Gemini Space Station (NASDAQ:GEMI) Stock Price Down 5.1% - Time to Sell?

Key Points

• Gemini Space Station shares fell 5.1% to $4.47, with trading volume down 85% from the average session. The stock has a market capitalization of approximately $565 million and trades below its 200-day moving average.
• Analyst sentiment is mixed: three analysts rate the stock Buy, seven Hold, and three Sell, resulting in a consensus Hold rating. Recent price targets range from $3.50 to $7.00, well below the $10.79 consensus target cited by MarketBeat.
• The company reported a quarterly loss of $0.89 per share, missing expectations of a $0.71 loss, on revenue of $45.48 million. 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)'s share price fell 5.1% on Friday . The stock traded as low as $4.43 and last traded at $4.47. Approximately 278,449 shares changed hands during mid-day trading, a decline of 85% from the average session volume of 1,918,764 shares. The stock had previously closed at $4.71.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the stock. Mizuho set a $7.00 price objective on shares of Gemini Space Station in a report on Monday, August 17th. The Goldman Sachs Group lowered their target price on 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 dropped their price target on Gemini Space Station from $6.00 to $5.50 and set an "equal weight" rating on the stock in a research note on Friday, July 10th. Weiss Ratings lowered Gemini Space Station from a "sell (d)" rating to a "sell (e+)" rating in a report on Friday, August 14th. Finally, Needham & Company LLC reduced their price objective on Gemini Space Station from $8.00 to $6.00 and set a "buy" rating for the company in a research 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 company. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $10.79.

Gemini Space Station Trading Down 7.4%

The company has a market capitalization of $565.27 million and a price-to-earnings ratio of -0.45. The stock's 50 day moving average price is $4.26 and its 200 day moving average price is $5.08.

Gemini Space Station (NASDAQ:GEMI - Get Free Report) last issued 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). 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%. On average, research analysts expect that Gemini Space Station, Inc. will post -3.37 earnings per share for the current year.

Institutional Trading of Gemini Space Station

A number of large investors have recently added to or reduced their stakes in the company. Apollon Wealth Management LLC bought a new stake in shares of Gemini Space Station in the 1st quarter valued at about $44,000. Caitong International Asset Management Co. Ltd acquired a new position in Gemini Space Station during the fourth quarter worth approximately $88,000. SBI Securities Co. Ltd. raised its stake 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 buying an additional 7,781 shares during the period. Engineers Gate Manager LP bought a new stake in Gemini Space Station in the fourth quarter valued at approximately $100,000. Finally, National Bank of Canada FI acquired a new stake in shares of Gemini Space Station in the third quarter valued at approximately $123,000.

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.

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.

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