Gemini Space Station (NASDAQ:GEMI) Stock Rating Lowered by Wall Street Zen

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

A number of other analysts have also recently issued reports on the company. Truist Financial dropped their price objective on Gemini Space Station from $5.00 to $4.50 and set a “hold” rating on the stock in a report on Friday, July 24th. Rosenblatt Securities reaffirmed a “buy” rating and set a $9.00 target price on shares of Gemini Space Station in a report on Monday, May 18th. The Goldman Sachs Group cut Gemini Space Station from a “neutral” rating to a “sell” rating and set a $4.00 price target on the stock. in a research report on Wednesday, July 29th. Citigroup lowered their price target on shares of Gemini Space Station from $5.50 to $4.00 and set a “sell” rating on the stock in a report on Tuesday, April 28th. Finally, Weiss Ratings upgraded shares of Gemini Space Station from a “sell (e+)” rating to a “sell (d)” rating in a research report on Friday, May 22nd. Three equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $12.09.

Gemini Space Station Price Performance

Shares of GEMI stock opened at $3.92 on Friday. The stock has a market capitalization of $467.62 million and a price-to-earnings ratio of -0.40. The company’s fifty day simple moving average is $4.35 and its two-hundred day simple moving average is $5.32. Gemini Space Station has a 1 year low of $3.74 and a 1 year high of $45.89.

Gemini Space Station (NASDAQ:GEMI) last posted its quarterly earnings results on Thursday, August 13th. The company reported ($0.89) EPS for the quarter, missing analysts’ consensus estimates of ($0.71) by ($0.18). The company had revenue of $45.48 million during the quarter. Gemini Space Station had a negative return on equity of 75.66% and a negative net margin of 250.13%. Equities research analysts anticipate that Gemini Space Station will post -3.37 EPS for the current year.

Hedge Funds Weigh In On Gemini Space Station

A number of institutional investors have recently added to or reduced their stakes in GEMI. Apollon Wealth Management LLC purchased a new stake in shares of Gemini Space Station in the 1st quarter valued at about $44,000. Caitong International Asset Management Co. Ltd purchased a new position in shares of Gemini Space Station during the fourth quarter worth about $88,000. SBI Securities Co. Ltd. grew its holdings in shares of Gemini Space Station by 362.1% during the fourth quarter. SBI Securities Co. Ltd. now owns 9,930 shares of the company’s stock worth $99,000 after purchasing an additional 7,781 shares in the last quarter. Engineers Gate Manager LP bought a new position in shares of Gemini Space Station in the fourth quarter worth approximately $100,000. Finally, National Bank of Canada FI bought a new position in shares of Gemini Space Station in the third quarter worth approximately $123,000.

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.