Gemini Space Station, Inc. (NASDAQ:GEMI) Receives $12.52 Consensus Price Target from Analysts

Shares of Gemini Space Station, Inc. (NASDAQ:GEMI) have been assigned a consensus recommendation of “Hold” from the thirteen ratings firms that are presently covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, eight have given a hold recommendation and three have issued a buy recommendation on the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $12.5227.

Several research analysts have recently commented on GEMI shares. Mizuho lowered their price target 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. Weiss Ratings upgraded Gemini Space Station from a “sell (e+)” rating to a “sell (d)” rating in a report on Friday, May 22nd. Needham & Company LLC decreased their target price on Gemini Space Station from $10.00 to $8.00 and set a “buy” rating on the stock in a research note on Monday, March 23rd. Morgan Stanley lowered their target price on Gemini Space Station from $13.00 to $6.00 and set an “equal weight” rating for the company in a report on Friday, April 10th. Finally, The Goldman Sachs Group cut their price target on shares of Gemini Space Station from $6.50 to $5.75 and set a “neutral” rating on the stock in a research note on Wednesday, April 8th.

Institutional Investors Weigh In On Gemini Space Station

Several large investors have recently added to or reduced their stakes in GEMI. Vanguard Group Inc. purchased a new position in Gemini Space Station in the 3rd quarter valued at approximately $25,656,000. BIT Capital GmbH purchased a new stake in shares of Gemini Space Station during the third quarter worth $1,441,000. TD Asset Management Inc acquired a new stake in shares of Gemini Space Station in the third quarter valued at $415,000. Ninepoint Partners LP acquired a new stake in shares of Gemini Space Station in the third quarter valued at $719,000. Finally, Monashee Investment Management LLC purchased a new position in Gemini Space Station in the third quarter valued at $1,438,000.

Gemini Space Station Price Performance

Shares of GEMI opened at $4.71 on Friday. The firm has a 50-day simple moving average of $4.81 and a two-hundred day simple moving average of $7.25. The stock has a market cap of $561.86 million and a PE ratio of -1.19. Gemini Space Station has a 1-year low of $3.91 and a 1-year high of $45.89.

Gemini Space Station (NASDAQ:GEMI) last issued its quarterly earnings data on Thursday, May 14th. The company reported ($0.93) EPS for the quarter, missing the consensus estimate of ($0.90) by ($0.03). The firm had revenue of $50.27 million for the quarter. The firm’s revenue for the quarter was up 38.3% on a year-over-year basis. As a group, sell-side analysts expect that Gemini Space Station will post -3.56 earnings per share for the current fiscal year.

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.