Gemini Space Station (NASDAQ:GEMI) Trading Up 8.3% – Should You Buy?

Gemini Space Station, Inc. (NASDAQ:GEMI)’s share price was up 8.3% during mid-day trading on Monday . The company traded as high as $4.45 and last traded at $4.5260. Approximately 223,976 shares traded hands during mid-day trading, a decline of 88% from the average daily volume of 1,921,839 shares. The stock had previously closed at $4.18.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on GEMI shares. The Goldman Sachs Group dropped their price target on shares of Gemini Space Station from $6.50 to $5.75 and set a “neutral” rating on the stock in a research note on Wednesday, April 8th. Weiss Ratings upgraded shares of Gemini Space Station from a “sell (e+)” rating to a “sell (d)” rating in a research note on Friday, May 22nd. Needham & Company LLC dropped their price target on shares of Gemini Space Station from $10.00 to $8.00 and set a “buy” rating on the stock in a research note on Monday, March 23rd. Wall Street Zen upgraded shares of Gemini Space Station from a “sell” rating to a “hold” rating in a research note on Sunday. Finally, Truist Financial cut shares of Gemini Space Station from a “buy” rating to a “hold” rating and set a $7.00 price target on the stock. in a research note on Tuesday, February 17th. Three research analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $12.52.

Gemini Space Station Price Performance

The company has a 50 day moving average price of $4.74 and a two-hundred day moving average price of $7.65. The stock has a market cap of $554.10 million and a PE ratio of -1.18.

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

Insider Buying and Selling at Gemini Space Station

In other news, Director Sachin Chand Jaitly sold 39,708 shares of the business’s stock in a transaction 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 legal filing with the Securities & Exchange Commission, which is available at this link.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of GEMI. Apollon Wealth Management LLC purchased a new position in shares of Gemini Space Station in the first quarter worth $44,000. SBI Securities Co. Ltd. bought a new stake in shares of Gemini Space Station in the third quarter worth $51,000. Caitong International Asset Management Co. Ltd bought a new stake in shares of Gemini Space Station in the fourth quarter worth $88,000. Engineers Gate Manager LP purchased a new stake in Gemini Space Station during the fourth quarter valued at $100,000. Finally, National Bank of Canada FI purchased a new stake in Gemini Space Station during the third quarter valued at $123,000.

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.