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

Shares of Gemini Space Station, Inc. (NASDAQ:GEMI) have received an average recommendation of “Hold” from the thirteen ratings firms that are currently covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have assigned a buy rating to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $12.5227.

GEMI has been the subject of several recent research reports. Citigroup cut their target price on shares of Gemini Space Station from $5.50 to $4.00 and set a “sell” rating for the company in a report on Tuesday, April 28th. Needham & Company LLC cut their target price on shares of Gemini Space Station from $10.00 to $8.00 and set a “buy” rating for the company in a report on Monday, March 23rd. Truist Financial lowered shares of Gemini Space Station from a “buy” rating to a “hold” rating and set a $7.00 target price for the company. in a report on Tuesday, February 17th. Morgan Stanley cut their price target on shares of Gemini Space Station from $13.00 to $6.00 and set an “equal weight” rating for the company in a report on Friday, April 10th. Finally, The Goldman Sachs Group cut their price target on shares of Gemini Space Station from $6.50 to $5.75 and set a “neutral” rating for the company in a report on Wednesday, April 8th.

Gemini Space Station Price Performance

NASDAQ:GEMI opened at $4.70 on Friday. The firm has a market cap of $560.66 million and a price-to-earnings ratio of -1.19. The company has a 50 day moving average price of $4.77 and a 200-day moving average price of $7.44. Gemini Space Station has a 1-year low of $3.91 and a 1-year high of $45.89.

Gemini Space Station (NASDAQ:GEMI) last posted its earnings results on Thursday, May 14th. The company reported ($0.93) earnings per share for the quarter, missing the consensus estimate of ($0.90) by ($0.03). The firm had revenue of $50.27 million for the quarter. The business’s revenue was up 38.3% compared to the same quarter last year. On average, sell-side analysts anticipate that Gemini Space Station will post -3.56 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Gemini Space Station

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Gryphon Financial Partners LLC purchased a new stake in Gemini Space Station in the 1st quarter worth $145,000. Apollon Wealth Management LLC purchased a new stake in Gemini Space Station in the 1st quarter worth $44,000. Hsbc Holdings PLC purchased a new stake in Gemini Space Station in the 4th quarter worth $174,000. Caitong International Asset Management Co. Ltd purchased a new stake in Gemini Space Station in the 4th quarter worth $88,000. Finally, Aristides Capital LLC purchased a new stake in Gemini Space Station in the 4th quarter worth $164,000.

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.