Gemini Space Station (NASDAQ:GEMI) Shares Up 6.3% – Still a Buy?

Gemini Space Station, Inc. (NASDAQ:GEMI) was up 6.3% during mid-day trading on Friday . The company traded as high as $4.73 and last traded at $4.7070. 284,288 shares traded hands during trading, a decline of 85% from the average daily volume of 1,921,648 shares. The stock had previously closed at $4.43.

Analyst Upgrades and Downgrades

GEMI has been the topic of a number of research reports. Morgan Stanley lowered their price target 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. Weiss Ratings cut Gemini Space Station from a “sell (d)” rating to a “sell (e+)” rating in a research note on Friday, August 14th. The Goldman Sachs Group lifted their price objective on shares of Gemini Space Station from $3.50 to $4.00 and gave the company a “sell” rating in a research note on Wednesday, September 9th. Mizuho set a $7.00 target price on Gemini Space Station in a report on Monday, August 17th. Finally, Cantor Fitzgerald decreased their price target on Gemini Space Station from $7.00 to $5.00 and set a “neutral” rating on the stock in a research report on Monday, August 17th. Three investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $10.84.

Gemini Space Station Stock Up 12.6%

The firm has a market cap of $646.69 million and a P/E ratio of -0.51. The business has a fifty day simple moving average of $4.31 and a 200-day simple moving average of $4.86.

Gemini Space Station (NASDAQ:GEMI) last announced its earnings results 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 business had revenue of $45.48 million for the quarter. Gemini Space Station had a negative net margin of 250.13% and a negative return on equity of 75.66%. On average, sell-side analysts anticipate that Gemini Space Station, Inc. will post -3.37 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of GEMI. WINTON GROUP Ltd acquired a new position in shares of Gemini Space Station during the 2nd quarter worth approximately $130,000. ParaFi Capital LP raised its holdings in Gemini Space Station by 430.7% in the 2nd quarter. ParaFi Capital LP now owns 3,428,888 shares of the company’s stock valued at $14,607,000 after buying an additional 2,782,786 shares during the period. Gryphon Financial Partners LLC purchased a new position in shares of Gemini Space Station during the 1st quarter worth approximately $145,000. Apollon Wealth Management LLC acquired a new stake in shares of Gemini Space Station in the first quarter valued at $44,000. Finally, Caitong International Asset Management Co. Ltd purchased a new stake in Gemini Space Station in the 4th quarter valued at $88,000.

Gemini Space Station Company Profile

Gemini Space Station, Inc, doing business as Gemini, is a cryptocurrency platform that provides digital-asset trading, custody and related financial services to retail and institutional customers. Its platform enables users to buy, sell, store and transfer cryptocurrencies and access market data and portfolio-management tools.

The company has also offered institutional services, including custody, execution and clearing solutions, as well as products designed to support staking and other digital-asset activities.