Gemini Space Station (NASDAQ:GEMI) Price Target Raised to $4.00

Gemini Space Station (NASDAQ:GEMI) had its target price increased by The Goldman Sachs Group from $3.50 to $4.00 in a research note published on Wednesday,Benzinga reports. The brokerage currently has a sell rating on the stock.

Other equities research analysts have also issued research reports about the company. Citigroup reduced their target price 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. Wall Street Zen downgraded Gemini Space Station from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 15th. Needham & Company LLC cut their price target on Gemini Space Station from $8.00 to $6.00 and set a “buy” rating for the company in a report on Monday, August 17th. Rosenblatt Securities cut their price target on Gemini Space Station from $9.00 to $6.00 and set a “buy” rating for the company in a report on Monday, August 17th. Finally, Truist Financial reduced their price objective on Gemini Space Station from $5.00 to $4.50 and set a “hold” rating on the stock in a research report on Friday, July 24th. Three equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $10.84.

Gemini Space Station Trading Up 1.6%

Shares of GEMI opened at $4.46 on Wednesday. The stock has a market cap of $578.24 million and a P/E ratio of -0.46. The company has a 50-day moving average of $4.29 and a two-hundred day moving average of $4.91. Gemini Space Station has a 12-month low of $3.38 and a 12-month high of $45.89.

Gemini Space Station (NASDAQ:GEMI) last announced its quarterly earnings results on Thursday, August 13th. The company reported ($0.89) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.71) by ($0.18). The business had revenue of $45.48 million during the quarter. Gemini Space Station had a negative net margin of 250.13% and a negative return on equity of 75.66%. As a group, analysts forecast that Gemini Space Station will post -3.37 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Vanguard Group Inc. acquired a new stake in shares of Gemini Space Station during the third quarter worth $25,656,000. Van ECK Associates Corp acquired a new position in Gemini Space Station in the third quarter valued at $9,328,000. Franklin Resources Inc. acquired a new position in Gemini Space Station in the third quarter valued at $2,963,000. UBS Group AG purchased a new position in Gemini Space Station during the third quarter worth about $31,994,000. Finally, Squarepoint Ops LLC purchased a new position in Gemini Space Station during the third quarter worth about $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.