Gemini Space Station (NASDAQ:GEMI) Upgraded to Hold at Wall Street Zen

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

A number of other research firms have also recently commented on GEMI. Cantor Fitzgerald reissued a “neutral” rating and issued a $8.00 price target (down from $14.00) on shares of Gemini Space Station in a report on Wednesday, February 18th. Truist Financial cut Gemini Space Station from a “buy” rating to a “hold” rating and set a $7.00 price target on the stock. in a report on Tuesday, February 17th. Weiss Ratings raised Gemini Space Station from a “sell (e+)” rating to a “sell (d)” rating in a report on Friday, May 22nd. The Goldman Sachs Group lowered their price target on Gemini Space Station from $6.50 to $5.75 and set a “neutral” rating on the stock in a report on Wednesday, April 8th. Finally, Mizuho lowered their price target on Gemini Space Station from $26.00 to $12.00 and set an “outperform” rating on the stock in a report on Monday, March 23rd. Three research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $12.52.

Gemini Space Station Trading Down 9.5%

Shares of NASDAQ:GEMI opened at $4.18 on Friday. The stock has a 50 day moving average of $4.74 and a 200 day moving average of $7.67. The company has a market cap of $498.63 million and a PE ratio of -1.06. 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 quarterly earnings data 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 company had revenue of $50.27 million during the quarter. The business’s quarterly revenue was up 38.3% on a year-over-year basis. Equities research analysts predict that Gemini Space Station will post -3.56 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director Sachin Chand Jaitly sold 39,708 shares of the stock in a transaction on Wednesday, March 11th. The stock was sold at an average price of $8.92, for a total transaction of $354,195.36. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Institutional Trading of Gemini Space Station

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Dragoneer Investment Group LLC purchased a new stake in Gemini Space Station during the 3rd quarter valued at $38,815,000. Altimeter Capital Management LP purchased a new stake in Gemini Space Station during the 3rd quarter valued at $38,336,000. UBS Group AG purchased a new stake in Gemini Space Station during the 3rd quarter valued at $31,994,000. Vanguard Group Inc. purchased a new stake in Gemini Space Station during the 3rd quarter valued at $25,656,000. Finally, Commonwealth Bank of Australia purchased a new stake in Gemini Space Station during the 4th quarter valued at $7,086,000.

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.