Gemini Space Station, Inc. (NASDAQ:GEMI) Stock Has Consensus Price Target of $10.84

Gemini Space Station, Inc. (NASDAQ:GEMI) has received a consensus recommendation of “Hold” from the thirteen brokerages that are presently covering the stock, Marketbeat Ratings reports. Three research analysts have rated the stock with a sell recommendation, seven have given a hold recommendation and three have given a buy recommendation to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $10.84.

A number of research firms recently weighed in on GEMI. Mizuho set a $7.00 target price on shares of Gemini Space Station in a research report on Monday, August 17th. Rosenblatt Securities cut their price target on shares of Gemini Space Station from $9.00 to $6.00 and set a “buy” rating on the stock in a research report on Monday, August 17th. Needham & Company LLC reduced their price objective on shares of Gemini Space Station from $8.00 to $6.00 and set a “buy” rating for the company in a research note on Monday, August 17th. Morgan Stanley decreased their price objective 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. Finally, Weiss Ratings downgraded Gemini Space Station from a “sell (d)” rating to a “sell (e+)” rating in a research report on Friday, August 14th.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. WINTON GROUP Ltd bought a new stake in shares of Gemini Space Station during the 2nd quarter worth approximately $130,000. ParaFi Capital LP grew its stake in shares of Gemini Space Station by 430.7% in the second quarter. ParaFi Capital LP now owns 3,428,888 shares of the company’s stock valued at $14,607,000 after buying an additional 2,782,786 shares in the last quarter. Gryphon Financial Partners LLC bought a new position in shares of Gemini Space Station in the first quarter valued at $145,000. Apollon Wealth Management LLC acquired a new position in Gemini Space Station during the first quarter worth $44,000. Finally, Caitong International Asset Management Co. Ltd acquired a new position in Gemini Space Station during the fourth quarter worth $88,000.

Gemini Space Station Stock Down 1.9%

Shares of GEMI opened at $5.54 on Tuesday. The stock has a market capitalization of $718.26 million and a P/E ratio of -0.57. Gemini Space Station has a twelve month low of $3.38 and a twelve month high of $26.75. The company has a 50 day moving average of $4.47 and a 200-day moving average of $4.79.

Gemini Space Station (NASDAQ:GEMI) last posted its quarterly earnings data on Thursday, August 13th. The company reported ($0.89) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.71) by ($0.18). Gemini Space Station had a negative net margin of 250.13% and a negative return on equity of 75.66%. The business had revenue of $45.48 million during the quarter. On average, sell-side analysts anticipate that Gemini Space Station will post -3.37 earnings per share for the current fiscal year.

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.