Gemini Space Station (NASDAQ:GEMI) Upgraded to Hold at Keefe, Bruyette & Woods

Keefe, Bruyette & Woods upgraded shares of Gemini Space Station (NASDAQ:GEMI) to a hold rating in a research note issued to investors on Tuesday morning,Zacks reports.

Other equities research analysts have also recently issued reports about the company. Wall Street Zen cut Gemini Space Station from a “sell” rating to a “strong sell” rating in a report on Saturday, August 15th. The Goldman Sachs Group increased their price objective on Gemini Space Station from $3.50 to $4.00 and gave the company a “sell” rating in a research note on Wednesday, September 9th. Mizuho set a $7.00 target price on shares of Gemini Space Station in a research note on Monday, August 17th. Rosenblatt Securities lowered their price target 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. Finally, Needham & Company LLC cut their price target on shares of Gemini Space Station from $8.00 to $6.00 and set a “buy” rating on the stock in a report on Monday, August 17th. Three equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $10.84.

Gemini Space Station Stock Performance

Gemini Space Station stock opened at $5.07 on Tuesday. The stock has a market cap of $657.33 million and a P/E ratio of -0.52. Gemini Space Station has a fifty-two week low of $3.38 and a fifty-two week high of $26.75. The firm’s fifty day moving average price is $4.52 and its 200-day moving average price is $4.67.

Gemini Space Station (NASDAQ:GEMI) last issued its quarterly earnings results on Thursday, August 13th. The company reported ($0.89) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.71) by ($0.18). The business had revenue of $45.48 million for the quarter. Gemini Space Station had a negative net margin of 250.13% and a negative return on equity of 75.66%. Sell-side analysts predict that Gemini Space Station will post -3.37 earnings per share for the current year.

Institutional Trading of Gemini Space Station

A number of institutional investors and hedge funds have recently added to or reduced their stakes in GEMI. WINTON GROUP Ltd bought a new stake in Gemini Space Station during the 2nd quarter valued at approximately $130,000. ParaFi Capital LP boosted its position in shares of Gemini Space Station by 430.7% during the second quarter. ParaFi Capital LP now owns 3,428,888 shares of the company’s stock valued at $14,607,000 after purchasing an additional 2,782,786 shares in the last quarter. Gryphon Financial Partners LLC bought a new position in shares of Gemini Space Station in the 1st quarter worth about $145,000. Apollon Wealth Management LLC purchased a new position in Gemini Space Station during the 1st quarter valued at about $44,000. Finally, Caitong International Asset Management Co. Ltd purchased a new stake in Gemini Space Station in the fourth quarter worth about $88,000.

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.