Traders Purchase High Volume of Gemini Space Station Call Options (NASDAQ:GEMI)

Gemini Space Station, Inc. (NASDAQ:GEMI) was the target of some unusual options trading activity on Monday. Stock investors bought 6,990 call options on the company. This represents an increase of 73% compared to the average volume of 4,046 call options.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Dragoneer Investment Group LLC purchased a new position in Gemini Space Station during the 3rd quarter valued at $38,815,000. North Reef Capital Management LP bought a new position in Gemini Space Station in the 3rd quarter worth $5,878,000. Altimeter Capital Management LP purchased a new stake in shares of Gemini Space Station in the 3rd quarter worth about $38,336,000. Commonwealth Bank of Australia purchased a new stake in shares of Gemini Space Station in the 4th quarter worth about $7,086,000. Finally, Ghisallo Capital Management LLC bought a new stake in shares of Gemini Space Station during the 3rd quarter valued at about $1,677,000.

Gemini Space Station Price Performance

Gemini Space Station stock traded down $0.02 during trading hours on Monday, reaching $4.69. The stock had a trading volume of 426,012 shares, compared to its average volume of 1,899,191. The company has a fifty day simple moving average of $4.82 and a 200-day simple moving average of $7.21. Gemini Space Station has a 52 week low of $3.91 and a 52 week high of $45.89. The stock has a market cap of $558.99 million and a PE ratio of -1.18.

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

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. Citigroup decreased their target price on shares of Gemini Space Station from $5.50 to $4.00 and set a “sell” rating on the stock in a research report on Tuesday, April 28th. Weiss Ratings raised Gemini Space Station from a “sell (e+)” rating to a “sell (d)” rating in a research note on Friday, May 22nd. Mizuho decreased their price objective on Gemini Space Station from $26.00 to $12.00 and set an “outperform” rating on the stock in a report on Monday, March 23rd. Needham & Company LLC lowered their target price on Gemini Space Station from $10.00 to $8.00 and set a “buy” rating for the company in a research note on Monday, March 23rd. Finally, Rosenblatt Securities restated a “buy” rating and set a $9.00 price target on shares of Gemini Space Station in a research report on Monday, May 18th. Three equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, Gemini Space Station presently has an average rating of “Hold” and a consensus target price of $12.52.

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.