Gemini Space Station (NASDAQ:GEMI) Stock Rating Upgraded by Wall Street Zen

Gemini Space Station (NASDAQ:GEMI) was upgraded by research analysts at Wall Street Zen from a “strong sell” rating to a “sell” rating in a note issued to investors on Saturday, Wall Street Zen reports.

Several other research firms have also weighed in on GEMI. Rosenblatt Securities reduced their target price on shares of Gemini Space Station from $9.00 to $6.00 and set a “buy” rating on the stock in a report on Monday, August 17th. Citigroup upgraded 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 report on Tuesday, October 13th. Truist Financial cut their price objective on Gemini Space Station from $4.50 to $3.50 and set a “hold” rating on the stock in a research report on Friday, October 23rd. Morgan Stanley cut Gemini Space Station from an “equal weight” rating to an “underweight” rating and set a $4.75 price objective on the stock. in a research note on Friday, October 9th. Finally, The Goldman Sachs Group upped their target price on Gemini Space Station from $3.50 to $4.00 and gave the stock a “sell” rating in a research report on Wednesday, September 9th. Three research analysts have rated the stock with a Buy rating, five have issued a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $5.67.

Gemini Space Station Stock Performance

NASDAQ GEMI opened at $2.38 on Friday. Gemini Space Station has a one year low of $2.31 and a one year high of $15.27. The company’s 50 day moving average price is $3.99 and its 200 day moving average price is $4.90.

Gemini Space Station (NASDAQ:GEMI) last released its quarterly earnings data on Friday, November 13th. The company reported ($0.46) earnings per share (EPS) for the quarter, topping the consensus estimate of ($1.13) by $0.67. Gemini Space Station had a negative net margin of 211.28% and a negative return on equity of 90.47%. The company had revenue of $40.88 million during the quarter. Equities analysts anticipate that Gemini Space Station will post -3.26 earnings per share for the current year.

Institutional Investors Weigh In On Gemini Space Station

Several hedge funds and other institutional investors have recently added to or reduced their stakes in GEMI. Focus Advisor Solutions LLC acquired a new position in Gemini Space Station during the 3rd quarter worth $67,000. M Holdings Securities Inc. acquired a new stake in shares of Gemini Space Station in the 3rd quarter valued at about $81,000. Apollon Wealth Management LLC raised its stake in shares of Gemini Space Station by 96.4% in the 3rd quarter. Apollon Wealth Management LLC now owns 40,780 shares of the company’s stock valued at $210,000 after purchasing an additional 20,014 shares in the last quarter. Vise Technologies Inc. bought a new position in shares of Gemini Space Station during the third quarter worth about $115,000. Finally, Vontobel Holding Ltd. lifted its position 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 worth $305,000 after purchasing an additional 23,235 shares during the last quarter.

Gemini Space Station News Roundup

Here’s some of the latest news about GEMI:

• Positive Sentiment: Gemini’s quarterly loss was narrower than a year earlier and better than analysts expected, while operating expenses declined 30% year over year. That combination may support optimism about efforts to reduce losses. Zacks earnings report
• Neutral Sentiment: Services revenue and interest income made up 59% of net revenue, showing some diversification beyond trading. Gemini also reportedly sold its U.K. and European businesses to KAST for under $10 million; the deal could help streamline operations, though the reported sale price is modest. Gemini Q3 results Report on U.K. and European unit sale
• Negative Sentiment: Revenue fell 19% to $40.9 million and missed estimates, as platform spot trading volume plunged 73% year over year. The steep decline highlights Gemini’s exposure to weaker trading activity and may offset the benefit of lower expenses and a smaller loss. Article on revenue and trading volume

About Gemini Space Station

Gemini Space Station, Inc. operates a cryptocurrency platform offering services to individual and institutional customers. Its products include digital-asset trading and custody, along with tools and services for institutions. Founded in 2014 by Cameron and Tyler Winklevoss, the company is based in New York. Gemini also issues the Gemini dollar, a U.S. dollar–pegged stablecoin. Gemini serves customers in the United States and select international markets, with product availability varying by location and local regulations.