Gemini Space Station, Inc. (NASDAQ:GEMI) Receives Consensus Recommendation of "Hold" from Brokerages

Key Points

• Analysts maintain a “Hold” consensus on Gemini Space Station, with three sell, seven hold, and three buy ratings. The average 12-month price target is $10.84, though several firms recently lowered their targets.
• Gemini’s latest quarterly loss of $0.89 per share missed expectations of $0.71, while the company remains unprofitable with a negative net margin of 250.13%. Analysts forecast a full-year loss of $3.37 per share.
• Takeover speculation has helped drive recent trading interest and a sharp share-price rebound, but no acquisition offer has been confirmed. GEMI recently traded near $5.99, well below its 52-week high of $26.75.

Gemini Space Station, Inc. (NASDAQ:GEMI - Get Free Report) has earned an average rating of "Hold" from the thirteen ratings firms that are currently covering the firm, Marketbeat reports. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $10.8364.

GEMI has been the topic of a number of research reports. Weiss Ratings downgraded Gemini Space Station from a "sell (d)" rating to a "sell (e+)" rating in a research note on Friday, August 14th. Cantor Fitzgerald dropped their target price on Gemini Space Station from $7.00 to $5.00 and set a "neutral" rating on the stock in a research report on Monday, August 17th. Citigroup reduced their price target on shares of Gemini Space Station from $4.00 to $3.20 and set a "sell" rating for the company in a research report on Thursday, August 20th. Needham & Company LLC lowered their price objective on shares of Gemini Space Station from $8.00 to $6.00 and set a "buy" rating on the stock in a research note on Monday, August 17th. Finally, The Goldman Sachs Group raised their price objective on shares of Gemini Space Station from $3.50 to $4.00 and gave the stock a "sell" rating in a report on Wednesday, September 9th.

Trending Headlines about Gemini Space Station

Here are the key news stories impacting Gemini Space Station this week:

• Positive Sentiment: Takeover speculation resurfaced after GEMI’s steep decline from its IPO, with some investors suggesting that the lower valuation could make Gemini more attractive to potential buyers. The discussion was amplified by Coinbase and Kraken gaining competitive ground in the crypto market. Gemini Stock Jumps as Takeover Speculation Returns
• Positive Sentiment: The renewed acquisition narrative helped drive a sharp recent advance in GEMI shares, while elevated trading volume indicates that traders are actively positioning around a possible strategic transaction. Gemini Stock Surges Amid Renewed Acquisition Chatter
• Neutral Sentiment: Several reports compared Gemini with peers and competitors, but these reviews did not identify a definitive new catalyst or confirmed takeover offer. Reviewing Gemini Space Station and Its Peers
• Neutral Sentiment: Gemini’s market value was reported at approximately $753 million, underscoring the substantial valuation decline since its public debut and contributing to speculation about possible strategic interest. Gemini Market Value Falls
• Negative Sentiment: Zacks cautioned that recent earnings-estimate revisions may not support further near-term gains. This is a concern because Gemini remains unprofitable, and its latest reported quarterly loss missed analyst expectations. Gemini Surges: Is This an Indication of Further Gains?

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. ParaFi Capital LP increased its stake in shares of Gemini Space Station by 430.7% in the 2nd quarter. ParaFi Capital LP now owns 3,428,888 shares of the company's stock worth $14,607,000 after purchasing an additional 2,782,786 shares in the last quarter. Commonwealth Bank of Australia purchased a new position in Gemini Space Station during the fourth quarter valued at $7,086,000. WINTON GROUP Ltd bought a new stake in Gemini Space Station during the second quarter valued at about $130,000. Gryphon Financial Partners LLC bought a new stake in Gemini Space Station during the first quarter valued at about $145,000. Finally, Apollon Wealth Management LLC purchased a new stake in Gemini Space Station in the first quarter worth about $44,000.

Gemini Space Station Stock Up 3.1%

Shares of NASDAQ GEMI opened at $5.99 on Tuesday. The company has a market cap of $776.62 million and a PE ratio of -0.62. The firm's 50-day moving average price is $4.37 and its 200-day moving average price is $4.85. Gemini Space Station has a 52-week low of $3.38 and a 52-week high of $26.75.

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

About Gemini Space Station

Gemini Space Station, Inc, doing business as Gemini, is a cryptocurrency platform that provides digital-asset trading, custody and related financial services to retail and institutional customers. Its platform enables users to buy, sell, store and transfer cryptocurrencies and access market data and portfolio-management tools.

The company has also offered institutional services, including custody, execution and clearing solutions, as well as products designed to support staking and other digital-asset activities.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.