Rosenblatt Securities Reiterates “Buy” Rating for Gemini Space Station (NASDAQ:GEMI)

Gemini Space Station (NASDAQ:GEMIGet Free Report)‘s stock had its “buy” rating restated by stock analysts at Rosenblatt Securities in a research report issued to clients and investors on Monday,Benzinga reports. They presently have a $9.00 target price on the stock. Rosenblatt Securities’ target price would suggest a potential upside of 72.74% from the company’s current price.

A number of other brokerages have also weighed in on GEMI. Morgan Stanley decreased their target price on shares of Gemini Space Station from $13.00 to $6.00 and set an “equal weight” rating for the company in a research note on Friday, April 10th. Truist Financial lowered shares of Gemini Space Station from a “buy” rating to a “hold” rating and set a $7.00 target price for the company. in a research note on Tuesday, February 17th. Mizuho decreased their target price on shares of Gemini Space Station from $26.00 to $12.00 and set an “outperform” rating for the company in a research note on Monday, March 23rd. Citigroup decreased their target price on shares of Gemini Space Station from $5.50 to $4.00 and set a “sell” rating for the company in a research note on Tuesday, April 28th. Finally, The Goldman Sachs Group reduced their price objective on Gemini Space Station from $6.50 to $5.75 and set a “neutral” rating for the company in a research note on Wednesday, April 8th. Three investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $12.52.

View Our Latest Stock Report on Gemini Space Station

Gemini Space Station Trading Down 6.6%

GEMI stock traded down $0.37 during midday trading on Monday, hitting $5.21. The company’s stock had a trading volume of 2,270,942 shares, compared to its average volume of 1,909,213. The company has a market cap of $625.15 million and a PE ratio of -1.71. Gemini Space Station has a 12 month low of $3.91 and a 12 month high of $45.89. The firm’s 50-day moving average is $5.43 and its 200-day moving average is $8.81.

Gemini Space Station (NASDAQ:GEMIGet Free Report) last announced its earnings results on Thursday, May 14th. The company reported ($0.93) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.90) by ($0.03). The business had revenue of $50.27 million for the quarter. The business’s revenue was up 38.3% on a year-over-year basis. Analysts expect that Gemini Space Station will post -3.56 earnings per share for the current year.

Insider Buying and Selling

In other Gemini Space Station news, Director Sachin Chand Jaitly sold 39,708 shares of the firm’s stock in a transaction dated Wednesday, March 11th. The stock was sold at an average price of $8.92, for a total transaction of $354,195.36. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Institutional Investors Weigh In On Gemini Space Station

A number of institutional investors and hedge funds have recently bought and sold shares of GEMI. SBI Securities Co. Ltd. bought a new position in shares of Gemini Space Station during the 3rd quarter valued at about $51,000. National Bank of Canada FI bought a new position in shares of Gemini Space Station in the 3rd quarter valued at about $123,000. Man Group plc bought a new position in shares of Gemini Space Station in the 3rd quarter valued at about $201,000. Caitong International Asset Management Co. Ltd bought a new stake in Gemini Space Station in the fourth quarter worth about $88,000. Finally, Sandia Investment Management LP bought a new stake in Gemini Space Station in the third quarter worth about $228,000.

About Gemini Space Station

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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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Analyst Recommendations for Gemini Space Station (NASDAQ:GEMI)

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