Gemini Space Station (NASDAQ:GEMI) Upgraded at Keefe, Bruyette & Woods

Gemini Space Station (NASDAQ:GEMI) was upgraded by equities research analysts at Keefe, Bruyette & Woods to a “hold” rating in a research note issued on Tuesday, Zacks reports.

Several other research analysts also recently weighed in on GEMI. Truist Financial cut their price target on Gemini Space Station from $5.00 to $4.50 and set a “hold” rating for the company in a research note on Friday, July 24th. Wall Street Zen cut Gemini Space Station from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 15th. Rosenblatt Securities dropped 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. Morgan Stanley cut their target price on shares of Gemini Space Station from $6.00 to $5.50 and set an “equal weight” rating for the company in a research report on Friday, July 10th. Finally, The Goldman Sachs Group lifted their target price on shares of Gemini Space Station from $3.50 to $4.00 and gave the stock a “sell” rating in a research note on Wednesday, September 9th. Three analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $10.84.

Gemini Space Station Trading Down 1.7%

NASDAQ:GEMI opened at $5.07 on Tuesday. Gemini Space Station has a 12 month low of $3.38 and a 12 month high of $26.75. The firm’s 50 day moving average is $4.52 and its 200 day moving average is $4.67. The stock has a market capitalization of $657.33 million and a PE ratio of -0.52.

Gemini Space Station (NASDAQ:GEMI) last announced its quarterly earnings data on Thursday, August 13th. The company reported ($0.89) earnings per share for the quarter, missing the consensus estimate 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 firm had revenue of $45.48 million for the quarter. Research analysts predict that Gemini Space Station will post -3.37 earnings per share for the current year.

Institutional Investors Weigh In On Gemini Space Station

A number of institutional investors and hedge funds have recently modified their holdings of the company. Caitong International Asset Management Co. Ltd purchased a new position in Gemini Space Station during the fourth quarter valued at approximately $88,000. Apollon Wealth Management LLC bought a new position in Gemini Space Station in the 1st quarter valued at $44,000. Aristides Capital LLC bought a new position in Gemini Space Station in the 4th quarter valued at $164,000. Clear Street Group Inc. purchased a new position in shares of Gemini Space Station during the 4th quarter valued at $219,000. Finally, WINTON GROUP Ltd purchased a new position in shares of Gemini Space Station during the 2nd quarter valued at $130,000.

About Gemini Space Station

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.