Rosenblatt Securities Cuts Gemini Space Station (NASDAQ:GEMI) Price Target to $6.00

Gemini Space Station (NASDAQ:GEMI) had its target price reduced by Rosenblatt Securities from $9.00 to $6.00 in a research report sent to investors on Monday morning, MarketBeat.com reports. They currently have a buy rating on the stock.

Other equities research analysts have also issued research reports about the stock. Truist Financial lowered their target price on shares of Gemini Space Station from $5.00 to $4.50 and set a “hold” rating for the company in a report on Friday, July 24th. Citigroup cut their price target on shares of Gemini Space Station from $5.50 to $4.00 and set a “sell” rating on the stock in a report on Tuesday, April 28th. The Goldman Sachs Group lowered shares of Gemini Space Station from a “neutral” rating to a “sell” rating and set a $4.00 price objective on the stock. in a research report on Wednesday, July 29th. Weiss Ratings upgraded Gemini Space Station from a “sell (e+)” rating to a “sell (d)” rating in a research report on Friday, May 22nd. Finally, Wall Street Zen cut Gemini Space Station from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 15th. Three research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $10.86.

Gemini Space Station Stock Performance

NASDAQ GEMI opened at $3.93 on Monday. The business’s 50 day moving average price is $4.30 and its 200-day moving average price is $5.21. Gemini Space Station has a fifty-two week low of $3.38 and a fifty-two week high of $45.89. The company has a market cap of $468.81 million and a P/E ratio of -0.40.

Gemini Space Station (NASDAQ:GEMI) last issued its quarterly earnings results on Thursday, August 13th. The company reported ($0.89) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.71) by ($0.18). The company had revenue of $45.48 million during the quarter. Gemini Space Station had a negative return on equity of 75.66% and a negative net margin of 250.13%. As a group, equities analysts predict that Gemini Space Station will post -3.37 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Apollon Wealth Management LLC bought a new stake in Gemini Space Station during the 1st quarter valued at about $44,000. Caitong International Asset Management Co. Ltd purchased a new stake in Gemini Space Station in the 4th quarter valued at about $88,000. SBI Securities Co. Ltd. grew its stake in Gemini Space Station by 362.1% in the 4th quarter. SBI Securities Co. Ltd. now owns 9,930 shares of the company’s stock worth $99,000 after acquiring an additional 7,781 shares in the last quarter. Engineers Gate Manager LP bought a new position in Gemini Space Station in the 4th quarter worth about $100,000. Finally, National Bank of Canada FI purchased a new position in shares of Gemini Space Station during the third quarter worth approximately $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.