Gemini Space Station (NASDAQ:GEMI) Stock Price Expected to Rise, The Goldman Sachs Group Analyst Says

Gemini Space Station (NASDAQ:GEMI) had its price target upped by The Goldman Sachs Group from $3.50 to $4.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The firm presently has a “sell” rating on the stock. The Goldman Sachs Group’s price target suggests a potential downside of 13.68% from the company’s current price.

A number of other equities analysts also recently issued reports on GEMI. Truist Financial decreased their price target on shares of Gemini Space Station from $5.00 to $4.50 and set a “hold” rating for the company in a research note on Friday, July 24th. Morgan Stanley reduced their target price on Gemini Space Station from $6.00 to $5.50 and set an “equal weight” rating on the stock in a report on Friday, July 10th. Weiss Ratings lowered Gemini Space Station from a “sell (d)” rating to a “sell (e+)” rating in a research report on Friday, August 14th. Cantor Fitzgerald lowered their target price on Gemini Space Station from $7.00 to $5.00 and set a “neutral” rating for the company in a research note on Monday, August 17th. Finally, Mizuho set a $7.00 price target on Gemini Space Station in a research report on Monday, August 17th. Three equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $10.84.

Gemini Space Station Price Performance

NASDAQ:GEMI traded down $0.05 during trading hours on Wednesday, hitting $4.63. The company had a trading volume of 803,531 shares, compared to its average volume of 1,929,700. The company has a market capitalization of $600.80 million and a PE ratio of -0.48. The stock has a 50-day moving average price of $4.29 and a 200 day moving average price of $4.93. Gemini Space Station has a 52 week low of $3.38 and a 52 week high of $45.89.

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

Hedge Funds Weigh In On Gemini Space Station

Several large investors have recently made changes to their positions in GEMI. WINTON GROUP Ltd bought a new stake in shares of Gemini Space Station in the 2nd quarter worth approximately $130,000. ParaFi Capital LP raised its stake in Gemini Space Station by 430.7% during the second quarter. ParaFi Capital LP now owns 3,428,888 shares of the company’s stock valued at $14,607,000 after buying an additional 2,782,786 shares during the last quarter. Gryphon Financial Partners LLC purchased a new position in Gemini Space Station during the first quarter valued at $145,000. Apollon Wealth Management LLC bought a new stake in Gemini Space Station in the first quarter worth $44,000. Finally, Hsbc Holdings PLC purchased a new stake in shares of Gemini Space Station in the fourth quarter worth $174,000.

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.