Gemini Space Station, Inc. (NASDAQ:GEMI) Receives Average Recommendation of “Hold” from Brokerages

Shares of Gemini Space Station, Inc. (NASDAQ:GEMI) have been assigned an average rating of “Hold” from the thirteen research firms that are covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and three have assigned a buy rating to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $13.3636.

A number of research analysts recently commented on the company. The Goldman Sachs Group reduced their target price on Gemini Space Station from $7.50 to $6.50 and set a “neutral” rating on the stock in a research note on Thursday, March 26th. Rosenblatt Securities dropped their price target on Gemini Space Station from $11.50 to $9.00 and set a “buy” rating for the company in a research note on Tuesday, March 24th. Needham & Company LLC cut their price objective on Gemini Space Station from $10.00 to $8.00 and set a “buy” rating for the company in a report on Monday, March 23rd. Weiss Ratings reiterated a “sell (d)” rating on shares of Gemini Space Station in a research report on Monday, December 29th. Finally, Citigroup cut Gemini Space Station from a “neutral” rating to a “sell” rating and decreased their price objective for the company from $13.00 to $5.50 in a report on Wednesday, March 18th.

Gemini Space Station Trading Down 1.7%

GEMI stock opened at $4.04 on Tuesday. Gemini Space Station has a one year low of $3.91 and a one year high of $45.89. The stock has a market cap of $475.31 million and a PE ratio of -1.33. The business has a 50 day moving average of $7.27.

Gemini Space Station (NASDAQ:GEMI) last posted its quarterly earnings data on Thursday, March 19th. The company reported ($1.22) earnings per share for the quarter, missing the consensus estimate of ($1.06) by ($0.16). The firm had revenue of $60.34 million for the quarter.

Insider Buying and Selling

In other Gemini Space Station news, Director Sachin Chand Jaitly sold 39,708 shares of the stock in a transaction that occurred on Wednesday, March 11th. The shares were sold at an average price of $8.92, for a total transaction of $354,195.36. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Institutional Investors Weigh In On Gemini Space Station

A number of institutional investors have recently made changes to their positions in GEMI. SBI Securities Co. Ltd. bought a new position in shares of Gemini Space Station during the 3rd quarter valued at $51,000. National Bank of Canada FI bought a new stake in Gemini Space Station in the third quarter worth $123,000. Man Group plc bought a new stake in Gemini Space Station in the third quarter worth $201,000. Caitong International Asset Management Co. Ltd purchased a new stake in Gemini Space Station during the fourth quarter valued at about $88,000. Finally, Sandia Investment Management LP purchased a new stake in Gemini Space Station during the third quarter valued at about $228,000.

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.