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

Key Points

• Consensus "Hold": Thirteen analysts cover Gemini Space Station with a consensus rating of Hold (2 sell, 8 hold, 3 buy) and an average 1-year price target of $13.36.
• Weak recent performance and results: the stock opened at $4.04 (1-year range $3.91–$45.89) with a market cap of $475.3M and a negative P/E of -1.33; last quarter EPS was ($1.22), missing estimates by $0.16 on $60.34M revenue.
• Analyst downgrades and insider selling: several firms have cut targets (e.g., Cantor Fitzgerald to $8, Morgan Stanley to $13, Citigroup to a sell at $5.50) and Director Sachin Chand Jaitly sold 39,708 shares at an average of $8.92.

Gemini Space Station, Inc. (NASDAQ:GEMI - Get Free Report) has been given a consensus recommendation of "Hold" by the thirteen brokerages that are currently covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have assigned a buy rating to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $13.3636.

A number of analysts recently issued reports on the company. Cantor Fitzgerald reissued a "neutral" rating and set a $8.00 price objective (down from $14.00) on shares of Gemini Space Station in a report on Wednesday, February 18th. Morgan Stanley reduced their target price on Gemini Space Station from $29.00 to $13.00 and set an "equal weight" rating for the company in a report on Monday, December 22nd. Evercore cut Gemini Space Station from an "outperform" rating to an "in-line" rating and set a $10.00 price target on the stock. in a research report on Friday, February 6th. Truist Financial downgraded shares of Gemini Space Station from a "buy" rating to a "hold" rating and set a $7.00 price target on the stock. in a report on Tuesday, February 17th. Finally, Citigroup lowered shares of Gemini Space Station from a "neutral" rating to a "sell" rating and cut their price objective for the company from $13.00 to $5.50 in a research report on Wednesday, March 18th.

Gemini Space Station Price Performance

Gemini Space Station stock opened at $4.04 on Tuesday. The firm has a 50 day simple moving average of $7.27. Gemini Space Station has a 1-year low of $3.91 and a 1-year high of $45.89. The stock has a market cap of $475.31 million and a price-to-earnings ratio of -1.33.

Gemini Space Station (NASDAQ:GEMI - Get Free Report) last posted its earnings results on Thursday, March 19th. The company reported ($1.22) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.06) by ($0.16). The business had revenue of $60.34 million during the quarter.

Insider Transactions at Gemini Space Station

In other Gemini Space Station news, Director Sachin Chand Jaitly sold 39,708 shares of the firm's stock in a transaction on Wednesday, March 11th. The shares were sold at an average price of $8.92, for a total value of $354,195.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. SBI Securities Co. Ltd. bought a new position in Gemini Space Station in the 3rd quarter worth about $51,000. National Bank of Canada FI purchased a new stake in shares of Gemini Space Station in the 3rd quarter valued at about $123,000. Man Group plc bought a new stake in shares of Gemini Space Station during the 3rd quarter valued at about $201,000. Caitong International Asset Management Co. Ltd bought a new stake in shares of Gemini Space Station during the 4th quarter valued at about $88,000. Finally, Sandia Investment Management LP purchased a new position in shares of Gemini Space Station during the third quarter worth about $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.

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