Gemini Space Station (NASDAQ:GEMI) Stock Price Target Cut by Truist Financial

Gemini Space Station (NASDAQ:GEMI) had its price target decreased by analysts at Truist Financial from $4.50 to $3.50 in a research report issued on Friday, Benzinga reports. The firm currently has a “hold” rating on the stock. Truist Financial‘s price target indicates a potential upside of 14.94% from the company’s previous close.

Other analysts have also recently issued reports about the company. Cantor Fitzgerald lowered their target price on Gemini Space Station from $7.00 to $5.00 and set a “neutral” rating on the stock in a research report on Monday, August 17th. The Goldman Sachs Group upped their price objective on shares of Gemini Space Station from $3.50 to $4.00 and gave the stock a “sell” rating in a report on Wednesday, September 9th. Keefe, Bruyette & Woods raised shares of Gemini Space Station to a “hold” rating in a research note on Tuesday, September 29th. Wall Street Zen downgraded shares of Gemini Space Station from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 15th. Finally, Citigroup raised shares of Gemini Space Station from a “sell” rating to a “neutral” rating and upped their price target for the stock from $3.20 to $4.75 in a research note on Tuesday, October 13th. Three equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $5.67.

Gemini Space Station Stock Down 3.9%

NASDAQ GEMI traded down $0.12 on Friday, hitting $3.04. The stock had a trading volume of 1,019,230 shares, compared to its average volume of 2,016,977. Gemini Space Station has a one year low of $2.98 and a one year high of $20.93. The stock has a market cap of $394.78 million and a price-to-earnings ratio of -0.31. The company’s 50-day moving average is $4.47 and its two-hundred day moving average is $4.54.

Gemini Space Station (NASDAQ:GEMI) last released its quarterly earnings results 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 business had revenue of $45.48 million for the quarter. Gemini Space Station had a negative net margin of 250.13% and a negative return on equity of 75.66%. On average, sell-side analysts anticipate that Gemini Space Station will post -3.26 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Apollon Wealth Management LLC acquired a new position in Gemini Space Station during the first quarter worth about $44,000. WINTON GROUP Ltd bought a new stake in Gemini Space Station in the second quarter worth about $130,000. Gryphon Financial Partners LLC acquired a new stake in Gemini Space Station in the 1st quarter valued at about $145,000. Vontobel Holding Ltd. lifted its holdings in Gemini Space Station by 64.7% in the 3rd quarter. Vontobel Holding Ltd. now owns 59,125 shares of the company’s stock valued at $305,000 after acquiring an additional 23,235 shares during the last quarter. Finally, ParaFi Capital LP boosted its position in shares of Gemini Space Station by 430.7% during the 2nd quarter. ParaFi Capital LP now owns 3,428,888 shares of the company’s stock valued at $14,607,000 after purchasing an additional 2,782,786 shares in the last quarter.

Gemini Space Station Company Profile

Gemini Space Station, Inc is a cryptocurrency platform that provides digital-asset trading, custody and related financial services to retail and institutional customers. Through its Gemini brand, the company offers a platform for buying, selling and storing cryptocurrencies, along with tools designed to support portfolio management and digital-asset transactions.

The company also provides institutional services, including custody, trading infrastructure and access to cryptocurrency markets.