Gemini Space Station (NASDAQ:GEMI) Stock Price Up 6.7% - What's Next?

Key Points

• Gemini Space Station shares rose 6.7% to about $4.57, with roughly 1.53 million shares traded. The stock remains below its 50-day and 200-day moving averages of $4.28 and $5.16, respectively.
• Analyst sentiment remains mixed, with three Buy, seven Hold, and three Sell ratings. The consensus rating is Hold, while the average price target is $10.79, though several firms recently lowered their targets.
• The company reported a quarterly loss of $0.89 per share, missing the $0.71 consensus estimate, alongside $45.48 million in revenue. Gemini posted a negative net margin of 250.13% and analysts expect a full-year loss of $3.37 per share.

Gemini Space Station, Inc. (NASDAQ:GEMI - Get Free Report) shares rose 6.7% during trading on Monday . The stock traded as high as $4.62 and last traded at $4.5680. Approximately 1,531,786 shares traded hands during mid-day trading, a decline of 18% from the average daily volume of 1,866,572 shares. The stock had previously closed at $4.28.

Analyst Upgrades and Downgrades

GEMI has been the topic of a number of recent analyst reports. Mizuho set a $7.00 price objective on Gemini Space Station in a report on Monday, August 17th. Weiss Ratings lowered shares of Gemini Space Station from a "sell (d)" rating to a "sell (e+)" rating in a research report on Friday, August 14th. The Goldman Sachs Group cut their price target on shares of Gemini Space Station from $4.00 to $3.50 and set a "sell" rating for the company in a report on Monday, August 17th. Morgan Stanley decreased their price objective on shares of Gemini Space Station from $6.00 to $5.50 and set an "equal weight" rating on the stock in a report on Friday, July 10th. Finally, Needham & Company LLC lowered their target price on shares of Gemini Space Station from $8.00 to $6.00 and set a "buy" rating on the stock in a research report on Monday, August 17th. Three research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and three have given a Sell rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $10.79.

Gemini Space Station Price Performance

The firm has a market cap of $560.74 million and a PE ratio of -0.45. The business has a 50-day moving average price of $4.28 and a two-hundred day moving average price of $5.16.

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

Institutional Trading of Gemini Space Station

Several hedge funds and other institutional investors have recently bought and sold shares of the company. National Bank of Canada FI acquired a new stake in Gemini Space Station in the 3rd quarter worth about $123,000. SBI Securities Co. Ltd. grew its holdings in Gemini Space Station by 362.1% in the 4th quarter. SBI Securities Co. Ltd. now owns 9,930 shares of the company's stock valued at $99,000 after buying an additional 7,781 shares during the period. Man Group plc acquired a new position in shares of Gemini Space Station during the 3rd quarter valued at about $201,000. Caitong International Asset Management Co. Ltd purchased a new position in shares of Gemini Space Station during the 4th quarter worth about $88,000. Finally, Sandia Investment Management LP purchased a new position in shares of Gemini Space Station during the 3rd quarter worth about $228,000.

About Gemini Space Station

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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