Gemini Space Station, Inc. (NASDAQ:GEMI – Get Free Report) traded down 5.3% during mid-day trading on Friday . The company traded as low as $4.53 and last traded at $4.5850. Approximately 339,772 shares traded hands during mid-day trading, a decline of 82% from the average daily volume of 1,923,490 shares. The stock had previously closed at $4.84.
Analysts Set New Price Targets
GEMI has been the topic of several recent research reports. Cantor Fitzgerald cut their target price on shares of Gemini Space Station from $7.00 to $5.00 and set a “neutral” rating on the stock in a research report on Monday, August 17th. Rosenblatt Securities dropped their price target on shares of 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. 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. Citigroup reduced their price objective on shares of Gemini Space Station from $4.00 to $3.20 and set a “sell” rating on the stock in a research note on Thursday, August 20th. Finally, Morgan Stanley cut their target price on Gemini Space Station from $6.00 to $5.50 and set an “equal weight” rating on the stock in a report on Friday, July 10th. Three equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $10.79.
View Our Latest Analysis on GEMI
Gemini Space Station Price Performance
Gemini Space Station (NASDAQ:GEMI – Get Free Report) last released its earnings results on Thursday, August 13th. The company reported ($0.89) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.71) by ($0.18). Gemini Space Station had a negative net margin of 250.13% and a negative return on equity of 75.66%. The firm had revenue of $45.48 million during the quarter. On average, equities research analysts expect that Gemini Space Station, Inc. will post -3.37 EPS for the current fiscal year.
Institutional Investors Weigh In On Gemini Space Station
Large investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. bought a new stake in Gemini Space Station in the third quarter worth approximately $25,656,000. Van ECK Associates Corp acquired a new stake in shares of Gemini Space Station during the 3rd quarter worth approximately $9,328,000. Franklin Resources Inc. bought a new stake in shares of Gemini Space Station in the 3rd quarter valued at $2,963,000. UBS Group AG bought a new stake in shares of Gemini Space Station in the 3rd quarter valued at $31,994,000. Finally, Squarepoint Ops LLC acquired a new position in shares of Gemini Space Station during the 3rd quarter valued at $9,547,000.
About Gemini Space Station
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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