Gemini Space Station, Inc. (NASDAQ:GEMI) Receives $10.79 Average PT from Analysts

Shares of Gemini Space Station, Inc. (NASDAQ:GEMI) have been assigned an average rating of “Hold” from the thirteen research firms that are covering the firm, MarketBeat reports. Three analysts have rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating on the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $10.7909.

Several research analysts have commented on GEMI shares. Truist Financial decreased their target price on shares of Gemini Space Station from $5.00 to $4.50 and set a “hold” rating for the company in a report on Friday, July 24th. Rosenblatt Securities cut their price target 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. The Goldman Sachs Group reduced their price target 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. Weiss Ratings lowered shares of Gemini Space Station from a “sell (d)” rating to a “sell (e+)” rating in a research note on Friday, August 14th. Finally, Mizuho set a $7.00 price objective on shares of Gemini Space Station in a research report on Monday, August 17th.

Hedge Funds Weigh In On Gemini Space Station

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. acquired a new stake in shares of Gemini Space Station in the third quarter worth $25,656,000. Van ECK Associates Corp acquired a new position in Gemini Space Station in the 3rd quarter valued at $9,328,000. Franklin Resources Inc. bought a new position in Gemini Space Station in the 3rd quarter worth $2,963,000. UBS Group AG bought a new position in Gemini Space Station in the 3rd quarter worth $31,994,000. Finally, Squarepoint Ops LLC acquired a new position in Gemini Space Station during the 3rd quarter worth $9,547,000.

Gemini Space Station Stock Up 12.8%

Shares of NASDAQ GEMI opened at $4.84 on Friday. Gemini Space Station has a 12 month low of $3.38 and a 12 month high of $45.89. The company has a market cap of $627.52 million and a price-to-earnings ratio of -0.50. The business has a fifty day simple moving average of $4.26 and a 200-day simple moving average of $4.98.

Gemini Space Station (NASDAQ:GEMI) last issued 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 company had revenue of $45.48 million during 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, sell-side analysts expect 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.