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

Shares of Gemini Space Station, Inc. (NASDAQ:GEMI) have earned a consensus recommendation of “Hold” from the thirteen research firms that are presently covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and three have issued a buy rating on the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $12.5227.

A number of research analysts have weighed in on GEMI shares. Morgan Stanley reduced their target price on 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. Needham & Company LLC cut their price objective on shares of Gemini Space Station from $10.00 to $8.00 and set a “buy” rating for the company in a research report on Monday, March 23rd. The Goldman Sachs Group cut their price objective on shares of Gemini Space Station from $6.50 to $5.75 and set a “neutral” rating for the company in a research report on Wednesday, April 8th. Weiss Ratings raised shares of Gemini Space Station from a “sell (e+)” rating to a “sell (d)” rating in a research note on Friday, May 22nd. Finally, Rosenblatt Securities reaffirmed a “buy” rating and set a $9.00 target price on shares of Gemini Space Station in a report on Monday, May 18th.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Gryphon Financial Partners LLC bought a new stake in Gemini Space Station during the first quarter valued at $145,000. Apollon Wealth Management LLC purchased a new stake in shares of Gemini Space Station in the 1st quarter valued at about $44,000. Hsbc Holdings PLC purchased a new stake in shares of Gemini Space Station in the 4th quarter valued at about $174,000. Caitong International Asset Management Co. Ltd bought a new stake in shares of Gemini Space Station during the 4th quarter valued at about $88,000. Finally, Aristides Capital LLC bought a new stake in shares of Gemini Space Station during the 4th quarter valued at about $164,000.

Gemini Space Station Price Performance

NASDAQ:GEMI opened at $4.22 on Thursday. The company has a market cap of $503.40 million and a P/E ratio of -1.07. The stock’s fifty day moving average price is $4.71 and its two-hundred day moving average price is $6.54. Gemini Space Station has a 1 year low of $3.83 and a 1 year high of $45.89.

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

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.