Gemini Space Station (NASDAQ:GEMI) Shares Up 10.4% – What’s Next?

Gemini Space Station, Inc. (NASDAQ:GEMI) traded up 10.4% on Friday . The stock traded as high as $7.57 and last traded at $7.40. 343,399 shares were traded during mid-day trading, a decline of 77% from the average session volume of 1,498,537 shares. The stock had previously closed at $6.70.

More Gemini Space Station News

Here are the key news stories impacting Gemini Space Station this week:

• Positive Sentiment: Restructuring could reduce burn and improve margins — management’s plan to cut ~25% of staff and refocus operations on the U.S. and core products may materially lower operating expenses and extend the company’s cash runway, which some investors could view as constructive for valuation if execution is clean. Read More.
• Neutral Sentiment: Multiple major outlets are publishing largely consistent reports on the layoffs and market exits; so far Gemini hasn’t provided new public financial guidance tied to the changes, leaving near-term revenue and cost savings to be clarified. Read More.
• Negative Sentiment: Evercore ISI downgraded GEMI from “outperform” to “in-line” (maintaining a $10 price target) — the rating cut signals reduced analyst conviction and could weigh on sentiment despite the stated upside to the PT. Read More.
• Negative Sentiment: Exiting the U.K., EU and Australia shrinks addressable markets and will likely reduce revenue growth potential outside the U.S.; investors will watch how much business is lost and whether customers are migrated to other platforms. Read More.
• Negative Sentiment: The pullback is being framed as a retreat amid a broader crypto downturn (Bitcoin weakness), highlighting sector risk—continued crypto market softness could prolong revenue pressure even after cost cuts. Read More.

Analysts Set New Price Targets

GEMI has been the subject of several recent research reports. Mizuho reduced their price target on Gemini Space Station from $30.00 to $26.00 and set an “outperform” rating for the company in a research report on Wednesday, December 24th. Wall Street Zen downgraded Gemini Space Station from a “hold” rating to a “sell” rating in a report on Saturday, October 11th. Cantor Fitzgerald decreased their target price on shares of Gemini Space Station from $25.00 to $14.00 and set an “overweight” rating for the company in a research note on Thursday, January 29th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Gemini Space Station in a research report on Monday, December 29th. Finally, Citigroup cut their price target on shares of Gemini Space Station from $16.00 to $13.00 and set a “neutral” rating for the company in a research note on Monday, December 22nd. Five analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $20.08.

Gemini Space Station Trading Up 14.6%

The business’s 50 day simple moving average is $10.42. The firm has a market cap of $903.58 million and a price-to-earnings ratio of -4.24.

Gemini Space Station (NASDAQ:GEMI) last released its quarterly earnings data on Monday, November 10th. The company reported ($1.81) EPS for the quarter, missing the consensus estimate of ($0.82) by ($0.99). The business had revenue of $50.62 million for the quarter, compared to analysts’ expectations of $45.87 million.

Institutional Investors Weigh In On Gemini Space Station

A number of institutional investors have recently made changes to their positions in GEMI. Dragoneer Investment Group LLC bought a new position in shares of Gemini Space Station during the third quarter worth approximately $38,815,000. Altimeter Capital Management LP acquired a new position in Gemini Space Station in the 3rd quarter valued at $38,336,000. UBS Group AG bought a new position in Gemini Space Station during the 3rd quarter worth $31,994,000. Vanguard Group Inc. acquired a new stake in shares of Gemini Space Station during the third quarter worth $25,656,000. Finally, Squarepoint Ops LLC bought a new stake in shares of Gemini Space Station in the third quarter valued at about $9,547,000.

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.