Gemini Space Station (NASDAQ:GEMI) Reaches New 1-Year Low – What’s Next?

Gemini Space Station, Inc. (NASDAQ:GEMI) hit a new 52-week low on Monday . The company traded as low as $9.51 and last traded at $9.68, with a volume of 219939 shares traded. The stock had previously closed at $9.72.

Analyst Ratings Changes

GEMI has been the topic of several recent analyst reports. Evercore ISI dropped their price objective on Gemini Space Station from $30.00 to $15.00 and set an “outperform” rating on the stock in a research report on Friday, November 28th. Keefe, Bruyette & Woods began coverage on Gemini Space Station in a report on Tuesday, October 7th. They set a “market perform” rating and a $27.00 price target on the stock. Needham & Company LLC lowered their target price on Gemini Space Station from $35.00 to $23.00 and set a “buy” rating on the stock in a report on Monday, December 29th. Wall Street Zen downgraded Gemini Space Station from a “hold” rating to a “sell” rating in a research note on Saturday, October 11th. Finally, Cantor Fitzgerald reiterated an “overweight” rating on shares of Gemini Space Station in a research note on Thursday, December 11th. Six equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $22.45.

Gemini Space Station Stock Performance

The company has a 50-day moving average price of $10.85. The firm has a market cap of $1.07 billion and a PE ratio of -5.04.

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

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Dragoneer Investment Group LLC purchased a new position in Gemini Space Station during the 3rd quarter valued at approximately $38,815,000. Altimeter Capital Management LP bought a new stake in Gemini Space Station in the third quarter worth $38,336,000. UBS Group AG purchased a new stake in Gemini Space Station during the third quarter valued at $31,994,000. Vanguard Group Inc. purchased a new stake in Gemini Space Station during the third quarter valued at $25,656,000. Finally, Squarepoint Ops LLC purchased a new position in shares of Gemini Space Station in the 3rd quarter worth $9,547,000.

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.