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

Gemini Space Station, Inc. (NASDAQ:GEMI)’s share price gapped down prior to trading on Wednesday after Citigroup downgraded the stock from a neutral rating to a sell rating. The stock had previously closed at $7.11, but opened at $6.56. Citigroup now has a $5.50 price target on the stock, down from their previous price target of $13.00. Gemini Space Station shares last traded at $5.8930, with a volume of 688,459 shares traded.

Other equities analysts have also recently issued reports about the stock. Cantor Fitzgerald reiterated a “neutral” rating and issued a $8.00 target price (down from $14.00) on shares of Gemini Space Station in a research note on Wednesday, February 18th. Evercore cut shares of Gemini Space Station from an “outperform” rating to an “in-line” rating and set a $10.00 price objective for the company. in a report on Friday, February 6th. 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 research report on Monday, December 22nd. Weiss Ratings reissued a “sell (d)” rating on shares of Gemini Space Station in a research note on Monday, December 29th. Finally, 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 research report on Friday, December 5th. Three investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $16.00.

Insider Activity

In related news, Director Sachin Chand Jaitly sold 39,708 shares of the business’s stock in a transaction 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 document filed with the Securities & Exchange Commission, which is available at this hyperlink.

More Gemini Space Station News

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)

Institutional Trading of Gemini Space Station

Institutional investors have recently modified their holdings of the stock. SBI Securities Co. Ltd. purchased a new position in Gemini Space Station in the 3rd quarter valued at about $51,000. National Bank of Canada FI purchased a new stake in Gemini Space Station during the 3rd quarter worth approximately $123,000. Man Group plc purchased a new stake in Gemini Space Station during the 3rd quarter worth approximately $201,000. Caitong International Asset Management Co. Ltd acquired a new position in shares of Gemini Space Station during the fourth quarter valued at approximately $88,000. Finally, Sandia Investment Management LP purchased a new position in shares of Gemini Space Station in the third quarter valued at approximately $228,000.

Gemini Space Station Trading Up 0.8%

The company’s 50-day moving average is $8.08. 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 posted its quarterly earnings data on Thursday, March 19th. The company reported ($1.22) EPS for the quarter. The company had revenue of $60.34 million during the quarter.

Gemini Space Station Company Profile

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.