Evercore Downgrades Gemini Space Station (NASDAQ:GEMI) to In-Line

Gemini Space Station (NASDAQ:GEMI) was downgraded by investment analysts at Evercore from an “outperform” rating to an “in-line” rating in a report released on Friday, MarketBeat.com reports. They presently have a $10.00 price objective on the stock. Evercore’s price target would suggest a potential upside of 30.21% from the stock’s current price.

Other equities research analysts have also recently issued reports about the stock. Needham & Company LLC decreased their price objective on shares of Gemini Space Station from $35.00 to $23.00 and set a “buy” rating for the company in a research report on Monday, December 29th. Cantor Fitzgerald cut their price target on 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. Mizuho lowered their price objective 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. Morgan Stanley dropped their price objective on 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. Finally, Citigroup decreased their target price on Gemini Space Station from $16.00 to $13.00 and set a “neutral” rating for the company in a research note on Monday, December 22nd. Five analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $20.08.

Gemini Space Station Price Performance

GEMI stock opened at $7.68 on Friday. The stock’s 50 day moving average price is $10.42. Gemini Space Station has a fifty-two week low of $6.66 and a fifty-two week high of $45.89. The stock has a market capitalization of $903.58 million and a price-to-earnings ratio of -4.24.

Gemini Space Station (NASDAQ:GEMI) last issued its quarterly earnings results on Monday, November 10th. The company reported ($1.81) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.82) by ($0.99). The company had revenue of $50.62 million for the quarter, compared to the consensus estimate of $45.87 million.

Institutional Trading of Gemini Space Station

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

More Gemini Space Station News

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

• Positive Sentiment: Restructuring could reduce burn and improve margins — management’s plan to cut ~25% of staff and refocus operations on the U.S. and core products may materially lower operating expenses and extend the company’s cash runway, which some investors could view as constructive for valuation if execution is clean. Read More.
• Neutral Sentiment: Multiple major outlets are publishing largely consistent reports on the layoffs and market exits; so far Gemini hasn’t provided new public financial guidance tied to the changes, leaving near-term revenue and cost savings to be clarified. Read More.
• Negative Sentiment: Evercore ISI downgraded GEMI from “outperform” to “in-line” (maintaining a $10 price target) — the rating cut signals reduced analyst conviction and could weigh on sentiment despite the stated upside to the PT. Read More.
• Negative Sentiment: Exiting the U.K., EU and Australia shrinks addressable markets and will likely reduce revenue growth potential outside the U.S.; investors will watch how much business is lost and whether customers are migrated to other platforms. Read More.
• Negative Sentiment: The pullback is being framed as a retreat amid a broader crypto downturn (Bitcoin weakness), highlighting sector risk—continued crypto market softness could prolong revenue pressure even after cost cuts. 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.