Gemini Space Station, Inc. (NASDAQ:GEMI) Stock Has Average Price Target of $5.78

Gemini Space Station, Inc. (NASDAQ:GEMI) has been given a consensus rating of “Hold” by the eleven analysts that are covering the firm, Marketbeat Ratings reports. Three analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $5.67.

Several research analysts have commented on GEMI shares. Citigroup upgraded shares of Gemini Space Station from a “sell” rating to a “neutral” rating and upped their price objective for the stock from $3.20 to $4.75 in a report on Tuesday, October 13th. Truist Financial lowered their target price on Gemini Space Station from $4.50 to $3.50 and set a “hold” rating for the company in a research note on Friday. Rosenblatt Securities dropped their price target on Gemini Space Station from $9.00 to $6.00 and set a “buy” rating on the stock in a research report on Monday, August 17th. The Goldman Sachs Group upped their price target on Gemini Space Station from $3.50 to $4.00 and gave the stock a “sell” rating in a research note on Wednesday, September 9th. Finally, Keefe, Bruyette & Woods upgraded Gemini Space Station to a “hold” rating in a report on Tuesday, September 29th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. ParaFi Capital LP raised its position in shares of Gemini Space Station by 430.7% in the 2nd quarter. ParaFi Capital LP now owns 3,428,888 shares of the company’s stock worth $14,607,000 after purchasing an additional 2,782,786 shares during the last quarter. Vontobel Holding Ltd. increased its stake in Gemini Space Station by 64.7% during the 3rd quarter. Vontobel Holding Ltd. now owns 59,125 shares of the company’s stock valued at $305,000 after purchasing an additional 23,235 shares in the last quarter. Gryphon Financial Partners LLC bought a new stake in Gemini Space Station during the 1st quarter valued at about $145,000. WINTON GROUP Ltd purchased a new position in Gemini Space Station in the second quarter worth about $130,000. Finally, Aristides Capital LLC bought a new position in shares of Gemini Space Station in the fourth quarter worth approximately $164,000.

Gemini Space Station Stock Performance

GEMI stock opened at $3.06 on Friday. The firm’s 50-day moving average price is $4.46 and its two-hundred day moving average price is $4.53. Gemini Space Station has a 12-month low of $2.97 and a 12-month high of $20.93.

Gemini Space Station (NASDAQ:GEMI) last posted its earnings results on Thursday, August 13th. The company reported ($0.89) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.71) by ($0.18). The business 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%. Equities research analysts anticipate that Gemini Space Station will post -3.26 earnings per share for the current fiscal year.

Gemini Space Station Company Profile

Gemini Space Station, Inc is a cryptocurrency platform that provides digital-asset trading, custody and related financial services to retail and institutional customers. Through its Gemini brand, the company offers a platform for buying, selling and storing cryptocurrencies, along with tools designed to support portfolio management and digital-asset transactions.

The company also provides institutional services, including custody, trading infrastructure and access to cryptocurrency markets.