Gemini Space Station (NASDAQ:GEMI) Upgraded to Neutral at Citigroup

Gemini Space Station (NASDAQ:GEMI) was upgraded by analysts at Citigroup from a “sell” rating to a “neutral” rating in a research note issued to investors on Tuesday, Briefing.com reports. The brokerage currently has a $4.75 price objective on the stock. Citigroup’s target price would indicate a potential upside of 15.57% from the stock’s current price.

A number of other equities analysts also recently weighed in on GEMI. Wall Street Zen downgraded shares of Gemini Space Station from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 15th. The Goldman Sachs Group boosted their price objective on shares of Gemini Space Station from $3.50 to $4.00 and gave the stock a “sell” rating in a research note on Wednesday, September 9th. Truist Financial decreased their target price on Gemini Space Station from $5.00 to $4.50 and set a “hold” rating for the company in a research note on Friday, July 24th. Weiss Ratings lowered shares of Gemini Space Station from a “sell (d)” rating to a “sell (e+)” rating in a research report on Friday, August 14th. Finally, Needham & Company LLC reduced their target price on Gemini Space Station from $8.00 to $6.00 and set a “buy” rating for the company in a research report on Monday, August 17th. Three analysts have rated the stock with a Buy rating, five have issued a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $5.78.

Gemini Space Station Trading Down 6.4%

GEMI stock opened at $4.11 on Tuesday. The firm has a market capitalization of $532.86 million and a PE ratio of -0.42. Gemini Space Station has a one year low of $3.38 and a one year high of $23.67. The firm has a 50-day moving average of $4.57 and a two-hundred day moving average of $4.59.

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 analysts’ consensus estimates of ($0.71) by ($0.18). Gemini Space Station had a negative return on equity of 75.66% and a negative net margin of 250.13%. The firm had revenue of $45.48 million during the quarter. On average, equities research analysts anticipate that Gemini Space Station will post -3.37 earnings per share for the current year.

Institutional Trading of Gemini Space Station

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

About Gemini Space Station

Gemini Space Station, Inc operates Gemini, a cryptocurrency platform founded by Cameron and Tyler Winklevoss in 2014. The company provides individuals and institutions with services for buying, selling, trading, storing and transferring digital assets.

Its offerings include a digital-asset exchange, custodial services, institutional trading tools, staking services and other products designed to support cryptocurrency investing and blockchain-based transactions. Gemini has also offered products connected with digital-asset payments and rewards, subject to applicable regulatory requirements and geographic availability.

The company serves customers in the United States and selected international markets through its online platform and related services.