Cantor Fitzgerald Has Lowered Expectations for Gemini Space Station (NASDAQ:GEMI) Stock Price

Gemini Space Station (NASDAQ:GEMI) had its price objective decreased by research analysts at Cantor Fitzgerald from $7.00 to $5.00 in a research note issued on Monday,Benzinga reports. The brokerage presently has a “neutral” rating on the stock. Cantor Fitzgerald’s price target indicates a potential upside of 27.55% from the stock’s previous close.

GEMI has been the topic of several other research reports. Morgan Stanley lowered their target price on 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. Truist Financial decreased their price target on Gemini Space Station from $5.00 to $4.50 and set a “hold” rating on the stock in a research note on Friday, July 24th. The Goldman Sachs Group lowered Gemini Space Station from a “neutral” rating to a “sell” rating and set a $4.00 price objective for the company. in a research note on Wednesday, July 29th. 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. Finally, Wall Street Zen lowered shares of Gemini Space Station from a “sell” rating to a “strong sell” rating in a report on Saturday. Three equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $11.36.

Gemini Space Station Stock Performance

Shares of GEMI opened at $3.92 on Monday. Gemini Space Station has a fifty-two week low of $3.74 and a fifty-two week high of $45.89. The firm has a market cap of $467.62 million and a price-to-earnings ratio of -0.40. The firm has a 50 day moving average price of $4.35 and a 200-day moving average price of $5.32.

Gemini Space Station (NASDAQ:GEMI) last issued its earnings results on Thursday, August 13th. The company reported ($0.89) EPS for the quarter, missing analysts’ consensus estimates of ($0.71) by ($0.18). The business 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%. As a group, equities research analysts predict that Gemini Space Station will post -3.37 earnings per share for the current year.

Institutional Trading of Gemini Space Station

Hedge funds have recently modified their holdings of the business. UBS Group AG bought a new stake in Gemini Space Station during the third quarter worth about $31,994,000. Vanguard Group Inc. purchased a new position in Gemini Space Station in the 3rd quarter worth approximately $25,656,000. Commonwealth Bank of Australia bought a new position in Gemini Space Station in the 4th quarter valued at approximately $7,086,000. Geode Capital Management LLC boosted its stake in Gemini Space Station by 1,220.7% during the 4th quarter. Geode Capital Management LLC now owns 484,571 shares of the company’s stock valued at $4,808,000 after purchasing an additional 447,881 shares during the last quarter. Finally, Squarepoint Ops LLC bought a new stake in shares of Gemini Space Station in the 3rd quarter worth $9,547,000.

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.