Gemini Space Station (NASDAQ:GEMI – Get Free Report) was upgraded by Wall Street Zen from a “strong sell” rating to a “sell” rating in a research report issued to clients and investors on Saturday, Wall Street Zen reports.
Several other research firms have also commented on GEMI. Truist Financial decreased their price target on shares of Gemini Space Station from $4.50 to $3.50 and set a “hold” rating for the company in a report on Friday, October 23rd. Morgan Stanley lowered shares of Gemini Space Station from an “equal weight” rating to an “underweight” rating and set a $4.75 price objective on the stock. in a research note on Friday, October 9th. The Goldman Sachs Group lifted their target price on Gemini Space Station from $3.50 to $4.00 and gave the company a “sell” rating in a research note on Wednesday, September 9th. Rosenblatt Securities lowered their target price on Gemini Space Station from $9.00 to $6.00 and set a “buy” rating for the company in a report on Monday, August 17th. Finally, Citigroup upgraded Gemini Space Station from a “sell” rating to a “neutral” rating and increased their price target for the stock from $3.20 to $4.75 in a research report on Tuesday, October 13th. Three investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, Gemini Space Station has an average rating of “Hold” and a consensus price target of $5.67.
Read Our Latest Stock Analysis on Gemini Space Station
Gemini Space Station Stock Performance
Shares of GEMI opened at $2.38 on Friday. The business’s fifty day moving average price is $3.99 and its 200 day moving average price is $4.90. Gemini Space Station has a 12-month low of $2.31 and a 12-month high of $15.27.
Gemini Space Station (NASDAQ:GEMI – Get Free Report) last released its earnings results on Friday, November 13th. The company reported ($0.46) earnings per share for the quarter, beating the consensus estimate of ($1.13) by $0.67. The firm had revenue of $40.88 million during the quarter. Gemini Space Station had a negative net margin of 211.28% and a negative return on equity of 90.47%. As a group, research analysts anticipate that Gemini Space Station will post -3.26 EPS for the current year.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently bought and sold shares of GEMI. Marshall Wace LLP increased its stake in shares of Gemini Space Station by 2.5% in the third quarter. Marshall Wace LLP now owns 1,471,449 shares of the company’s stock valued at $7,593,000 after purchasing an additional 35,415 shares during the period. Ieq Capital LLC acquired a new position in shares of Gemini Space Station during the third quarter worth approximately $914,000. Focus Advisor Solutions LLC acquired a new position in shares of Gemini Space Station during the third quarter worth approximately $67,000. Russell Investments Group Ltd. boosted its position in shares of Gemini Space Station by 5,222.0% during the third quarter. Russell Investments Group Ltd. now owns 174,456 shares of the company’s stock worth $900,000 after buying an additional 171,178 shares during the period. Finally, Gryphon Financial Partners LLC bought a new position in Gemini Space Station in the 3rd quarter worth approximately $169,000.
Key Stories Impacting Gemini Space Station
These are some of the GEMI stories that stood out recently:
- Positive Sentiment: Gemini’s quarterly loss was narrower than a year earlier and better than analysts expected, while operating expenses declined 30% year over year. That combination may support optimism about efforts to reduce losses. Zacks earnings report
- Neutral Sentiment: Services revenue and interest income made up 59% of net revenue, showing some diversification beyond trading. Gemini also reportedly sold its U.K. and European businesses to KAST for under $10 million; the deal could help streamline operations, though the reported sale price is modest. Gemini Q3 results Report on U.K. and European unit sale
- Negative Sentiment: Revenue fell 19% to $40.9 million and missed estimates, as platform spot trading volume plunged 73% year over year. The steep decline highlights Gemini’s exposure to weaker trading activity and may offset the benefit of lower expenses and a smaller loss. Article on revenue and trading volume
About Gemini Space Station
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.
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