Gemini Space Station (NASDAQ:GEMI) Trading 9% Higher – What’s Next?

Shares of Gemini Space Station, Inc. (NASDAQ:GEMI) shot up 9% on Friday . The stock traded as high as $4.67 and last traded at $4.7850. Approximately 162,402 shares traded hands during mid-day trading, a decline of 92% from the average daily volume of 1,918,133 shares. The stock had previously closed at $4.39.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. Needham & Company LLC cut their price target on Gemini Space Station from $8.00 to $6.00 and set a “buy” rating for the company in a research note on Monday, August 17th. Rosenblatt Securities cut their price objective on shares of Gemini Space Station from $9.00 to $6.00 and set a “buy” rating for the company in a research report on Monday, August 17th. Morgan Stanley lowered their target price on shares of Gemini Space Station from $6.00 to $5.50 and set an “equal weight” rating on the stock in a report on Friday, July 10th. The Goldman Sachs Group boosted their price target 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. Finally, Wall Street Zen cut shares of Gemini Space Station from a “sell” rating to a “strong sell” rating in a report on Saturday, August 15th. Three research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $10.84.

Gemini Space Station Stock Performance

The firm has a market cap of $593.15 million and a price-to-earnings ratio of -0.47. The business has a fifty day moving average of $4.29 and a two-hundred day moving average of $4.91.

Gemini Space Station (NASDAQ:GEMI) last issued its quarterly earnings data on Thursday, August 13th. The company reported ($0.89) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.71) by ($0.18). The firm had revenue of $45.48 million for the quarter. Gemini Space Station had a negative return on equity of 75.66% and a negative net margin of 250.13%. On average, equities research analysts forecast that Gemini Space Station, Inc. will post -3.37 earnings per share for the current year.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Apollon Wealth Management LLC purchased a new position in Gemini Space Station during the first quarter worth approximately $44,000. Caitong International Asset Management Co. Ltd acquired a new position in Gemini Space Station in the fourth quarter valued at $88,000. Engineers Gate Manager LP purchased a new stake in Gemini Space Station during the fourth quarter valued at about $100,000. National Bank of Canada FI purchased a new stake in Gemini Space Station during the third quarter valued at about $123,000. Finally, WINTON GROUP Ltd acquired a new stake in Gemini Space Station during the second quarter worth about $130,000.

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.