ParaFi Capital LP Acquires 2,782,786 Shares of Gemini Space Station, Inc. $GEMI

ParaFi Capital LP boosted its holdings in Gemini Space Station, Inc. (NASDAQ:GEMI) by 430.7% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,428,888 shares of the company’s stock after purchasing an additional 2,782,786 shares during the quarter. Gemini Space Station accounts for about 4.2% of ParaFi Capital LP’s portfolio, making the stock its 7th largest holding. ParaFi Capital LP’s holdings in Gemini Space Station were worth $14,607,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Gryphon Financial Partners LLC acquired a new position in Gemini Space Station during the first quarter worth about $145,000. Apollon Wealth Management LLC acquired a new position in Gemini Space Station during the 1st quarter worth about $44,000. Hsbc Holdings PLC bought a new position in shares of Gemini Space Station during the fourth quarter worth about $174,000. Caitong International Asset Management Co. Ltd acquired a new position in shares of Gemini Space Station in the fourth quarter worth approximately $88,000. Finally, Aristides Capital LLC bought a new stake in Gemini Space Station in the fourth quarter valued at approximately $164,000.

Analysts Set New Price Targets

A number of analysts have weighed in on GEMI shares. Rosenblatt Securities decreased their target price on shares of Gemini Space Station from $9.00 to $6.00 and set a “buy” rating for the company in a research report on Monday, August 17th. Mizuho set a $7.00 price objective on shares of Gemini Space Station in a research note on Monday, August 17th. Truist Financial dropped their target price on shares of Gemini Space Station from $5.00 to $4.50 and set a “hold” rating on the stock in a report on Friday, July 24th. Needham & Company LLC cut their price target on shares of Gemini Space Station from $8.00 to $6.00 and set a “buy” rating on the stock in a research report on Monday, August 17th. Finally, Morgan Stanley decreased their price target on Gemini Space Station from $6.00 to $5.50 and set an “equal weight” rating for the company in a report on Friday, July 10th. 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 stock. According to data from MarketBeat.com, Gemini Space Station presently has an average rating of “Hold” and an average target price of $10.79.

Gemini Space Station Stock Up 3.1%

Shares of NASDAQ GEMI opened at $4.29 on Thursday. The firm has a market cap of $556.20 million and a PE ratio of -0.44. The company’s fifty day simple moving average is $4.24 and its 200 day simple moving average is $5.00. Gemini Space Station, Inc. has a 12-month low of $3.38 and a 12-month high of $45.89.

Gemini Space Station (NASDAQ:GEMI) last announced its quarterly earnings data 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). 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, equities analysts predict that Gemini Space Station, Inc. will post -3.37 earnings per share for the current year.

Gemini Space Station 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.