Gemini Space Station, Inc. (NASDAQ:GEMI) Given Average Recommendation of “Hold” by Analysts

Gemini Space Station, Inc. (NASDAQ:GEMI) has been given a consensus recommendation of “Hold” by the thirteen analysts that are presently covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a sell recommendation, eight have assigned a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $12.5227.

A number of equities analysts have commented on the company. Citigroup lowered their price objective on Gemini Space Station from $5.50 to $4.00 and set a “sell” rating on the stock in a research note on Tuesday, April 28th. Wall Street Zen lowered Gemini Space Station from a “hold” rating to a “sell” rating in a research note on Monday, June 15th. Rosenblatt Securities restated a “buy” rating and set a $9.00 price objective on shares of Gemini Space Station in a research note on Monday, May 18th. Morgan Stanley lowered their price objective on Gemini Space Station from $13.00 to $6.00 and set an “equal weight” rating on the stock in a research note on Friday, April 10th. Finally, Weiss Ratings upgraded Gemini Space Station from a “sell (e+)” rating to a “sell (d)” rating in a research note on Friday, May 22nd.

Institutional Investors Weigh In On Gemini Space Station

A number of large investors have recently modified their holdings of the business. National Bank of Canada FI acquired a new stake in shares of Gemini Space Station in the 3rd quarter valued at $123,000. SBI Securities Co. Ltd. boosted its holdings in shares of Gemini Space Station by 362.1% during the 4th quarter. SBI Securities Co. Ltd. now owns 9,930 shares of the company’s stock valued at $99,000 after acquiring an additional 7,781 shares in the last quarter. Man Group plc acquired a new stake in shares of Gemini Space Station during the 3rd quarter valued at $201,000. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Gemini Space Station during the 4th quarter valued at $88,000. Finally, Sandia Investment Management LP acquired a new stake in shares of Gemini Space Station during the 3rd quarter valued at $228,000.

Gemini Space Station Stock Performance

Gemini Space Station stock opened at $4.71 on Friday. The company has a market capitalization of $561.86 million and a price-to-earnings ratio of -1.19. Gemini Space Station has a 12 month low of $3.91 and a 12 month high of $45.89. The stock’s 50 day moving average is $4.82 and its 200-day moving average is $7.23.

Gemini Space Station (NASDAQ:GEMI) last posted its quarterly earnings data on Thursday, May 14th. The company reported ($0.93) EPS for the quarter, missing analysts’ consensus estimates of ($0.90) by ($0.03). The business had revenue of $50.27 million during the quarter. The business’s quarterly revenue was up 38.3% on a year-over-year basis. As a group, equities research analysts predict that Gemini Space Station will post -3.56 earnings per share for the current fiscal 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.