Gemini Space Station (NASDAQ:GEMI) Raised to “Hold” at Keefe, Bruyette & Woods

Gemini Space Station (NASDAQ:GEMI) was upgraded by investment analysts at Keefe, Bruyette & Woods to a “hold” rating in a report released on Tuesday, Zacks reports.

Several other equities analysts also recently commented on the stock. Weiss Ratings downgraded shares of Gemini Space Station from a “sell (d)” rating to a “sell (e+)” rating in a report on Friday, August 14th. Mizuho set a $7.00 target price on shares of Gemini Space Station in a research note on Monday, August 17th. Citigroup reduced their price target on shares of Gemini Space Station from $4.00 to $3.20 and set a “sell” rating on the stock in a report on Thursday, August 20th. Morgan Stanley decreased their price target on shares of Gemini Space Station from $6.00 to $5.50 and set an “equal weight” rating on the stock in a research note on Friday, July 10th. Finally, Rosenblatt Securities dropped their price objective on shares of Gemini Space Station from $9.00 to $6.00 and set a “buy” rating for the company in a report on Monday, August 17th. Three investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $10.84.

Gemini Space Station Trading Down 1.7%

NASDAQ GEMI opened at $5.07 on Tuesday. The stock’s 50 day moving average is $4.52 and its 200 day moving average is $4.67. 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 $657.33 million and a PE ratio of -0.52.

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 the consensus estimate of ($0.71) by ($0.18). Gemini Space Station had a negative return on equity of 75.66% and a negative net margin of 250.13%.The business had revenue of $45.48 million during the quarter. On average, analysts forecast that Gemini Space Station will post -3.37 EPS for the current fiscal year.

Institutional Trading of Gemini Space Station

Several hedge funds have recently modified their holdings of GEMI. ParaFi Capital LP boosted its position in shares of Gemini Space Station by 430.7% during the 2nd quarter. ParaFi Capital LP now owns 3,428,888 shares of the company’s stock valued at $14,607,000 after acquiring an additional 2,782,786 shares during the last quarter. Commonwealth Bank of Australia bought a new stake in Gemini Space Station in the fourth quarter worth $7,086,000. Gryphon Financial Partners LLC purchased a new stake in Gemini Space Station during the first quarter valued at $145,000. WINTON GROUP Ltd purchased a new stake in Gemini Space Station during the second quarter valued at $130,000. Finally, Clear Street Group Inc. bought a new position in Gemini Space Station during the fourth quarter valued at $219,000.

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.