Gemini Space Station (NASDAQ:GEMI) Stock Price Up 5.8% – Should You Buy?

Gemini Space Station, Inc. (NASDAQ:GEMI)’s stock price was up 5.8% during trading on Wednesday . The company traded as high as $11.09 and last traded at $11.07. Approximately 250,888 shares traded hands during mid-day trading, a decline of 82% from the average daily volume of 1,392,132 shares. The stock had previously closed at $10.46.

Wall Street Analysts Forecast Growth

Several analysts have commented on the company. Evercore ISI lowered their price target on Gemini Space Station from $30.00 to $15.00 and set an “outperform” rating for the company in a report on Friday, November 28th. Wall Street Zen downgraded Gemini Space Station from a “hold” rating to a “sell” rating in a research report on Saturday, October 11th. Keefe, Bruyette & Woods began coverage on Gemini Space Station in a research report on Tuesday, October 7th. They set a “market perform” rating and a $27.00 price target on the stock. Mizuho lowered their price objective on shares of Gemini Space Station from $30.00 to $26.00 and set an “outperform” rating for the company in a research report on Wednesday, December 24th. Finally, Barclays assumed coverage on shares of Gemini Space Station in a research report on Tuesday, October 7th. They set an “equal weight” rating and a $41.00 target price on the stock. Six analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $22.45.

Gemini Space Station Stock Up 4.6%

The stock’s 50 day moving average is $11.36. The company has a market cap of $1.29 billion and a P/E ratio of -6.04.

Gemini Space Station (NASDAQ:GEMI) last announced its earnings results on Monday, November 10th. The company reported ($1.81) earnings per share for the quarter, missing the consensus estimate of ($0.82) by ($0.99). The company had revenue of $50.62 million during the quarter, compared to analyst estimates of $45.87 million.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in GEMI. SG Americas Securities LLC purchased a new position in shares of Gemini Space Station during the 3rd quarter valued at $325,000. Wealth Enhancement Advisory Services LLC acquired a new position in Gemini Space Station in the 3rd quarter worth about $248,000. SBI Securities Co. Ltd. acquired a new stake in shares of Gemini Space Station during the 3rd quarter valued at about $51,000. Ground Swell Capital LLC bought a new stake in shares of Gemini Space Station in the 3rd quarter valued at approximately $229,000. Finally, Vanguard Group Inc. bought a new position in Gemini Space Station during the third quarter valued at approximately $25,656,000.

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.