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

Gemini Space Station, Inc. (NASDAQ:GEMI) has been assigned a consensus rating of “Hold” from the thirteen research firms that are currently covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and three have given a buy rating to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $12.5227.

A number of brokerages have recently weighed in on GEMI. The Goldman Sachs Group dropped their target price on Gemini Space Station from $6.50 to $5.75 and set a “neutral” rating on the stock in a report on Wednesday, April 8th. Rosenblatt Securities reiterated a “buy” rating and issued a $9.00 target price on shares of Gemini Space Station in a report on Monday. Truist Financial downgraded Gemini Space Station from a “buy” rating to a “hold” rating and set a $7.00 target price on the stock. in a report on Tuesday, February 17th. Mizuho dropped their price objective on Gemini Space Station from $26.00 to $12.00 and set an “outperform” rating on the stock in a report on Monday, March 23rd. Finally, Citigroup dropped their price objective on Gemini Space Station from $5.50 to $4.00 and set a “sell” rating on the stock in a report on Tuesday, April 28th.

Gemini Space Station Price Performance

Shares of GEMI opened at $4.95 on Wednesday. The company has a market capitalization of $593.95 million and a price-to-earnings ratio of -1.25. Gemini Space Station has a fifty-two week low of $3.91 and a fifty-two week high of $45.89. The business’s 50-day moving average is $5.27 and its 200-day moving average is $8.61.

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

Insider Buying and Selling

In related news, Director Sachin Chand Jaitly sold 39,708 shares of the stock in a transaction that occurred on Wednesday, March 11th. The stock was sold at an average price of $8.92, for a total value of $354,195.36. The transaction was disclosed in a filing with the SEC, which is available at this link.

Hedge Funds Weigh In On Gemini Space Station

A number of hedge funds have recently added to or reduced their stakes in GEMI. SG Americas Securities LLC acquired a new position in Gemini Space Station in the third quarter worth approximately $325,000. Wealth Enhancement Advisory Services LLC acquired a new position in Gemini Space Station in the third quarter worth approximately $248,000. SBI Securities Co. Ltd. acquired a new position in Gemini Space Station in the third quarter worth approximately $51,000. Ground Swell Capital LLC acquired a new position in Gemini Space Station in the third quarter worth approximately $229,000. Finally, Vanguard Group Inc. acquired a new position in Gemini Space Station in the third quarter worth approximately $25,656,000.

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.