Gemini Space Station (NASDAQ:GEMI) Trading Up 7.3% – What’s Next?

Shares of Gemini Space Station, Inc. (NASDAQ:GEMI) were up 7.3% on Thursday . The company traded as high as $4.64 and last traded at $4.6040. 225,626 shares were traded during trading, a decline of 88% from the average daily volume of 1,914,025 shares. The stock had previously closed at $4.29.

Analysts Set New Price Targets

A number of analysts recently weighed in on GEMI shares. Cantor Fitzgerald decreased their price target on shares of Gemini Space Station from $7.00 to $5.00 and set a “neutral” rating for the company in a research report on Monday, August 17th. Needham & Company LLC lowered their target price on Gemini Space Station from $8.00 to $6.00 and set a “buy” rating for the company in a research note on Monday, August 17th. Truist Financial decreased their price target on Gemini Space Station from $5.00 to $4.50 and set a “hold” rating for the company in a report on Friday, July 24th. Rosenblatt Securities lowered their price objective on shares of Gemini Space Station from $9.00 to $6.00 and set a “buy” rating for the company in a research report on Monday, August 17th. Finally, Mizuho set a $7.00 target price on shares of Gemini Space Station in a research report on Monday, August 17th. Three equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $10.79.

Gemini Space Station Stock Performance

The firm has a market cap of $617.78 million and a P/E ratio of -0.49. The firm has a fifty day moving average of $4.24 and a 200-day moving average of $5.00.

Gemini Space Station (NASDAQ:GEMI) last posted its 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). 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%. Equities research analysts expect that Gemini Space Station, Inc. will post -3.37 earnings per share for the current year.

Institutional Investors Weigh In On Gemini Space Station

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. acquired a new position in Gemini Space Station in the 3rd quarter worth approximately $25,656,000. Van ECK Associates Corp acquired a new stake in shares of Gemini Space Station during the 3rd quarter valued at $9,328,000. Franklin Resources Inc. purchased a new position in shares of Gemini Space Station during the 3rd quarter valued at $2,963,000. UBS Group AG acquired a new position in shares of Gemini Space Station in the third quarter worth $31,994,000. Finally, Squarepoint Ops LLC purchased a new stake in shares of Gemini Space Station during the third quarter worth $9,547,000.

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.