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

Gemini Space Station, Inc. (NASDAQ:GEMI) has been assigned an average recommendation of “Hold” from the thirteen analysts that are presently covering the company, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating on the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $10.8364.

GEMI has been the topic of a number of analyst reports. Mizuho set a $7.00 target price on shares of Gemini Space Station in a research note on Monday, August 17th. Cantor Fitzgerald cut their price target on Gemini Space Station from $7.00 to $5.00 and set a “neutral” rating for the company in a research note on Monday, August 17th. Rosenblatt Securities decreased their price target on Gemini Space Station from $9.00 to $6.00 and set a “buy” rating on the stock in a report on Monday, August 17th. Morgan Stanley lowered their price objective 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. Finally, Citigroup dropped their price objective on Gemini Space Station from $4.00 to $3.20 and set a “sell” rating for the company in a research note on Thursday, August 20th.

Gemini Space Station Trading Up 3.1%

NASDAQ GEMI opened at $5.99 on Tuesday. Gemini Space Station has a 12 month low of $3.38 and a 12 month high of $26.75. The stock has a market cap of $776.62 million and a price-to-earnings ratio of -0.62. The company’s 50 day moving average is $4.37 and its two-hundred day moving average is $4.85.

Gemini Space Station (NASDAQ:GEMI) last posted its quarterly earnings results on Thursday, August 13th. The company reported ($0.89) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.71) by ($0.18). The firm 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%. Sell-side analysts forecast that Gemini Space Station will post -3.37 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Apollon Wealth Management LLC purchased a new stake in Gemini Space Station during the 1st quarter valued at approximately $44,000. Caitong International Asset Management Co. Ltd purchased a new position in shares of Gemini Space Station in the fourth quarter worth $88,000. WINTON GROUP Ltd bought a new position in shares of Gemini Space Station during the second quarter worth $130,000. Gryphon Financial Partners LLC bought a new position in shares of Gemini Space Station during the first quarter worth $145,000. Finally, Aristides Capital LLC purchased a new position in Gemini Space Station during the fourth quarter valued at $164,000.

Key Headlines Impacting Gemini Space Station

Here are the key news stories impacting Gemini Space Station this week:

• Positive Sentiment: Takeover speculation resurfaced after GEMI’s steep decline from its IPO, with some investors suggesting that the lower valuation could make Gemini more attractive to potential buyers. The discussion was amplified by Coinbase and Kraken gaining competitive ground in the crypto market. Gemini Stock Jumps as Takeover Speculation Returns
• Positive Sentiment: The renewed acquisition narrative helped drive a sharp recent advance in GEMI shares, while elevated trading volume indicates that traders are actively positioning around a possible strategic transaction. Gemini Stock Surges Amid Renewed Acquisition Chatter
• Neutral Sentiment: Several reports compared Gemini with peers and competitors, but these reviews did not identify a definitive new catalyst or confirmed takeover offer. Reviewing Gemini Space Station and Its Peers
• Neutral Sentiment: Gemini’s market value was reported at approximately $753 million, underscoring the substantial valuation decline since its public debut and contributing to speculation about possible strategic interest. Gemini Market Value Falls
• Negative Sentiment: Zacks cautioned that recent earnings-estimate revisions may not support further near-term gains. This is a concern because Gemini remains unprofitable, and its latest reported quarterly loss missed analyst expectations. Gemini Surges: Is This an Indication of Further Gains?

Gemini Space Station Company Profile

Gemini Space Station, Inc, doing business as Gemini, is a cryptocurrency platform that provides digital-asset trading, custody and related financial services to retail and institutional customers. Its platform enables users to buy, sell, store and transfer cryptocurrencies and access market data and portfolio-management tools.

The company has also offered institutional services, including custody, execution and clearing solutions, as well as products designed to support staking and other digital-asset activities.