Gemini Space Station, Inc. (NASDAQ:GEMI) Receives Consensus Rating of “Hold” from Brokerages

Gemini Space Station, Inc. (NASDAQ:GEMIGet Free Report) has earned an average recommendation of “Hold” from the thirteen analysts that are presently covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, eight have issued a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $13.3636.

Several equities research analysts have recently weighed in on the company. Weiss Ratings reissued a “sell (d)” rating on shares of Gemini Space Station in a research note on Monday, December 29th. Evercore cut Gemini Space Station from an “outperform” rating to an “in-line” rating and set a $10.00 price target for the company. in a research note on Friday, February 6th. Morgan Stanley decreased their price target on Gemini Space Station from $29.00 to $13.00 and set an “equal weight” rating for the company in a research note on Monday, December 22nd. Needham & Company LLC decreased their price target on Gemini Space Station from $10.00 to $8.00 and set a “buy” rating for the company in a research note on Monday, March 23rd. Finally, Truist Financial cut Gemini Space Station from a “buy” rating to a “hold” rating and set a $7.00 price target for the company. in a research note on Tuesday, February 17th.

View Our Latest Analysis on Gemini Space Station

Gemini Space Station Trading Up 1.4%

Shares of GEMI stock opened at $4.35 on Tuesday. The firm has a market capitalization of $511.78 million and a PE ratio of -1.44. The company has a 50-day moving average of $6.70. Gemini Space Station has a 1-year low of $3.91 and a 1-year high of $45.89.

Gemini Space Station (NASDAQ:GEMIGet Free Report) last issued its quarterly earnings results on Thursday, March 19th. The company reported ($1.22) earnings per share for the quarter, missing the consensus estimate of ($1.06) by ($0.16). The firm had revenue of $60.34 million during the quarter.

Gemini Space Station News Roundup

Here are the key news stories impacting Gemini Space Station this week:

Insider Buying and Selling

In related news, Director Sachin Chand Jaitly sold 39,708 shares of the firm’s stock in a transaction that occurred on 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 Securities & Exchange Commission, which is accessible through this link.

Institutional Investors Weigh In On Gemini Space Station

Several large investors have recently added to or reduced their stakes in the business. SBI Securities Co. Ltd. acquired a new stake in Gemini Space Station during the third quarter worth approximately $51,000. National Bank of Canada FI acquired a new stake in Gemini Space Station during the third quarter worth approximately $123,000. Man Group plc bought a new position in Gemini Space Station in the third quarter worth approximately $201,000. Caitong International Asset Management Co. Ltd bought a new position in Gemini Space Station in the fourth quarter worth approximately $88,000. Finally, Sandia Investment Management LP bought a new position in Gemini Space Station in the third quarter worth approximately $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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