Gemini Space Station (NASDAQ:GEMI) Trading Up 6.3% - Should You Buy?

Key Points

• Gemini Space Station shares rose 6.3% to about $4.71 in Friday trading, though volume was 85% below the average daily level.
• Analyst sentiment remains mixed: three analysts rate the stock Buy, seven Hold, and three Sell, resulting in an overall Hold rating. Several firms cut price targets, while the average target remains $10.84.
• The company reported a quarterly loss of $0.89 per share, missing estimates by $0.18, alongside a $45.48 million revenue. Gemini continues to show substantial losses, including a negative net margin of 250.13%.

Gemini Space Station, Inc. (NASDAQ:GEMI - Get Free Report)'s stock price rose 6.3% during trading on Friday . The company traded as high as $4.73 and last traded at $4.7070. Approximately 284,288 shares were traded during mid-day trading, a decline of 85% from the average daily volume of 1,921,648 shares. The stock had previously closed at $4.43.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on GEMI shares. Rosenblatt Securities reduced their price target on shares of Gemini Space Station from $9.00 to $6.00 and set a "buy" rating for the company in a research report on Monday, August 17th. Mizuho set a $7.00 target price on shares of Gemini Space Station in a report on Monday, August 17th. Needham & Company LLC decreased their price target on Gemini Space Station from $8.00 to $6.00 and set a "buy" rating for the company in a report on Monday, August 17th. Wall Street Zen cut shares of Gemini Space Station from a "sell" rating to a "strong sell" rating in a research report on Saturday, August 15th. Finally, The Goldman Sachs Group lifted their price target on shares of Gemini Space Station from $3.50 to $4.00 and gave the stock a "sell" rating in a research note on Wednesday, September 9th. Three investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $10.84.

Gemini Space Station Stock Up 12.6%

The stock has a market cap of $646.69 million and a price-to-earnings ratio of -0.51. The company's 50-day simple moving average is $4.31 and its 200-day simple moving average is $4.86.

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 analysts' consensus estimates of ($0.71) by ($0.18). Gemini Space Station had a negative return on equity of 75.66% and a negative net margin of 250.13%.The company had revenue of $45.48 million during the quarter. As a group, analysts expect that Gemini Space Station, Inc. will post -3.37 EPS for the current fiscal year.

Institutional Investors Weigh In On Gemini Space Station

A number of institutional investors have recently bought and sold shares of GEMI. ParaFi Capital LP raised its holdings in Gemini Space Station by 430.7% in the 2nd quarter. ParaFi Capital LP now owns 3,428,888 shares of the company's stock valued at $14,607,000 after acquiring an additional 2,782,786 shares during the period. Commonwealth Bank of Australia bought a new stake in Gemini Space Station during the 4th quarter worth $7,086,000. Gryphon Financial Partners LLC acquired a new position in shares of Gemini Space Station in the first quarter worth approximately $145,000. WINTON GROUP Ltd acquired a new stake in shares of Gemini Space Station during the 2nd quarter worth approximately $130,000. Finally, Clear Street Group Inc. acquired a new stake in shares of Gemini Space Station in the 4th quarter worth about $219,000.

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.

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