Gemini Space Station, Inc. (NASDAQ:GEMI – Get Free Report) was the recipient of unusually large options trading activity on Monday. Traders purchased 6,990 call options on the company. This is an increase of 73% compared to the average volume of 4,046 call options.
Analyst Upgrades and Downgrades
Several analysts have recently commented on the stock. Weiss Ratings upgraded shares of Gemini Space Station from a “sell (e+)” rating to a “sell (d)” rating in a report on Friday, May 22nd. Rosenblatt Securities restated a “buy” rating and set a $9.00 price target on shares of Gemini Space Station in a report on Monday, May 18th. Morgan Stanley reduced their price objective on shares of Gemini Space Station from $13.00 to $6.00 and set an “equal weight” rating for the company in a research report on Friday, April 10th. The Goldman Sachs Group decreased their price objective on shares of 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. Finally, Wall Street Zen cut shares of Gemini Space Station from a “hold” rating to a “sell” rating in a research report on Monday, June 15th. Three equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $12.52.
Gemini Space Station Price Performance
Gemini Space Station (NASDAQ:GEMI – Get Free Report) last released its quarterly earnings data on Thursday, May 14th. The company reported ($0.93) EPS for the quarter, missing the consensus estimate of ($0.90) by ($0.03). The business had revenue of $50.27 million for the quarter. The company’s revenue was up 38.3% compared to the same quarter last year. As a group, analysts anticipate that Gemini Space Station will post -3.56 earnings per share for the current year.
Institutional Trading of Gemini Space Station
A number of hedge funds and other institutional investors have recently bought and sold shares of GEMI. Apollon Wealth Management LLC bought a new stake in Gemini Space Station during the first quarter valued at approximately $44,000. Caitong International Asset Management Co. Ltd bought a new position in shares of Gemini Space Station in the 4th quarter worth $88,000. SBI Securities Co. Ltd. raised its position in shares of Gemini Space Station by 362.1% during the 4th quarter. SBI Securities Co. Ltd. now owns 9,930 shares of the company’s stock valued at $99,000 after buying an additional 7,781 shares in the last quarter. Engineers Gate Manager LP purchased a new stake in shares of Gemini Space Station during the 4th quarter valued at $100,000. Finally, National Bank of Canada FI bought a new stake in shares of Gemini Space Station during the 3rd quarter worth $123,000.
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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