Gemini Space Station (NASDAQ:GEMI) Upgraded at Keefe, Bruyette & Woods

Keefe, Bruyette & Woods upgraded shares of Gemini Space Station (NASDAQ:GEMI) to a hold rating in a research report report published on Tuesday morning,Zacks reports.

Several other research analysts have also commented on GEMI. Wall Street Zen lowered Gemini Space Station from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 15th. Cantor Fitzgerald dropped 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. Citigroup reduced their price objective on Gemini Space Station from $4.00 to $3.20 and set a “sell” rating on the stock in a research note on Thursday, August 20th. Mizuho set a $7.00 price objective on shares of Gemini Space Station in a report on Monday, August 17th. Finally, Morgan Stanley lowered their target price on shares of Gemini Space Station from $6.00 to $5.50 and set an “equal weight” rating for the company in a research note on Friday, July 10th. Three analysts have rated the stock with a Buy rating, seven have given a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Gemini Space Station currently has a consensus rating of “Hold” and a consensus price target of $10.84.

Gemini Space Station Stock Performance

Shares of Gemini Space Station stock opened at $5.07 on Tuesday. Gemini Space Station has a 1 year low of $3.38 and a 1 year high of $26.75. The firm’s 50-day simple moving average is $4.52 and its 200-day simple moving average is $4.67. The firm has a market cap of $657.33 million and a PE ratio of -0.52.

Gemini Space Station (NASDAQ:GEMI) last posted its quarterly earnings results on Thursday, August 13th. The company reported ($0.89) EPS for the quarter, missing analysts’ consensus estimates of ($0.71) by ($0.18). The firm had revenue of $45.48 million during 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 analysts predict that Gemini Space Station will post -3.37 earnings per share for the current year.

Institutional Investors Weigh In On Gemini Space Station

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. ParaFi Capital LP raised its position in shares of Gemini Space Station by 430.7% during the 2nd quarter. ParaFi Capital LP now owns 3,428,888 shares of the company’s stock worth $14,607,000 after buying an additional 2,782,786 shares in the last quarter. Commonwealth Bank of Australia bought a new stake in Gemini Space Station in the fourth quarter worth about $7,086,000. WINTON GROUP Ltd acquired a new stake in Gemini Space Station in the 2nd quarter valued at about $130,000. Gryphon Financial Partners LLC acquired a new stake in Gemini Space Station in the 1st quarter valued at about $145,000. Finally, Apollon Wealth Management LLC bought a new position in shares of Gemini Space Station during the 1st quarter valued at about $44,000.

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.