Gemini Space Station (NASDAQ:GEMI) Cut to Strong Sell at Wall Street Zen

Wall Street Zen cut shares of Gemini Space Station (NASDAQ:GEMI) from a sell rating to a strong sell rating in a report released on Saturday.

GEMI has been the topic of a number of other research reports. Morgan Stanley dropped their target price on Gemini Space Station from $6.00 to $5.50 and set an “equal weight” rating on the stock in a research report on Friday, July 10th. Citigroup reduced their price target on Gemini Space Station from $5.50 to $4.00 and set a “sell” rating for the company in a research report on Tuesday, April 28th. Rosenblatt Securities reaffirmed a “buy” rating and set a $9.00 price target on shares of Gemini Space Station in a research note on Monday, May 18th. Weiss Ratings upgraded shares of Gemini Space Station from a “sell (e+)” rating to a “sell (d)” rating in a report on Friday, May 22nd. Finally, 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. Three equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, Gemini Space Station currently has an average rating of “Hold” and an average price target of $10.86.

Gemini Space Station Trading Down 7.9%

Shares of NASDAQ GEMI opened at $3.61 on Friday. The firm has a market cap of $430.64 million and a PE ratio of -0.37. Gemini Space Station has a 1-year low of $3.38 and a 1-year high of $45.89. The company has a fifty day moving average price of $4.32 and a 200 day moving average price of $5.28.

Gemini Space Station (NASDAQ:GEMI) last released its 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 firm had revenue of $45.48 million for the quarter. Gemini Space Station had a negative return on equity of 75.66% and a negative net margin of 250.13%. Equities research analysts forecast that Gemini Space Station will post -3.37 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. National Bank of Canada FI bought a new stake in Gemini Space Station in the 3rd quarter valued at $123,000. SBI Securities Co. Ltd. increased its holdings in shares of Gemini Space Station by 362.1% in the fourth quarter. SBI Securities Co. Ltd. now owns 9,930 shares of the company’s stock valued at $99,000 after purchasing an additional 7,781 shares during the last quarter. Man Group plc acquired a new position in shares of Gemini Space Station in the third quarter valued at $201,000. Caitong International Asset Management Co. Ltd bought a new position in shares of Gemini Space Station in the fourth quarter valued at about $88,000. Finally, Sandia Investment Management LP bought a new position in shares of Gemini Space Station in the third quarter valued at about $228,000.

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.