Gemini Space Station (NASDAQ:GEMI) Releases Earnings Results, Misses Estimates By $0.03 EPS

Gemini Space Station (NASDAQ:GEMI) released its quarterly earnings data on Thursday. The company reported ($0.93) EPS for the quarter, missing analysts’ consensus estimates of ($0.90) by ($0.03), FiscalAI reports. The firm had revenue of $50.27 million for the quarter. Gemini Space Station’s quarterly revenue was up 38.3% on a year-over-year basis.

Gemini Space Station Trading Up 6.1%

Shares of GEMI stock traded up $0.32 during trading hours on Friday, hitting $5.58. 16,976,144 shares of the company’s stock were exchanged, compared to its average volume of 1,606,395. The company has a market capitalization of $669.54 million and a PE ratio of -1.84. Gemini Space Station has a 12-month low of $3.91 and a 12-month high of $45.89. The business’s 50 day simple moving average is $5.43 and its 200-day simple moving average is $8.89.

Insider Activity at Gemini Space Station

In other Gemini Space Station news, Director Sachin Chand Jaitly sold 39,708 shares of Gemini Space Station 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 transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in GEMI. Dragoneer Investment Group LLC purchased a new position in shares of Gemini Space Station during the third quarter worth approximately $38,815,000. Altimeter Capital Management LP purchased a new position in shares of Gemini Space Station during the third quarter worth approximately $38,336,000. UBS Group AG purchased a new position in shares of Gemini Space Station during the third quarter worth approximately $31,994,000. Vanguard Group Inc. purchased a new position in shares of Gemini Space Station in the third quarter worth $25,656,000. Finally, Commonwealth Bank of Australia purchased a new position in shares of Gemini Space Station in the fourth quarter worth $7,086,000.

Analyst Ratings Changes

A number of research firms have recently commented on GEMI. Morgan Stanley cut their price objective on shares of Gemini Space Station from $13.00 to $6.00 and set an “equal weight” rating for the company in a research report on Friday, April 10th. Evercore lowered shares of Gemini Space Station from an “outperform” rating to an “in-line” rating and set a $10.00 target price for the company. in a research report on Friday, February 6th. Cantor Fitzgerald reiterated a “neutral” rating and set a $8.00 target price (down from $14.00) on shares of Gemini Space Station in a research report on Wednesday, February 18th. Wall Street Zen upgraded shares of Gemini Space Station from a “strong sell” rating to a “hold” rating in a research report on Saturday. Finally, Rosenblatt Securities dropped their target price on shares of Gemini Space Station from $11.50 to $9.00 and set a “buy” rating for the company in a research report on Tuesday, March 24th. Three investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $12.52.

Key Gemini Space Station News

Here are the key news stories impacting Gemini Space Station this week:

• Positive Sentiment: Gemini reported a smaller-than-expected Q1 loss of $0.93 per share versus estimates for a $1.07 loss, while revenue rose 42% year over year to $50.27 million, signaling continued operating improvement. Article Title
• Positive Sentiment: The company also secured a $100 million strategic investment from Winklevoss Capital Fund, which investors appear to view as a lifeline that strengthens Gemini’s balance sheet and supports its push beyond crypto trading into prediction markets and broader financial services. Article Title
• Neutral Sentiment: Unusual options activity also suggests traders are positioning for a larger move in GEMI, with call volume more than doubling its average. Article Title
• Negative Sentiment: Multiple law firms issued fresh reminders about a securities class action tied to Gemini’s IPO and alleged disclosures, which keeps litigation risk in focus and could weigh on sentiment. Article Title

Gemini Space Station Company 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.