Gemini Space Station (NASDAQ:GEMI) Trading Up 8.3% – Should You Buy?

Gemini Space Station, Inc. (NASDAQ:GEMI)’s share price shot up 8.3% during trading on Monday . The company traded as high as $4.45 and last traded at $4.5260. 223,976 shares were traded during trading, a decline of 88% from the average session volume of 1,921,839 shares. The stock had previously closed at $4.18.

Analysts Set New Price Targets

A number of analysts recently commented on GEMI shares. Citigroup dropped their price target on Gemini Space Station from $5.50 to $4.00 and set a “sell” rating for the company in a research note on Tuesday, April 28th. The Goldman Sachs Group dropped their price target on Gemini Space Station from $6.50 to $5.75 and set a “neutral” rating for the company in a research note on Wednesday, April 8th. Morgan Stanley dropped their price target on Gemini Space Station from $13.00 to $6.00 and set an “equal weight” rating for the company in a research note on Friday, April 10th. Weiss Ratings raised Gemini Space Station from a “sell (e+)” rating to a “sell (d)” rating in a research note on Friday, May 22nd. Finally, Mizuho dropped their price target on Gemini Space Station from $26.00 to $12.00 and set an “outperform” rating for the company in a research note on Monday, March 23rd. Three analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, Gemini Space Station currently has a consensus rating of “Hold” and an average target price of $12.52.

Gemini Space Station Price Performance

The company has a market capitalization of $554.10 million and a PE ratio of -1.18. The company has a 50 day moving average of $4.74 and a two-hundred day moving average of $7.65.

Gemini Space Station (NASDAQ:GEMI) last issued its quarterly 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 firm’s revenue was up 38.3% compared to the same quarter last year. On average, equities analysts anticipate that Gemini Space Station, Inc. will post -3.56 EPS for the current year.

Insiders Place Their Bets

In related news, Director Sachin Chand Jaitly sold 39,708 shares of the company’s stock in a transaction on Wednesday, March 11th. The stock was sold at an average price of $8.92, for a total value of $354,195.36. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Institutional Investors Weigh In On Gemini Space Station

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Dragoneer Investment Group LLC purchased a new stake in Gemini Space Station in the third quarter worth $38,815,000. Altimeter Capital Management LP purchased a new stake in Gemini Space Station in the third quarter worth $38,336,000. UBS Group AG bought a new stake in Gemini Space Station in the third quarter worth $31,994,000. Vanguard Group Inc. bought a new stake in Gemini Space Station in the third quarter worth $25,656,000. Finally, Commonwealth Bank of Australia bought a new stake in Gemini Space Station in the fourth quarter worth $7,086,000.

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.