Cantor Fitzgerald Cuts Gemini Space Station (NASDAQ:GEMI) Price Target to $5.00

Gemini Space Station (NASDAQ:GEMI) had its price objective lowered by Cantor Fitzgerald from $7.00 to $5.00 in a report issued on Monday,Benzinga reports. The brokerage currently has a neutral rating on the stock.

Several other research firms have also recently weighed in on GEMI. Citigroup dropped their price objective on Gemini Space Station from $5.50 to $4.00 and set a “sell” rating for the company in a report on Tuesday, April 28th. Rosenblatt Securities decreased their target price on Gemini Space Station from $9.00 to $6.00 and set a “buy” rating for the company in a report on Monday. The Goldman Sachs Group lowered Gemini Space Station from a “neutral” rating to a “sell” rating and set a $4.00 price target for the company. in a research note on Wednesday, July 29th. Wall Street Zen cut shares of Gemini Space Station from a “sell” rating to a “strong sell” rating in a report on Saturday, August 15th. Finally, Weiss Ratings raised shares of Gemini Space Station from a “sell (e+)” rating to a “sell (d)” rating in a research report on Friday, May 22nd. Three research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $10.86.

Gemini Space Station Trading Up 11.0%

Shares of NASDAQ:GEMI opened at $3.93 on Monday. The company has a market cap of $468.81 million and a price-to-earnings ratio of -0.40. The company has a 50-day moving average price of $4.30 and a 200-day moving average price of $5.21. Gemini Space Station has a 12 month low of $3.38 and a 12 month high of $45.89.

Gemini Space Station (NASDAQ:GEMI) last posted its 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 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%. As a group, research analysts forecast that Gemini Space Station will post -3.37 EPS for the current fiscal year.

Hedge Funds Weigh In On Gemini Space Station

A number of hedge funds have recently added to or reduced their stakes in the company. National Bank of Canada FI purchased a new stake in Gemini Space Station during the 3rd quarter valued at $123,000. Man Group plc purchased a new position in shares of Gemini Space Station in the third quarter worth $201,000. Caitong International Asset Management Co. Ltd purchased a new position in shares of Gemini Space Station in the fourth quarter worth $88,000. Sandia Investment Management LP bought a new position in shares of Gemini Space Station during the third quarter valued at $228,000. Finally, SBI Securities Co. Ltd. lifted its holdings 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 purchasing an additional 7,781 shares in the last quarter.

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.