The Goldman Sachs Group Cuts Gemini Space Station (NASDAQ:GEMI) Price Target to $3.50

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

Other equities research analysts have also recently issued reports about the stock. Citigroup decreased their price target on shares of Gemini Space Station from $5.50 to $4.00 and set a “sell” rating on the stock in a research note on Tuesday, April 28th. Mizuho set a $7.00 price objective on shares of Gemini Space Station in a research report on Monday. Truist Financial reduced their price objective on shares of Gemini Space Station from $5.00 to $4.50 and set a “hold” rating on the stock in a research note on Friday, July 24th. Cantor Fitzgerald decreased their target price on shares of Gemini Space Station from $7.00 to $5.00 and set a “neutral” rating on the stock in a research report on Monday. Finally, Wall Street Zen cut shares of Gemini Space Station from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 15th. Three research analysts have rated the stock with a Buy rating, seven have given a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $10.86.

Gemini Space Station Stock Up 11.0%

Shares of NASDAQ:GEMI opened at $3.93 on Monday. Gemini Space Station has a 52-week low of $3.38 and a 52-week high of $45.89. The stock’s fifty day simple moving average is $4.30 and its 200-day simple moving average is $5.21. The company has a market capitalization of $468.81 million and a P/E ratio of -0.40.

Gemini Space Station (NASDAQ:GEMI) last posted its quarterly earnings data on Thursday, August 13th. The company reported ($0.89) EPS for the quarter, missing analysts’ consensus estimates of ($0.71) by ($0.18). Gemini Space Station had a negative net margin of 250.13% and a negative return on equity of 75.66%. The company had revenue of $45.48 million for the quarter. On average, sell-side analysts anticipate that Gemini Space Station will post -3.37 earnings per share for the current year.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Apollon Wealth Management LLC acquired a new stake in shares of Gemini Space Station in the first quarter worth approximately $44,000. Caitong International Asset Management Co. Ltd acquired a new position in Gemini Space Station during the fourth quarter worth approximately $88,000. SBI Securities Co. Ltd. raised its stake in Gemini Space Station by 362.1% during the fourth quarter. SBI Securities Co. Ltd. now owns 9,930 shares of the company’s stock worth $99,000 after purchasing an additional 7,781 shares during the period. Engineers Gate Manager LP purchased a new position in Gemini Space Station during the fourth quarter worth approximately $100,000. Finally, National Bank of Canada FI acquired a new position in shares of Gemini Space Station in the 3rd 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.