Gemini Space Station (NASDAQ:GEMI) Downgraded to “Strong Sell” Rating by Wall Street Zen

Wall Street Zen cut shares of Gemini Space Station (NASDAQ:GEMI) from a sell rating to a strong sell rating in a research report report published on Saturday.

Other research analysts have also issued reports about the stock. The Goldman Sachs Group lowered shares of Gemini Space Station from a “neutral” rating to a “sell” rating and set a $4.00 target price for the company. in a research note on Wednesday, July 29th. Rosenblatt Securities restated a “buy” rating and issued a $9.00 price target on shares of Gemini Space Station in a research note on Monday, May 18th. Citigroup cut their price target 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. Morgan Stanley reduced their price objective on Gemini Space Station from $6.00 to $5.50 and set an “equal weight” rating for the company in a research report on Friday, July 10th. Finally, Weiss Ratings raised Gemini Space Station from a “sell (e+)” rating to a “sell (d)” rating in a report on Friday, May 22nd. Three equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat, Gemini Space Station has a consensus rating of “Hold” and an average price target of $12.09.

Gemini Space Station Stock Performance

Shares of GEMI opened at $3.92 on Friday. Gemini Space Station has a 1 year low of $3.74 and a 1 year high of $45.89. The company has a market cap of $467.62 million and a price-to-earnings ratio of -0.40. The firm has a fifty day moving average of $4.35 and a 200-day moving average of $5.35.

Gemini Space Station (NASDAQ:GEMI) last released its quarterly earnings results on Thursday, August 13th. The company reported ($0.89) EPS for the quarter, missing the consensus estimate of ($0.71) by ($0.18). Gemini Space Station had a negative return on equity of 72.84% and a negative net margin of 250.13%.The firm had revenue of $45.48 million for the quarter. Analysts predict that Gemini Space Station will post -3.37 EPS for the current year.

Hedge Funds Weigh In On Gemini Space Station

A number of institutional investors and hedge funds have recently bought and sold shares of GEMI. UBS Group AG bought a new stake in shares of Gemini Space Station during the 3rd quarter worth about $31,994,000. Vanguard Group Inc. acquired a new stake in shares of Gemini Space Station in the 3rd quarter worth approximately $25,656,000. Commonwealth Bank of Australia acquired a new position in shares of Gemini Space Station during the fourth quarter valued at approximately $7,086,000. Geode Capital Management LLC increased its stake in shares of Gemini Space Station by 1,220.7% during the fourth quarter. Geode Capital Management LLC now owns 484,571 shares of the company’s stock valued at $4,808,000 after acquiring an additional 447,881 shares during the period. Finally, Squarepoint Ops LLC bought a new stake in Gemini Space Station during the third quarter worth approximately $9,547,000.

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.