Rosenblatt Securities Reiterates “Buy” Rating for Gemini Space Station (NASDAQ:GEMI)

Gemini Space Station (NASDAQ:GEMI)‘s stock had its “buy” rating reaffirmed by research analysts at Rosenblatt Securities in a research report issued to clients and investors on Monday,Benzinga reports. They currently have a $9.00 target price on the stock. Rosenblatt Securities’ price objective suggests a potential upside of 72.74% from the stock’s previous close.

GEMI has been the subject of several other research reports. Mizuho lowered their price target on shares of Gemini Space Station from $26.00 to $12.00 and set an “outperform” rating for the company in a research report on Monday, March 23rd. Citigroup reduced their price objective on shares of Gemini Space Station from $5.50 to $4.00 and set a “sell” rating for the company in a research note on Tuesday, April 28th. The Goldman Sachs Group lowered their target price on Gemini Space Station from $6.50 to $5.75 and set a “neutral” rating for the company in a report on Wednesday, April 8th. 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 report on Monday, March 23rd. Finally, Wall Street Zen upgraded Gemini Space Station from a “strong sell” rating to a “hold” rating in a report on Saturday. Three analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, Gemini Space Station presently has an average rating of “Hold” and an average price target of $12.52.

Gemini Space Station Price Performance

Shares of GEMI stock traded down $0.37 during mid-day trading on Monday, hitting $5.21. The stock had a trading volume of 2,270,942 shares, compared to its average volume of 1,909,213. Gemini Space Station has a 12-month low of $3.91 and a 12-month high of $45.89. The firm’s 50-day moving average is $5.43 and its two-hundred day moving average is $8.81. The firm has a market capitalization of $625.15 million and a P/E ratio of -1.71.

Gemini Space Station (NASDAQ:GEMI) last released its quarterly earnings data on Thursday, May 14th. The company reported ($0.93) earnings per share for the quarter, missing the consensus estimate of ($0.90) by ($0.03). The company had revenue of $50.27 million during the quarter. The firm’s quarterly revenue was up 38.3% on a year-over-year basis. Analysts expect that Gemini Space Station will post -3.56 EPS for the current year.

Insiders Place Their Bets

In other Gemini Space Station news, Director Sachin Chand Jaitly sold 39,708 shares of the company’s stock in a transaction on Wednesday, March 11th. The stock was sold at an average price of $8.92, for a total transaction of $354,195.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Hedge Funds Weigh In On Gemini Space Station

A number of large investors have recently made changes to their positions in GEMI. Gryphon Financial Partners LLC acquired a new stake in shares of Gemini Space Station in the 1st quarter worth $145,000. Apollon Wealth Management LLC purchased a new position in Gemini Space Station during the 1st quarter worth $44,000. Hsbc Holdings PLC purchased a new position in Gemini Space Station during the 4th quarter worth $174,000. Caitong International Asset Management Co. Ltd purchased a new position in Gemini Space Station during the 4th quarter worth $88,000. Finally, Aristides Capital LLC purchased a new position in Gemini Space Station during the 4th quarter worth $164,000.

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.