Gemini Space Station, Inc. (NASDAQ:GEMI) Receives $13.36 Average PT from Analysts

Shares of Gemini Space Station, Inc. (NASDAQ:GEMI) have been given a consensus recommendation of “Hold” by the thirteen ratings firms that are covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a sell rating, eight have given a hold rating and three have assigned a buy rating to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $13.3636.

Several analysts recently issued reports on GEMI shares. Citigroup lowered shares of Gemini Space Station from a “neutral” rating to a “sell” rating and reduced their price target for the stock from $13.00 to $5.50 in a research report on Wednesday, March 18th. Evercore downgraded Gemini Space Station from an “outperform” rating to an “in-line” rating and set a $10.00 target price on the stock. in a report on Friday, February 6th. Weiss Ratings reissued a “sell (d)” rating on shares of Gemini Space Station in a report on Monday, December 29th. Mizuho reduced their price objective on Gemini Space Station from $26.00 to $12.00 and set an “outperform” rating on the stock in a research note on Monday, March 23rd. Finally, Truist Financial downgraded Gemini Space Station from a “buy” rating to a “hold” rating and set a $7.00 target price for the company. in a research note on Tuesday, February 17th.

Insider Buying and Selling

In related news, Director Sachin Chand Jaitly sold 39,708 shares of the stock in a transaction that occurred on Wednesday, March 11th. The shares were sold at an average price of $8.92, for a total value of $354,195.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of GEMI. SBI Securities Co. Ltd. acquired a new position in Gemini Space Station in the 3rd quarter worth about $51,000. National Bank of Canada FI bought a new stake in shares of Gemini Space Station during the third quarter worth about $123,000. Man Group plc acquired a new position in shares of Gemini Space Station in the third quarter valued at approximately $201,000. Caitong International Asset Management Co. Ltd bought a new position in Gemini Space Station in the 4th quarter valued at approximately $88,000. Finally, Sandia Investment Management LP bought a new position in Gemini Space Station in the 3rd quarter valued at approximately $228,000.

Gemini Space Station Stock Performance

Shares of NASDAQ:GEMI opened at $4.29 on Tuesday. Gemini Space Station has a 12-month low of $3.91 and a 12-month high of $45.89. The stock’s 50 day moving average price is $6.81. The company has a market capitalization of $504.72 million and a PE ratio of -1.42.

Gemini Space Station (NASDAQ:GEMI) last announced its earnings results on Thursday, March 19th. The company reported ($1.22) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.06) by ($0.16). The firm had revenue of $60.34 million during the quarter.

Gemini Space Station Company Profile

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.