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

Shares of Gemini Space Station, Inc. (NASDAQ:GEMI) have received an average recommendation of “Hold” from the thirteen research firms that are presently covering the company, MarketBeat reports. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $12.0909.

GEMI has been the subject of a number of research analyst reports. Morgan Stanley dropped their price objective on shares of Gemini Space Station from $6.00 to $5.50 and set an “equal weight” rating for the company in a research note on Friday, July 10th. Weiss Ratings upgraded shares of Gemini Space Station from a “sell (e+)” rating to a “sell (d)” rating in a report on Friday, May 22nd. Rosenblatt Securities reaffirmed a “buy” rating and set a $9.00 price target on shares of Gemini Space Station in a research report on Monday, May 18th. Citigroup cut their price target on shares of 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. Finally, Wall Street Zen cut shares of Gemini Space Station from a “hold” rating to a “sell” rating in a research note on Monday, June 15th.

Institutional Investors Weigh In On Gemini Space Station

A number of institutional investors have recently added to or reduced their stakes in the company. Commonwealth Bank of Australia purchased a new position in Gemini Space Station in the fourth quarter valued at approximately $7,086,000. SBI Securities Co. Ltd. lifted its position in Gemini Space Station by 362.1% during the fourth quarter. SBI Securities Co. Ltd. now owns 9,930 shares of the company’s stock valued at $99,000 after buying an additional 7,781 shares in the last quarter. Hsbc Holdings PLC purchased a new stake in Gemini Space Station during the fourth quarter worth approximately $174,000. Invesco Ltd. purchased a new stake in Gemini Space Station during the fourth quarter worth approximately $173,000. Finally, Quadrature Capital Ltd acquired a new stake in shares of Gemini Space Station in the fourth quarter worth $160,000.

Gemini Space Station Price Performance

GEMI stock opened at $4.09 on Monday. The stock has a market capitalization of $487.90 million and a price-to-earnings ratio of -1.03. Gemini Space Station has a 52-week low of $3.74 and a 52-week high of $45.89. The stock’s fifty day simple moving average is $4.41 and its 200-day simple moving average is $5.53.

Gemini Space Station (NASDAQ:GEMI) last released its earnings results on Thursday, May 14th. The company reported ($0.93) EPS for the quarter, missing the consensus estimate of ($0.90) by ($0.03). The company had revenue of $50.27 million during the quarter. Gemini Space Station’s revenue for the quarter was up 38.3% on a year-over-year basis. As a group, analysts anticipate that Gemini Space Station will post -3.37 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.