Gemini Space Station, Inc. (NASDAQ:GEMI) Receives Average Recommendation of “Hold” from Brokerages

Gemini Space Station, Inc. (NASDAQ:GEMI) has been given an average recommendation of “Hold” by the thirteen ratings firms that are presently covering the firm, Marketbeat.com reports. Three analysts have rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $10.84.

Several brokerages have recently weighed in on GEMI. Weiss Ratings cut Gemini Space Station from a “sell (d)” rating to a “sell (e+)” rating in a research report on Friday, August 14th. Mizuho set a $7.00 target price on Gemini Space Station in a research note on Monday, August 17th. Rosenblatt Securities dropped their price objective on shares of Gemini Space Station from $9.00 to $6.00 and set a “buy” rating for the company in a report on Monday, August 17th. Cantor Fitzgerald dropped their target price on Gemini Space Station from $7.00 to $5.00 and set a “neutral” rating for the company in a research report on Monday, August 17th. Finally, Wall Street Zen downgraded Gemini Space Station from a “sell” rating to a “strong sell” rating in a report on Saturday, August 15th.

Hedge Funds Weigh In On Gemini Space Station

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Apollon Wealth Management LLC purchased a new position in Gemini Space Station during the first quarter valued at $44,000. Caitong International Asset Management Co. Ltd purchased a new stake in Gemini Space Station in the fourth quarter worth approximately $88,000. WINTON GROUP Ltd bought a new stake in shares of Gemini Space Station in the second quarter worth $130,000. Gryphon Financial Partners LLC bought a new stake in shares of Gemini Space Station during the 1st quarter valued at about $145,000. Finally, Aristides Capital LLC purchased a new stake in Gemini Space Station during the fourth quarter valued at approximately $164,000.

Gemini Space Station Stock Performance

Gemini Space Station stock opened at $5.20 on Tuesday. Gemini Space Station has a fifty-two week low of $3.38 and a fifty-two week high of $26.75. The firm’s 50-day simple moving average is $4.49 and its 200 day simple moving average is $4.73. The stock has a market cap of $674.18 million and a PE ratio of -0.54.

Gemini Space Station (NASDAQ:GEMI) last posted its quarterly earnings data on Thursday, August 13th. The company reported ($0.89) EPS 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 during the quarter. As a group, analysts predict that Gemini Space Station will post -3.37 EPS for the current fiscal year.

Gemini Space Station Company Profile

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.