Dragoneer Investment Group LLC Sells 810,000 Shares of Gemini Space Station, Inc. $GEMI

Dragoneer Investment Group LLC decreased its position in shares of Gemini Space Station, Inc. (NASDAQ:GEMI) by 50.0% during the 4th quarter, Holdings Channel reports. The institutional investor owned 810,000 shares of the company’s stock after selling 810,000 shares during the quarter. Gemini Space Station makes up approximately 0.2% of Dragoneer Investment Group LLC’s portfolio, making the stock its 26th largest position. Dragoneer Investment Group LLC’s holdings in Gemini Space Station were worth $8,035,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the company. National Bank of Canada FI bought a new position in Gemini Space Station during the 3rd quarter worth $123,000. SBI Securities Co. Ltd. increased its position in Gemini Space Station by 362.1% during the 4th quarter. SBI Securities Co. Ltd. now owns 9,930 shares of the company’s stock worth $99,000 after buying an additional 7,781 shares during the period. Man Group plc bought a new position in Gemini Space Station during the 3rd quarter worth $201,000. Sandia Investment Management LP bought a new position in Gemini Space Station during the 3rd quarter worth $228,000. Finally, Alpine Global Management LLC bought a new position in Gemini Space Station during the 3rd quarter worth $240,000.

Wall Street Analyst Weigh In

Several research firms have weighed in on GEMI. Needham & Company LLC lowered their price objective on Gemini Space Station from $10.00 to $8.00 and set a “buy” rating on the stock in a research report on Monday, March 23rd. Cantor Fitzgerald reiterated a “neutral” rating and set a $8.00 price objective (down from $14.00) on shares of Gemini Space Station in a research report on Wednesday, February 18th. The Goldman Sachs Group lowered their price objective on Gemini Space Station from $6.50 to $5.75 and set a “neutral” rating on the stock in a research report on Wednesday, April 8th. Mizuho decreased their price target on Gemini Space Station from $26.00 to $12.00 and set an “outperform” rating on the stock in a research report 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 on the stock. in a research report on Tuesday, February 17th. Three research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $12.52.

Gemini Space Station Stock Performance

Shares of NASDAQ GEMI opened at $4.71 on Wednesday. Gemini Space Station, Inc. has a 52 week low of $3.91 and a 52 week high of $45.89. The stock has a market capitalization of $561.86 million and a P/E ratio of -1.19. The stock’s fifty day moving average is $4.80 and its 200 day moving average is $7.34.

Gemini Space Station (NASDAQ:GEMI) last issued its quarterly earnings results on Thursday, May 14th. The company reported ($0.93) EPS for the quarter, missing analysts’ consensus estimates of ($0.90) by ($0.03). The company had revenue of $50.27 million during the quarter. Gemini Space Station’s quarterly revenue was up 38.3% on a year-over-year basis. Equities research analysts forecast that Gemini Space Station, Inc. will post -3.56 earnings per share for the current year.

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.