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

Shares of Gemini Space Station, Inc. (NASDAQ:GEMI) have been given a consensus rating of “Hold” by the thirteen analysts that are currently covering the firm, Marketbeat reports. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $10.7909.

A number of equities research analysts have recently weighed in on GEMI shares. Rosenblatt Securities reduced their price objective on shares of Gemini Space Station from $9.00 to $6.00 and set a “buy” rating on the stock in a report on Monday, August 17th. Weiss Ratings lowered Gemini Space Station from a “sell (d)” rating to a “sell (e+)” rating in a report on Friday, August 14th. Morgan Stanley cut 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. Wall Street Zen downgraded Gemini Space Station from a “sell” rating to a “strong sell” rating in a report on Saturday, August 15th. Finally, Mizuho set a $7.00 price objective on Gemini Space Station in a research report on Monday, August 17th.

Institutional Trading of Gemini Space Station

Institutional investors and hedge funds have recently made changes to their positions in the company. ParaFi Capital LP lifted its stake in 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 during the last quarter. Gryphon Financial Partners LLC acquired a new position in shares of Gemini Space Station in the 1st quarter valued at $145,000. Apollon Wealth Management LLC acquired a new position in shares of Gemini Space Station in the 1st quarter valued at $44,000. Hsbc Holdings PLC purchased a new stake in Gemini Space Station in the 4th quarter valued at $174,000. Finally, Caitong International Asset Management Co. Ltd acquired a new stake in Gemini Space Station during the 4th quarter worth $88,000.

Gemini Space Station Stock Performance

GEMI stock opened at $4.71 on Friday. The company’s 50 day moving average price is $4.26 and its 200 day moving average price is $5.08. The firm has a market capitalization of $610.65 million and a price-to-earnings ratio of -0.49. Gemini Space Station has a fifty-two week low of $3.38 and a fifty-two week high of $45.89.

Gemini Space Station (NASDAQ:GEMI) last issued its quarterly earnings results 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 return on equity of 75.66% and a negative net margin of 250.13%.The firm had revenue of $45.48 million during the quarter. Equities analysts forecast that Gemini Space Station will post -3.37 EPS for the current fiscal year.

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.