Gemini Space Station (NASDAQ:GEMI) Shares Gap Down on Analyst Downgrade

Gemini Space Station, Inc. (NASDAQ:GEMI)’s stock price gapped down prior to trading on Tuesday after Needham & Company LLC lowered their price target on the stock from $23.00 to $10.00. The stock had previously closed at $7.56, but opened at $6.98. Needham & Company LLC currently has a buy rating on the stock. Gemini Space Station shares last traded at $6.65, with a volume of 454,862 shares traded.

A number of other equities analysts have also issued reports on the stock. Weiss Ratings reiterated a “sell (d)” rating on shares of Gemini Space Station in a research report on Monday, December 29th. Morgan Stanley decreased their price objective on shares of Gemini Space Station from $29.00 to $13.00 and set an “equal weight” rating for the company in a report on Monday, December 22nd. The Goldman Sachs Group dropped their target price on Gemini Space Station from $19.00 to $17.00 and set a “neutral” rating on the stock in a report on Friday, December 5th. Mizuho cut their target price 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. Finally, Evercore cut Gemini Space Station from an “outperform” rating to an “in-line” rating and set a $10.00 price target on the stock. in a research report on Friday, February 6th. Three analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Gemini Space Station currently has an average rating of “Hold” and a consensus target price of $18.36.

Gemini Space Station News Roundup

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

• Positive Sentiment: Needham cut its price target but kept a “buy” rating, now $10 (from $23), implying material upside versus the current price — a sign one sell-side shop still sees recovery potential. Article Title
• Neutral Sentiment: Cantor Fitzgerald reaffirmed a “neutral” rating but lowered its price target to $8 (from $14), showing reduced investor conviction though still implying some upside. Article Title
• Neutral Sentiment: GEMI issued preliminary FY-2025 revenue guidance of roughly $165M–$175M versus a consensus near $168.9M — broadly in line with estimates but flagged as preliminary, which leaves uncertainty about final results and margin/earnings implications. (company update)
• Negative Sentiment: Truist downgraded GEMI from “buy” to “hold” and cut its target to $7, reducing another source of analyst support and likely adding selling pressure. Article Title
• Negative Sentiment: Major news: three top executives (including CFO/COO/CLO) abruptly left following recent layoffs and a preliminary 2025 outlook — an event that triggered a sharp intraday selloff as investors worry about execution and leadership stability. Article Title
• Negative Sentiment: Block & Leviton and other firms are publicizing investigations into potential securities claims tied to the executive departures and post-IPO price decline, increasing legal/settlement risk and further weighing on sentiment. Article Title
• Negative Sentiment: Broad press coverage (Bloomberg, MarketWatch, MSN, Seeking Alpha) highlights the stock slide, leadership exits and restructuring — amplifying negative sentiment and likely accelerating short-term outflows. Article Title

Hedge Funds Weigh In On Gemini Space Station

A number of hedge funds have recently modified their holdings of GEMI. National Bank of Canada FI purchased a new stake in Gemini Space Station during the third quarter valued at about $123,000. Dragoneer Investment Group LLC purchased a new position in shares of Gemini Space Station in the third quarter worth approximately $38,815,000. Atreides Management LP acquired a new stake in shares of Gemini Space Station during the third quarter valued at approximately $1,677,000. Altimeter Capital Management LP acquired a new position in Gemini Space Station in the 3rd quarter worth approximately $38,336,000. Finally, Ghisallo Capital Management LLC purchased a new position in Gemini Space Station during the 3rd quarter worth approximately $1,677,000.

Gemini Space Station Price Performance

The business’s 50 day simple moving average is $9.80. The stock has a market capitalization of $750.61 million and a P/E ratio of -3.52.

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.