Gemini Space Station (NASDAQ:GEMI) Rating Lowered to Sell at Wall Street Zen

Gemini Space Station (NASDAQ:GEMI) was downgraded by stock analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research note issued on Saturday.

A number of other equities research analysts have also recently issued reports on GEMI. Morgan Stanley decreased their target price on Gemini Space Station from $13.00 to $6.00 and set an “equal weight” rating for the company in a research report on Friday, April 10th. Citigroup decreased their target price on Gemini Space Station from $5.50 to $4.00 and set a “sell” rating for the company in a research report on Tuesday, April 28th. Mizuho decreased their target price on Gemini Space Station from $26.00 to $12.00 and set an “outperform” rating for the company in a research report on Monday, March 23rd. The Goldman Sachs Group decreased their target price on Gemini Space Station from $6.50 to $5.75 and set a “neutral” rating for the company in a research report on Wednesday, April 8th. Finally, Weiss Ratings raised Gemini Space Station from a “sell (e+)” rating to a “sell (d)” rating in a research report on Friday, May 22nd. Three analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, Gemini Space Station currently has an average rating of “Hold” and a consensus target price of $12.52.

Gemini Space Station Stock Up 1.3%

Shares of Gemini Space Station stock opened at $5.27 on Friday. The stock has a market capitalization of $628.66 million and a P/E ratio of -1.33. The stock has a 50 day moving average price of $4.83 and a two-hundred day moving average price of $8.00. Gemini Space Station has a 12-month low of $3.91 and a 12-month high of $45.89.

Gemini Space Station (NASDAQ:GEMI) last announced its earnings results on Thursday, May 14th. The company reported ($0.93) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.90) by ($0.03). The business had revenue of $50.27 million during the quarter. The company’s quarterly revenue was up 38.3% compared to the same quarter last year. Sell-side analysts anticipate that Gemini Space Station will post -3.56 earnings per share for the current year.

Insider Activity at Gemini Space Station

In related news, Director Sachin Chand Jaitly sold 39,708 shares of the company’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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Apollon Wealth Management LLC acquired a new position in Gemini Space Station during the first quarter worth $44,000. SBI Securities Co. Ltd. acquired a new position in Gemini Space Station during the third quarter worth $51,000. Caitong International Asset Management Co. Ltd acquired a new position in Gemini Space Station during the fourth quarter worth $88,000. Engineers Gate Manager LP acquired a new position in Gemini Space Station during the fourth quarter worth $100,000. Finally, National Bank of Canada FI acquired a new position in Gemini Space Station during the third quarter worth $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.