Gemini Space Station (NASDAQ:GEMI) Stock Price Down 5.1% – Time to Sell?

Gemini Space Station, Inc. (NASDAQ:GEMI)’s share price fell 5.1% on Friday . The stock traded as low as $4.43 and last traded at $4.47. Approximately 278,449 shares changed hands during mid-day trading, a decline of 85% from the average session volume of 1,918,764 shares. The stock had previously closed at $4.71.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the stock. Mizuho set a $7.00 price objective on shares of Gemini Space Station in a report on Monday, August 17th. The Goldman Sachs Group lowered their target price on Gemini Space Station from $4.00 to $3.50 and set a “sell” rating for the company in a report on Monday, August 17th. Morgan Stanley dropped their price target on 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. Weiss Ratings lowered Gemini Space Station from a “sell (d)” rating to a “sell (e+)” rating in a report on Friday, August 14th. Finally, Needham & Company LLC reduced their price objective on Gemini Space Station from $8.00 to $6.00 and set a “buy” rating for the company in a research report on Monday, August 17th. Three equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $10.79.

Gemini Space Station Trading Down 7.4%

The company has a market capitalization of $565.27 million and a price-to-earnings ratio of -0.45. The stock’s 50 day moving average price is $4.26 and its 200 day moving average price is $5.08.

Gemini Space Station (NASDAQ:GEMI) last issued its quarterly earnings results on Thursday, August 13th. The company reported ($0.89) EPS for the quarter, missing the consensus estimate of ($0.71) by ($0.18). The company had revenue of $45.48 million for the quarter. Gemini Space Station had a negative net margin of 250.13% and a negative return on equity of 75.66%. On average, research analysts expect that Gemini Space Station, Inc. will post -3.37 earnings per share for the current year.

Institutional Trading of Gemini Space Station

A number of large investors have recently added to or reduced their stakes in the company. Apollon Wealth Management LLC bought a new stake in shares of Gemini Space Station in the 1st quarter valued at about $44,000. Caitong International Asset Management Co. Ltd acquired a new position in Gemini Space Station during the fourth quarter worth approximately $88,000. SBI Securities Co. Ltd. raised its stake in 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 buying an additional 7,781 shares during the period. Engineers Gate Manager LP bought a new stake in Gemini Space Station in the fourth quarter valued at approximately $100,000. Finally, National Bank of Canada FI acquired a new stake in shares of Gemini Space Station in the third quarter valued at approximately $123,000.

About Gemini Space Station

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.