UBS Group AG Trims Stock Position in Gemini Space Station, Inc. $GEMI

UBS Group AG lessened its holdings in Gemini Space Station, Inc. (NASDAQ:GEMI) by 69.3% during the 4th quarter, Holdings Channel reports. The firm owned 410,268 shares of the company’s stock after selling 925,041 shares during the quarter. UBS Group AG’s holdings in Gemini Space Station were worth $4,070,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Dragoneer Investment Group LLC purchased a new stake in shares of Gemini Space Station in the third quarter valued at about $38,815,000. North Reef Capital Management LP purchased a new position in shares of Gemini Space Station during the third quarter valued at approximately $5,878,000. Altimeter Capital Management LP purchased a new position in shares of Gemini Space Station during the third quarter valued at approximately $38,336,000. Atreides Management LP purchased a new position in shares of Gemini Space Station during the third quarter valued at approximately $1,677,000. Finally, Ghisallo Capital Management LLC purchased a new position in shares of Gemini Space Station during the third quarter valued at approximately $1,677,000.

Insider Buying and Selling

In related news, Director Sachin Chand Jaitly sold 39,708 shares of the company’s stock in a transaction that occurred on Wednesday, March 11th. The shares were sold at an average price of $8.92, for a total transaction of $354,195.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the stock. Wall Street Zen raised shares of Gemini Space Station from a “strong sell” rating to a “hold” rating in a research note on Saturday, May 16th. Truist Financial downgraded shares of Gemini Space Station from a “buy” rating to a “hold” rating and set a $7.00 price objective on the stock. in a research note on Tuesday, February 17th. Rosenblatt Securities reissued a “buy” rating and set a $9.00 price objective on shares of Gemini Space Station in a research note on Monday, May 18th. Morgan Stanley reduced their price objective on shares of Gemini Space Station from $13.00 to $6.00 and set an “equal weight” rating on the stock in a research note on Friday, April 10th. Finally, Mizuho reduced their price objective on shares of Gemini Space Station from $26.00 to $12.00 and set an “outperform” rating on the stock in a research note on Monday, March 23rd. Three investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, Gemini Space Station currently has an average rating of “Hold” and a consensus price target of $12.52.

Gemini Space Station Stock Performance

Shares of GEMI stock opened at $5.16 on Friday. Gemini Space Station, Inc. has a one year low of $3.91 and a one year high of $45.89. The company has a 50 day moving average price of $5.04 and a 200 day moving average price of $8.40. The firm has a market capitalization of $619.15 million and a price-to-earnings ratio of -1.30.

Gemini Space Station (NASDAQ:GEMI) last issued its quarterly earnings results on Thursday, May 14th. The company reported ($0.93) EPS for the quarter, missing the consensus estimate of ($0.90) by ($0.03). The company had revenue of $50.27 million for the quarter. The business’s revenue for the quarter was up 38.3% compared to the same quarter last year. As a group, equities analysts forecast that Gemini Space Station, Inc. will post -3.56 EPS for the current fiscal year.

Gemini Space Station 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.