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

Gemini Space Station, Inc. (NASDAQ:GEMI) has earned an average recommendation of “Hold” from the thirteen brokerages that are currently covering the firm, Marketbeat.com reports. Three research analysts have rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating on the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $12.0909.

Several research firms recently weighed in on GEMI. Weiss Ratings raised Gemini Space Station from a “sell (e+)” rating to a “sell (d)” rating in a research note on Friday, May 22nd. Wall Street Zen cut shares of Gemini Space Station from a “hold” rating to a “sell” rating in a report on Monday, June 15th. The Goldman Sachs Group downgraded shares of Gemini Space Station from a “neutral” rating to a “sell” rating and set a $4.00 price target on the stock. in a research note on Wednesday, July 29th. Morgan Stanley decreased their price target on shares of 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. Finally, Rosenblatt Securities reiterated a “buy” rating and set a $9.00 price objective on shares of Gemini Space Station in a research report on Monday, May 18th.

Institutional Trading of Gemini Space Station

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. acquired a new position in shares of Gemini Space Station during the third quarter worth $25,656,000. Van ECK Associates Corp bought a new stake in Gemini Space Station during the 3rd quarter worth $9,328,000. Franklin Resources Inc. bought a new stake in Gemini Space Station during the 3rd quarter worth $2,963,000. UBS Group AG acquired a new position in Gemini Space Station in the 3rd quarter worth about $31,994,000. Finally, Squarepoint Ops LLC acquired a new position in Gemini Space Station in the 3rd quarter worth about $9,547,000.

Gemini Space Station Price Performance

NASDAQ GEMI opened at $3.90 on Monday. The business has a fifty day moving average price of $4.51 and a two-hundred day moving average price of $5.76. The stock has a market capitalization of $465.23 million and a PE ratio of -0.98. Gemini Space Station has a fifty-two week low of $3.74 and a fifty-two week high of $45.89.

Gemini Space Station (NASDAQ:GEMI) last issued its quarterly earnings results on Thursday, May 14th. The company reported ($0.93) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.90) by ($0.03). The firm had revenue of $50.27 million during the quarter. The firm’s quarterly revenue was up 38.3% on a year-over-year basis. As a group, sell-side analysts expect that Gemini Space Station will post -3.37 earnings per share for the current year.

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.