Gemini Space Station, Inc. (NASDAQ:GEMI) Given Average Rating of “Hold” by Analysts

Gemini Space Station, Inc. (NASDAQ:GEMI) has been given a consensus recommendation of “Hold” by the thirteen analysts that are presently covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, eight have assigned a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $12.5227.

A number of equities research analysts have recently issued reports on GEMI shares. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $8.00 target price (down from $14.00) on shares of Gemini Space Station in a report on Wednesday, February 18th. Morgan Stanley dropped their target price on shares of Gemini Space Station from $13.00 to $6.00 and set an “equal weight” rating for the company in a report on Friday, April 10th. Truist Financial lowered shares of Gemini Space Station from a “buy” rating to a “hold” rating and set a $7.00 target price for the company. in a report on Tuesday, February 17th. The Goldman Sachs Group dropped their target price on shares of Gemini Space Station from $6.50 to $5.75 and set a “neutral” rating for the company in a report on Wednesday, April 8th. Finally, Wall Street Zen raised shares of Gemini Space Station from a “sell” rating to a “hold” rating in a report on Sunday, June 7th.

Gemini Space Station Stock Up 1.3%

Gemini Space Station stock opened at $4.70 on Friday. Gemini Space Station has a 52-week low of $3.91 and a 52-week high of $45.89. The firm has a market capitalization of $560.66 million and a price-to-earnings ratio of -1.19. The company has a fifty day simple moving average of $4.77 and a 200-day simple moving average of $7.44.

Gemini Space Station (NASDAQ:GEMI) last released its earnings results on Thursday, May 14th. The company reported ($0.93) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.90) by ($0.03). The firm had revenue of $50.27 million for the quarter. The company’s revenue was up 38.3% compared to the same quarter last year. On average, research analysts anticipate that Gemini Space Station will post -3.56 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. National Bank of Canada FI acquired a new position in shares of Gemini Space Station during the 3rd quarter valued at about $123,000. Man Group plc acquired a new position in shares of Gemini Space Station during the 3rd quarter valued at about $201,000. Caitong International Asset Management Co. Ltd acquired a new position in shares of Gemini Space Station during the 4th quarter valued at about $88,000. Sandia Investment Management LP acquired a new position in shares of Gemini Space Station during the 3rd quarter valued at about $228,000. Finally, SBI Securities Co. Ltd. boosted its position in shares of Gemini Space Station by 362.1% during the 4th quarter. SBI Securities Co. Ltd. now owns 9,930 shares of the company’s stock valued at $99,000 after acquiring an additional 7,781 shares during the last quarter.

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.