Citigroup Downgrades Gemini Space Station (NASDAQ:GEMI) to Sell

Gemini Space Station (NASDAQ:GEMI) was downgraded by equities research analysts at Citigroup from a “neutral” rating to a “sell” rating in a report issued on Wednesday, Marketbeat reports. They presently have a $5.50 price objective on the stock, down from their prior price objective of $13.00. Citigroup’s target price suggests a potential downside of 8.49% from the company’s previous close.

Several other equities analysts have also commented on GEMI. Rosenblatt Securities decreased their price objective on shares of Gemini Space Station from $26.00 to $11.50 and set a “buy” rating on the stock in a report on Friday, February 20th. Morgan Stanley dropped their target price 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 decreased their price target on Gemini Space Station from $19.00 to $17.00 and set a “neutral” rating on the stock in a research note on Friday, December 5th. Cantor Fitzgerald restated a “neutral” rating and set a $8.00 price target (down from $14.00) on shares of Gemini Space Station in a research report on Wednesday, February 18th. Finally, Mizuho dropped their price objective on 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. Three research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, Gemini Space Station has an average rating of “Hold” and an average price target of $16.00.

Gemini Space Station Stock Performance

Shares of GEMI opened at $6.01 on Wednesday. The firm has a 50-day moving average of $8.08. Gemini Space Station has a 12-month low of $5.57 and a 12-month high of $45.89. The stock has a market cap of $707.10 million and a price-to-earnings ratio of -3.32.

Gemini Space Station (NASDAQ:GEMI) last announced its earnings results on Thursday, March 19th. The company reported ($1.22) earnings per share for the quarter. The business had revenue of $60.34 million for the quarter.

Insider Buying and Selling

In other Gemini Space Station news, Director Sachin Chand Jaitly sold 39,708 shares of the firm’s stock in a transaction that occurred on Wednesday, March 11th. The shares were sold at an average price of $8.92, for a total value of $354,195.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Institutional Trading of Gemini Space Station

Several hedge funds have recently modified their holdings of the stock. Dragoneer Investment Group LLC purchased a new position in Gemini Space Station in the third quarter valued at $38,815,000. Altimeter Capital Management LP acquired a new position in Gemini Space Station during the 3rd quarter worth $38,336,000. UBS Group AG purchased a new stake in Gemini Space Station during the 3rd quarter worth about $31,994,000. Vanguard Group Inc. acquired a new stake in Gemini Space Station in the 3rd quarter valued at about $25,656,000. Finally, Commonwealth Bank of Australia acquired a new stake in Gemini Space Station in the 4th quarter valued at about $7,086,000.

Gemini Space Station News Roundup

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

• Positive Sentiment: Management scheduled a live conference call and webcast to discuss the Q4 and FY2025 results and emphasized multiple public disclosure channels — a sign of open communication that can help clarify results and strategy for investors. Investor Relations / Earnings Webcast
• Positive Sentiment: Some institutional activity and earlier analyst interest remain (Quiver noted institutional additions by firms such as Morgan Stanley and BlackRock, and several firms have buy/outperform ratings) — these holdings can provide a base of demand. Quiver Quant Summary
• Neutral Sentiment: Company formally released its Q4 and full‑year 2025 financial results and investor presentation; replay/transcript of the call will be posted on the IR site for follow‑up. Earnings Release
• Negative Sentiment: Reported fourth‑quarter EPS of ($1.22) — a material loss that is weighing on sentiment and raises questions about profitability and cash burn. Earnings Snapshot
• Negative Sentiment: Multiple law firms have filed/announced class‑action investigations and investor alerts alleging misleading IPO/offering disclosures and overstated prospects; the wave of suits increases legal and financial risk. BusinessWire: Class Action Notice
• Negative Sentiment: Analyst and media downgrades are piling up — Citi cut GEMI to Sell and lowered its $ target to $5.50, and outlets report widened losses and strategy/management departures, pressuring sentiment and the stock’s near‑term outlook. Citi Downgrade / Coverage Reuters: Shareholder Suit / Strategy Shift
• Negative Sentiment: Options and risk indicators are bearish: unusually large put‑option volume was observed ahead of the release, signaling trader hedging or directional bets against the stock; overall trading volume is elevated versus average. (No link available)

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.