Gemini Space Station (NASDAQ:GEMI) Price Target Lowered to $11.50 at Rosenblatt Securities

Gemini Space Station (NASDAQ:GEMI) had its price objective lowered by Rosenblatt Securities from $26.00 to $11.50 in a research report sent to investors on Friday morning,Benzinga reports. The firm currently has a buy rating on the stock.

Other equities research analysts also recently issued reports about the company. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $8.00 price target (down from $14.00) on shares of Gemini Space Station in a report on Wednesday. Mizuho reduced their target price on shares of Gemini Space Station from $30.00 to $26.00 and set an “outperform” rating for the company in a research note on Wednesday, December 24th. Morgan Stanley lowered their target price on shares of Gemini Space Station from $29.00 to $13.00 and set an “equal weight” rating on the stock in a report on Monday, December 22nd. The Goldman Sachs Group cut their price target on shares of Gemini Space Station from $19.00 to $17.00 and set a “neutral” rating for the company in a report on Friday, December 5th. Finally, Weiss Ratings restated a “sell (d)” rating on shares of Gemini Space Station in a research report on Monday, December 29th. Three analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Gemini Space Station currently has a consensus rating of “Hold” and an average price target of $16.68.

Gemini Space Station Trading Down 3.0%

GEMI opened at $5.82 on Friday. Gemini Space Station has a 52 week low of $5.79 and a 52 week high of $45.89. The firm’s 50 day moving average is $9.47. The stock has a market cap of $684.72 million and a P/E ratio of -3.22.

Institutional Trading of Gemini Space Station

Institutional investors have recently bought and sold shares of the company. SBI Securities Co. Ltd. purchased a new position in shares of Gemini Space Station in the third quarter valued at $51,000. National Bank of Canada FI acquired a new stake in Gemini Space Station in the 3rd quarter valued at about $123,000. Man Group plc acquired a new position in Gemini Space Station during the third quarter worth about $201,000. Sandia Investment Management LP purchased a new stake in shares of Gemini Space Station in the third quarter valued at about $228,000. Finally, Ground Swell Capital LLC acquired a new stake in shares of Gemini Space Station in the third quarter valued at approximately $229,000.

Key Gemini Space Station News

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

• Positive Sentiment: Rosenblatt Securities kept a “buy” rating and set a new $11.50 price target (down from $26), signaling they still see upside versus current levels despite the downgrade; this could provide some investor support. Read More.
• Neutral Sentiment: Cantor Fitzgerald reiterated a “Neutral” rating on GEMI, suggesting some analysts are pausing before making directional calls amid the recent volatility. Read More.
• Neutral Sentiment: Reported short‑interest data in recent filings are inconsistent/unclear, offering little clarity on whether short sellers are materially increasing pressure right now. (Data showed zero shares in the cited report.)
• Negative Sentiment: Gemini disclosed three senior executive departures and an international pullback, which triggered a sharp intraday selloff and raises operational and execution risk so soon after the September IPO. Read More.
• Negative Sentiment: Multiple law firms (Hagens Berman, Bragar Eagel & Squire, Pomerantz, Schall, Kirby McInerney) have launched or announced investigations and investor‑recovery campaigns alleging potential securities fraud — a material legal overhang that often pressures stock prices. Read More.
• Negative Sentiment: Analysts trimmed targets: Needham cut its PT to $10 and other coverage changes led to a gap‑down trading reaction, reinforcing downside pressure. Read More.
• Negative Sentiment: Coverage pieces and local press detail investor concern and volatility since the IPO (shares are far below the September 2025 IPO price), which can reduce liquidity and increase selling pressure. Read More.

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.