Gemini Space Station (NASDAQ:GEMI) Stock Price Up 7.3% – What’s Next?

Gemini Space Station, Inc. (NASDAQ:GEMI)’s stock price shot up 7.3% during mid-day trading on Thursday . The stock traded as high as $4.64 and last traded at $4.6040. 225,626 shares traded hands during mid-day trading, a decline of 88% from the average daily volume of 1,914,025 shares. The stock had previously closed at $4.29.

Wall Street Analyst Weigh In

Several analysts recently commented on GEMI shares. Needham & Company LLC reduced their target price on shares of Gemini Space Station from $8.00 to $6.00 and set a “buy” rating for the company in a report on Monday, August 17th. The Goldman Sachs Group cut their price objective on shares of Gemini Space Station from $4.00 to $3.50 and set a “sell” rating for the company in a research report on Monday, August 17th. Rosenblatt Securities reduced their price objective on Gemini Space Station from $9.00 to $6.00 and set a “buy” rating for the company in a report on Monday, August 17th. Wall Street Zen downgraded shares of Gemini Space Station from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 15th. Finally, Citigroup lowered their price objective on Gemini Space Station from $4.00 to $3.20 and set a “sell” rating on the stock in a research note on Thursday, August 20th. Three investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $10.79.

Gemini Space Station Stock Performance

The firm has a market cap of $606.76 million and a P/E ratio of -0.48. The company’s 50 day moving average is $4.27 and its 200 day moving average is $4.98.

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

Institutional Investors Weigh In On Gemini Space Station

Institutional investors have recently added to or reduced their stakes in the business. National Bank of Canada FI acquired a new position in Gemini Space Station in the 3rd quarter valued at approximately $123,000. SBI Securities Co. Ltd. raised its stake in shares of Gemini Space Station by 362.1% during the fourth quarter. SBI Securities Co. Ltd. now owns 9,930 shares of the company’s stock valued at $99,000 after acquiring an additional 7,781 shares during the last quarter. Man Group plc acquired a new position in shares of Gemini Space Station during the third quarter worth $201,000. Caitong International Asset Management Co. Ltd bought a new stake in shares of Gemini Space Station in the fourth quarter worth $88,000. Finally, Sandia Investment Management LP bought a new stake in shares of Gemini Space Station in the third quarter worth $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.