Gemini Space Station (NASDAQ:GEMI) Price Target Lowered to $4.50 at Truist Financial

Gemini Space Station (NASDAQ:GEMI) had its price objective lowered by Truist Financial from $5.00 to $4.50 in a research report sent to investors on Friday,Benzinga reports. The brokerage currently has a hold rating on the stock.

Other equities analysts have also recently issued research reports about the stock. Wall Street Zen cut shares of Gemini Space Station from a “hold” rating to a “sell” rating in a research report on Monday, June 15th. Citigroup reduced their price objective on Gemini Space Station from $5.50 to $4.00 and set a “sell” rating on the stock in a research note on Tuesday, April 28th. Rosenblatt Securities reiterated a “buy” rating and issued a $9.00 price objective on shares of Gemini Space Station in a report on Monday, May 18th. The Goldman Sachs Group lowered their target price on Gemini Space Station from $6.50 to $5.75 and set a “neutral” rating for the company in a research note on Wednesday, April 8th. Finally, Weiss Ratings upgraded Gemini Space Station from a “sell (e+)” rating to a “sell (d)” rating in a research report on Friday, May 22nd. Three analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $12.25.

Gemini Space Station Stock Down 2.5%

Shares of GEMI stock opened at $4.29 on Friday. The business has a 50-day moving average price of $4.60 and a two-hundred day moving average price of $6.04. Gemini Space Station has a 12-month low of $3.83 and a 12-month high of $45.89. The firm has a market cap of $511.75 million and a P/E ratio of -1.08.

Gemini Space Station (NASDAQ:GEMI) last announced its quarterly earnings data on Thursday, May 14th. The company reported ($0.93) EPS for the quarter, missing the consensus estimate of ($0.90) by ($0.03). The firm had revenue of $50.27 million during the quarter. The company’s quarterly revenue was up 38.3% on a year-over-year basis. As a group, research analysts expect that Gemini Space Station will post -3.37 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of GEMI. Apollon Wealth Management LLC purchased a new stake in shares of Gemini Space Station during the first quarter valued at $44,000. Caitong International Asset Management Co. Ltd purchased a new position in shares of Gemini Space Station in the 4th quarter worth $88,000. SBI Securities Co. Ltd. boosted its stake in shares of Gemini Space Station by 362.1% in the 4th quarter. SBI Securities Co. Ltd. now owns 9,930 shares of the company’s stock worth $99,000 after buying an additional 7,781 shares during the last quarter. Engineers Gate Manager LP bought a new stake in shares of Gemini Space Station in the fourth quarter worth $100,000. Finally, National Bank of Canada FI bought a new stake in shares of Gemini Space Station in the third quarter worth $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.