Dragoneer Investment Group LLC Has $8.04 Million Stake in Gemini Space Station, Inc. $GEMI

Dragoneer Investment Group LLC decreased its holdings in shares of Gemini Space Station, Inc. (NASDAQ:GEMI) by 50.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 810,000 shares of the company’s stock after selling 810,000 shares during the quarter. Gemini Space Station makes up about 0.2% of Dragoneer Investment Group LLC’s investment portfolio, making the stock its 26th biggest holding. Dragoneer Investment Group LLC owned 0.69% of Gemini Space Station worth $8,035,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the stock. Royal Bank of Canada boosted its holdings in shares of Gemini Space Station by 1,430.5% in the 4th quarter. Royal Bank of Canada now owns 23,416 shares of the company’s stock valued at $233,000 after buying an additional 21,886 shares during the last quarter. Clear Street Group Inc. acquired a new stake in shares of Gemini Space Station in the 4th quarter valued at approximately $219,000. Charles Schwab Investment Management Inc. acquired a new stake in shares of Gemini Space Station in the 4th quarter valued at approximately $973,000. State Street Corp acquired a new stake in shares of Gemini Space Station in the 4th quarter valued at approximately $849,000. Finally, Wells Fargo & Company MN boosted its holdings in shares of Gemini Space Station by 1,867.9% in the 4th quarter. Wells Fargo & Company MN now owns 51,165 shares of the company’s stock valued at $508,000 after buying an additional 48,565 shares during the last quarter.

Gemini Space Station Trading Down 8.2%

GEMI opened at $4.71 on Wednesday. Gemini Space Station, Inc. has a 1-year low of $3.91 and a 1-year high of $45.89. The stock’s fifty day simple moving average is $4.80 and its 200 day simple moving average is $7.34. The stock has a market cap of $561.86 million and a PE ratio of -1.19.

Gemini Space Station (NASDAQ:GEMI) last posted its quarterly earnings results on Thursday, May 14th. The company reported ($0.93) earnings per share 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 firm’s quarterly revenue was up 38.3% on a year-over-year basis. Equities analysts forecast that Gemini Space Station, Inc. will post -3.56 earnings per share for the current year.

Analyst Ratings Changes

Several research firms have recently commented on GEMI. Needham & Company LLC cut their price objective on Gemini Space Station from $10.00 to $8.00 and set a “buy” rating for the company in a report on Monday, March 23rd. Mizuho cut their price objective on Gemini Space Station from $26.00 to $12.00 and set an “outperform” rating for the company in a report on Monday, March 23rd. Citigroup cut their price objective 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. Rosenblatt Securities reaffirmed a “buy” rating and issued a $9.00 price objective on shares of Gemini Space Station in a research report on Monday, May 18th. Finally, The Goldman Sachs Group decreased their target price 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. Three investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, Gemini Space Station currently has an average rating of “Hold” and a consensus price target of $12.52.

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.