Gemini Space Station (NASDAQ:GEMI) Trading Up 9.1% – What’s Next?

Gemini Space Station, Inc. (NASDAQ:GEMI)’s share price rose 9.1% during mid-day trading on Friday . The company traded as high as $7.47 and last traded at $7.31. Approximately 404,388 shares changed hands during mid-day trading, a decline of 73% from the average daily volume of 1,474,799 shares. The stock had previously closed at $6.70.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on GEMI shares. Citigroup reduced their price objective on shares of Gemini Space Station from $16.00 to $13.00 and set a “neutral” rating on the stock in a report on Monday, December 22nd. Truist Financial cut their price target on Gemini Space Station from $28.00 to $17.00 and set a “buy” rating on the stock in a research note on Tuesday, November 25th. Morgan Stanley lowered their price objective on Gemini Space Station from $29.00 to $13.00 and set an “equal weight” rating for the company in a research report on Monday, December 22nd. The Goldman Sachs Group dropped their price objective on Gemini Space Station from $19.00 to $17.00 and set a “neutral” rating on the stock in a report on Friday, December 5th. Finally, Evercore ISI cut Gemini Space Station from an “outperform” rating to an “in-line” rating and set a $10.00 target price for the company. in a research note on Friday, February 6th. Five investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $20.08.

Gemini Space Station Stock Performance

The stock has a market cap of $901.20 million and a price-to-earnings ratio of -4.23. The company has a 50-day moving average price of $10.15.

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

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. SBI Securities Co. Ltd. acquired a new position in Gemini Space Station in the 3rd quarter valued at about $51,000. National Bank of Canada FI acquired a new stake in Gemini Space Station during the 3rd quarter worth approximately $123,000. Man Group plc purchased a new position in shares of Gemini Space Station in the 3rd quarter valued at approximately $201,000. Sandia Investment Management LP acquired a new position in shares of Gemini Space Station in the third quarter valued at approximately $228,000. Finally, Ground Swell Capital LLC acquired a new stake in shares of Gemini Space Station during the third quarter worth $229,000.

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.