Analysts Set Gemini Space Station, Inc. (NASDAQ:GEMI) Price Target at $12.52

Shares of Gemini Space Station, Inc. (NASDAQ:GEMI) have been assigned an average rating of “Hold” from the thirteen analysts that are currently covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, eight have given a hold recommendation and three have given a buy recommendation to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $12.4773.

Several research firms have recently issued reports on GEMI. Wall Street Zen downgraded shares of Gemini Space Station from a “hold” rating to a “sell” rating in a report on Monday, June 15th. Weiss Ratings raised Gemini Space Station from a “sell (e+)” rating to a “sell (d)” rating in a research 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 research note on Wednesday, April 8th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $9.00 price target on shares of Gemini Space Station in a report on Monday, May 18th. Finally, Needham & Company LLC reduced their price objective on Gemini Space Station from $10.00 to $8.00 and set a “buy” rating for the company in a research report on Monday, March 23rd.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of GEMI. Apollon Wealth Management LLC acquired a new stake in Gemini Space Station during the first quarter worth $44,000. Caitong International Asset Management Co. Ltd acquired a new position in shares of Gemini Space Station in the 4th quarter valued at $88,000. SBI Securities Co. Ltd. lifted its holdings in shares of Gemini Space Station by 362.1% during the 4th quarter. SBI Securities Co. Ltd. now owns 9,930 shares of the company’s stock worth $99,000 after acquiring an additional 7,781 shares during the period. Engineers Gate Manager LP acquired a new stake in shares of Gemini Space Station during the 4th quarter valued at about $100,000. Finally, National Bank of Canada FI acquired a new stake in shares of Gemini Space Station during the 3rd quarter valued at about $123,000.

Gemini Space Station Trading Up 7.6%

NASDAQ:GEMI opened at $4.67 on Thursday. The firm’s fifty day simple moving average is $4.69 and its 200 day simple moving average is $6.29. The firm has a market capitalization of $557.08 million and a PE ratio of -1.18. Gemini Space Station has a 1 year low of $3.83 and a 1 year 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 for the quarter, missing the consensus estimate 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. As a group, analysts anticipate that Gemini Space Station will post -3.37 EPS 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.