85 million and a P/E ratio of -0.37. Gemini Space Station has a 52-week low of $3.38 and a 52-week high of $20.93.
Gemini Space Station (NASDAQ:GEMI – Get Free Report) last announced its earnings results on Thursday, August 13th. The company reported ($0.89) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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%. On average, analysts forecast that Gemini Space Station will post -3.26 earnings per share for the current year.
Gemini Space Station Company Profile
Gemini Space Station, Inc operates Gemini, a cryptocurrency platform founded by Cameron and Tyler Winklevoss in 2014. The company provides individuals and institutions with services for buying, selling, trading, storing and transferring digital assets.
Its offerings include a digital-asset exchange, custodial services, institutional trading tools, staking services and other products designed to support cryptocurrency investing and blockchain-based transactions. Gemini has also offered products connected with digital-asset payments and rewards, subject to applicable regulatory requirements and geographic availability.
The company serves customers in the United States and selected international markets through its online platform and related services.
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