Gemini Space Station (NASDAQ:GEMI) Shares Up 6.7% – Should You Buy?

Gemini Space Station, Inc. (NASDAQ:GEMI)’s stock price was up 6.7% on Monday . The company traded as high as $4.62 and last traded at $4.5680. Approximately 1,531,786 shares changed hands during trading, a decline of 18% from the average session volume of 1,866,572 shares. The stock had previously closed at $4.28.

Analyst Ratings Changes

Several brokerages have recently issued reports on GEMI. The Goldman Sachs Group lowered their price objective on shares of Gemini Space Station from $4.00 to $3.50 and set a “sell” rating for the company in a research note on Monday, August 17th. Wall Street Zen cut Gemini Space Station from a “sell” rating to a “strong sell” rating in a report on Saturday, August 15th. Rosenblatt Securities lowered their price target on Gemini Space Station from $9.00 to $6.00 and set a “buy” rating for the company in a research report on Monday, August 17th. Morgan Stanley dropped their price target on Gemini Space Station from $6.00 to $5.50 and set an “equal weight” rating for the company in a research note on Friday, July 10th. Finally, Needham & Company LLC cut their price objective on Gemini Space Station from $8.00 to $6.00 and set a “buy” rating on the stock in a 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 issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $10.79.

Gemini Space Station Stock Up 1.1%

The stock has a 50 day simple moving average of $4.28 and a 200 day simple moving average of $5.16. The company has a market cap of $560.74 million and a price-to-earnings ratio of -0.45.

Gemini Space Station (NASDAQ:GEMI) last announced its earnings results on Thursday, August 13th. The company reported ($0.89) EPS for the quarter, missing the consensus estimate of ($0.71) by ($0.18). The company had revenue of $45.48 million for the quarter. Gemini Space Station had a negative net margin of 250.13% and a negative return on equity of 75.66%. As a group, equities research analysts expect that Gemini Space Station, Inc. will post -3.37 EPS for the current fiscal year.

Institutional Investors Weigh In On Gemini Space Station

A number of large investors have recently added to or reduced their stakes in GEMI. National Bank of Canada FI acquired a new position in Gemini Space Station in the 3rd quarter worth $123,000. SBI Securities Co. Ltd. boosted its holdings in Gemini Space Station by 362.1% in the fourth quarter. SBI Securities Co. Ltd. now owns 9,930 shares of the company’s stock valued at $99,000 after purchasing an additional 7,781 shares during the last quarter. Man Group plc acquired a new stake in Gemini Space Station during the 3rd quarter valued at approximately $201,000. Caitong International Asset Management Co. Ltd acquired a new position in shares of Gemini Space Station in the 4th quarter valued at approximately $88,000. Finally, Sandia Investment Management LP acquired a new position in shares of Gemini Space Station in the 3rd quarter valued at approximately $228,000.

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.