Gemini Space Station (NASDAQ:GEMI) Upgraded at Citigroup

Citigroup upgraded shares of Gemini Space Station (NASDAQ:GEMI) from a sell rating to a neutral rating in a research note issued to investors on Tuesday, Marketbeat.com reports. The brokerage currently has $4.75 price target on the stock, up from their previous price target of $3.20.

GEMI has been the topic of several other research reports. Wall Street Zen downgraded shares of Gemini Space Station from a “sell” rating to a “strong sell” rating in a report on Saturday, August 15th. The Goldman Sachs Group lifted their price objective on Gemini Space Station from $3.50 to $4.00 and gave the stock a “sell” rating in a research report on Wednesday, September 9th. Truist Financial lowered their target price on Gemini Space Station from $5.00 to $4.50 and set a “hold” rating on the stock in a report on Friday, July 24th. Rosenblatt Securities dropped their price target on Gemini Space Station from $9.00 to $6.00 and set a “buy” rating for the company in a research report on Monday, August 17th. Finally, Morgan Stanley cut Gemini Space Station from an “equal weight” rating to an “underweight” rating and set a $4.75 price target for the company. in a report on Friday, October 9th. Three equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $5.78.

Gemini Space Station Stock Up 0.3%

NASDAQ:GEMI opened at $3.88 on Tuesday. Gemini Space Station has a 52-week low of $3.38 and a 52-week high of $22.45. The stock has a fifty day simple moving average of $4.56 and a 200-day simple moving average of $4.57.

Gemini Space Station (NASDAQ:GEMI) last issued its quarterly earnings data on Thursday, August 13th. The company reported ($0.89) EPS for the quarter, missing analysts’ consensus estimates 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 business had revenue of $45.48 million during the quarter. As a group, research analysts predict that Gemini Space Station will post -3.26 EPS for the current year.

Institutional Trading of Gemini Space Station

Several hedge funds and other institutional investors have recently bought and sold shares of GEMI. Caitong International Asset Management Co. Ltd acquired a new position in Gemini Space Station in the 4th quarter valued at $88,000. Apollon Wealth Management LLC purchased a new stake in shares of Gemini Space Station in the first quarter valued at $44,000. Aristides Capital LLC purchased a new stake in shares of Gemini Space Station in the fourth quarter valued at $164,000. Clear Street Group Inc. purchased a new stake in shares of Gemini Space Station in the fourth quarter valued at $219,000. Finally, WINTON GROUP Ltd acquired a new position in Gemini Space Station in the second quarter valued at $130,000.

About Gemini Space Station

Gemini Space Station, Inc operates Gemini, a cryptocurrency platform founded by Cameron and Tyler Winklevoss in 2014. The company provides individuals and institutions with services for buying, selling, trading, storing and transferring digital assets.

Its offerings include a digital-asset exchange, custodial services, institutional trading tools, staking services and other products designed to support cryptocurrency investing and blockchain-based transactions. Gemini has also offered products connected with digital-asset payments and rewards, subject to applicable regulatory requirements and geographic availability.

The company serves customers in the United States and selected international markets through its online platform and related services.