Gemini Space Station (NASDAQ:GEMI) Stock Rating Lowered by Truist Financial

Gemini Space Station (NASDAQ:GEMI) was downgraded by investment analysts at Truist Financial from a “buy” rating to a “hold” rating in a research report issued on Tuesday, MarketBeat Ratings reports. They currently have a $7.00 price target on the stock. Truist Financial’s price objective points to a potential upside of 9.72% from the company’s previous close.

Several other brokerages have also issued reports on GEMI. Cantor Fitzgerald lowered their price target on shares of Gemini Space Station from $25.00 to $14.00 and set an “overweight” rating on the stock in a research note on Thursday, January 29th. Morgan Stanley decreased their price objective on 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. Mizuho dropped their target price on Gemini Space Station from $30.00 to $26.00 and set an “outperform” rating on the stock in a report on Wednesday, December 24th. The Goldman Sachs Group reduced their price target on Gemini Space Station from $19.00 to $17.00 and set a “neutral” rating for the company in a research report on Friday, December 5th. Finally, Needham & Company LLC lowered their price target on Gemini Space Station from $35.00 to $23.00 and set a “buy” rating on the stock in a research report on Monday, December 29th. 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 stock. Based on data from MarketBeat.com, Gemini Space Station currently has an average rating of “Hold” and a consensus price target of $18.36.

Gemini Space Station Stock Down 3.2%

NASDAQ GEMI opened at $6.38 on Tuesday. The firm has a 50 day simple moving average of $9.80. The firm has a market capitalization of $750.61 million and a P/E ratio of -3.52. Gemini Space Station has a 12-month low of $6.30 and a 12-month high of $45.89.

Institutional Trading of Gemini Space Station

Hedge funds have recently made changes to their positions in the business. Dragoneer Investment Group LLC acquired a new position in shares of Gemini Space Station during the 3rd quarter worth approximately $38,815,000. Altimeter Capital Management LP bought a new position in Gemini Space Station during the third quarter worth $38,336,000. UBS Group AG acquired a new position in shares of Gemini Space Station in the third quarter valued at $31,994,000. Vanguard Group Inc. bought a new position in shares of Gemini Space Station in the third quarter valued at about $25,656,000. Finally, Commonwealth Bank of Australia acquired a new stake in shares of Gemini Space Station during the 4th quarter worth about $7,086,000.

Key Headlines Impacting Gemini Space Station

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

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.