Gemini Space Station, Inc. (NASDAQ:GEMI) Stock Has Average Price Target of $5.78 According to Brokerages

Gemini Space Station, Inc. (NASDAQ:GEMI) has received a consensus rating of “Hold” from the eleven brokerages that are currently covering the firm, MarketBeat Ratings reports. Three analysts have rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $5.78.

Several analysts have recently commented on the stock. Citigroup upgraded shares of Gemini Space Station from a “sell” rating to a “neutral” rating and increased their price target for the company from $3.20 to $4.75 in a research report on Tuesday. Cantor Fitzgerald dropped their price objective on shares of Gemini Space Station from $7.00 to $5.00 and set a “neutral” rating for the company in a research note on Monday, August 17th. Keefe, Bruyette & Woods upgraded Gemini Space Station to a “hold” rating in a research report on Tuesday, September 29th. Rosenblatt Securities reduced their target price on Gemini Space Station from $9.00 to $6.00 and set a “buy” rating on the stock in a research note on Monday, August 17th. Finally, The Goldman Sachs Group increased their target price on Gemini Space Station from $3.50 to $4.00 and gave the company a “sell” rating in a report on Wednesday, September 9th.

Hedge Funds Weigh In On Gemini Space Station

Institutional investors have recently made changes to their positions in the stock. ParaFi Capital LP lifted its position in shares of Gemini Space Station by 430.7% in the second quarter. ParaFi Capital LP now owns 3,428,888 shares of the company’s stock valued at $14,607,000 after acquiring an additional 2,782,786 shares in the last quarter. Vontobel Holding Ltd. boosted its stake in shares of Gemini Space Station by 64.7% during the third quarter. Vontobel Holding Ltd. now owns 59,125 shares of the company’s stock valued at $305,000 after acquiring an additional 23,235 shares during the last quarter. Aristides Capital LLC purchased a new stake in Gemini Space Station during the 4th quarter worth about $164,000. Gryphon Financial Partners LLC purchased a new stake in Gemini Space Station during the 1st quarter worth about $145,000. Finally, WINTON GROUP Ltd purchased a new stake in Gemini Space Station during the 2nd quarter worth about $130,000.

Gemini Space Station Stock Down 8.0%

Shares of Gemini Space Station stock traded down $0.31 on Friday, hitting $3.57. The company’s stock had a trading volume of 1,580,184 shares, compared to its average volume of 2,836,570. The company has a market capitalization of $462.85 million and a P/E ratio of -0.37. Gemini Space Station has a 52-week low of $3.38 and a 52-week high of $20.93. The firm has a fifty day moving average price of $4.55 and a 200-day moving average price of $4.57.

Gemini Space Station (NASDAQ:GEMI) last posted its earnings results on Thursday, August 13th. The company reported ($0.89) earnings per share for the quarter, missing the consensus estimate of ($0.71) by ($0.18). The business had revenue of $45.48 million for 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 expect that Gemini Space Station will post -3.26 earnings per share for the current year.

About Gemini Space Station

Gemini Space Station, Inc operates Gemini, a cryptocurrency platform founded by Cameron and Tyler Winklevoss in 2014. The company provides individuals and institutions with services for buying, selling, trading, storing and transferring digital assets.

Its offerings include a digital-asset exchange, custodial services, institutional trading tools, staking services and other products designed to support cryptocurrency investing and blockchain-based transactions. Gemini has also offered products connected with digital-asset payments and rewards, subject to applicable regulatory requirements and geographic availability.

The company serves customers in the United States and selected international markets through its online platform and related services.