Gemini Space Station, Inc. (NASDAQ:GEMI) Given Consensus Rating of “Hold” by Analysts

Shares of Gemini Space Station, Inc. (NASDAQ:GEMI) have earned a consensus rating of “Hold” from the thirteen brokerages that are covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, six have issued a hold recommendation and six have given a buy recommendation to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $23.5455.

A number of equities research analysts have weighed in on GEMI shares. Evercore ISI lowered their price objective on Gemini Space Station from $30.00 to $15.00 and set an “outperform” rating on the stock in a report on Friday, November 28th. Zacks Research upgraded shares of Gemini Space Station to a “hold” rating in a research report on Wednesday, October 8th. Truist Financial reduced their price target on shares of Gemini Space Station from $28.00 to $17.00 and set a “buy” rating for the company in a research report on Tuesday, November 25th. Mizuho lowered their price target on Gemini Space Station from $30.00 to $26.00 and set an “outperform” rating on the stock in a report on Wednesday. Finally, Needham & Company LLC reduced their price objective on Gemini Space Station from $42.00 to $35.00 and set a “buy” rating for the company in a report on Tuesday, November 11th.

Institutional Investors Weigh In On Gemini Space Station

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

Gemini Space Station Trading Down 6.4%

NASDAQ:GEMI opened at $10.64 on Friday. Gemini Space Station has a 12-month low of $9.67 and a 12-month high of $45.89. The company has a 50 day moving average of $13.74.

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 the consensus estimate of ($0.82) by ($0.99). The business had revenue of $50.62 million for the quarter, compared to the consensus estimate of $45.87 million.

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.