Gemini Space Station (NASDAQ:GEMI) Posts Quarterly Earnings Results, Misses Expectations By $0.18 EPS

Gemini Space Station (NASDAQ:GEMI) released its quarterly earnings data on Thursday. The company reported ($0.89) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.71) by ($0.18), FiscalAI reports. The company had revenue of $45.48 million during the quarter.

Gemini Space Station Stock Performance

GEMI stock traded down $0.26 during midday trading on Friday, reaching $4.04. 1,491,349 shares of the company traded hands, compared to its average volume of 1,777,537. The firm has a market capitalization of $482.53 million and a price-to-earnings ratio of -1.02. The business has a 50 day moving average of $4.35 and a 200-day moving average of $5.36. Gemini Space Station has a 52-week low of $3.74 and a 52-week high of $45.89.

Institutional Investors Weigh In On Gemini Space Station

Several hedge funds and other institutional investors have recently modified their holdings of GEMI. National Bank of Canada FI bought a new stake in Gemini Space Station during the 3rd quarter valued at about $123,000. SBI Securities Co. Ltd. boosted 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 period. Man Group plc purchased a new position in Gemini Space Station during the 3rd quarter worth $201,000. Caitong International Asset Management Co. Ltd bought a new stake in Gemini Space Station during the 4th quarter valued at $88,000. Finally, Sandia Investment Management LP bought a new position in shares of Gemini Space Station during the 3rd quarter worth $228,000.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the stock. The Goldman Sachs Group lowered shares of Gemini Space Station from a “neutral” rating to a “sell” rating and set a $4.00 price target for the company. in a research note on Wednesday, July 29th. Wall Street Zen cut shares of Gemini Space Station from a “hold” rating to a “sell” rating in a report on Monday, June 15th. Weiss Ratings raised shares of Gemini Space Station from a “sell (e+)” rating to a “sell (d)” rating in a research report on Friday, May 22nd. Morgan Stanley lowered their price target on Gemini Space Station from $6.00 to $5.50 and set an “equal weight” rating on the stock in a report on Friday, July 10th. Finally, Rosenblatt Securities reaffirmed a “buy” rating and issued a $9.00 price objective on shares of Gemini Space Station in a report on Monday, May 18th. Three equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $12.09.

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.