Gemini Space Station (NASDAQ:GEMI) Downgraded to “Strong Sell” Rating by Wall Street Zen

by · The Markets Daily

Wall Street Zen cut shares of Gemini Space Station (NASDAQ:GEMI – Free Report) from a sell rating to a strong sell rating in a research report report published on Saturday.

Other research analysts have also issued reports about the stock. The Goldman Sachs Group lowered shares of Gemini Space Station from a “neutral” rating to a “sell” rating and set a $4.00 target price for the company. in a research note on Wednesday, July 29th. Rosenblatt Securities restated a “buy” rating and issued a $9.00 price target on shares of Gemini Space Station in a research note on Monday, May 18th. Citigroup cut their price target on Gemini Space Station from $5.50 to $4.00 and set a “sell” rating on the stock in a report on Tuesday, April 28th. Morgan Stanley reduced their price objective on Gemini Space Station from $6.00 to $5.50 and set an “equal weight” rating for the company in a research report on Friday, July 10th. Finally, Weiss Ratings raised Gemini Space Station from a “sell (e+)” rating to a “sell (d)” rating in a report on Friday, May 22nd. Three equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat, Gemini Space Station has a consensus rating of “Hold” and an average price target of $12.09.

View Our Latest Research Report on GEMI

Gemini Space Station Stock Performance

Shares of GEMI opened at $3.92 on Friday. Gemini Space Station has a 1 year low of $3.74 and a 1 year high of $45.89. The company has a market cap of $467.62 million and a price-to-earnings ratio of -0.40. The firm has a fifty day moving average of $4.35 and a 200-day moving average of $5.35.

Gemini Space Station (NASDAQ:GEMI – Get Free Report) last released its quarterly 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). Gemini Space Station had a negative return on equity of 72.84% and a negative net margin of 250.13%.The firm had revenue of $45.48 million for the quarter. Analysts predict that Gemini Space Station will post -3.37 EPS for the current year.

Hedge Funds Weigh In On Gemini Space Station

A number of institutional investors and hedge funds have recently bought and sold shares of GEMI. UBS Group AG bought a new stake in shares of Gemini Space Station during the 3rd quarter worth about $31,994,000. Vanguard Group Inc. acquired a new stake in shares of Gemini Space Station in the 3rd quarter worth approximately $25,656,000. Commonwealth Bank of Australia acquired a new position in shares of Gemini Space Station during the fourth quarter valued at approximately $7,086,000. Geode Capital Management LLC increased its stake in shares of Gemini Space Station by 1,220.7% during the fourth quarter. Geode Capital Management LLC now owns 484,571 shares of the company’s stock valued at $4,808,000 after acquiring an additional 447,881 shares during the period. Finally, Squarepoint Ops LLC bought a new stake in Gemini Space Station during the third quarter worth approximately $9,547,000.

Gemini Space Station Company Profile

(Get Free Report)

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.

Read More