Gemini Space Station (NASDAQ:GEMI) Stock Rating Lowered by Evercore ISI

Gemini Space Station (NASDAQ:GEMI) was downgraded by investment analysts at Evercore ISI from an “outperform” rating to a “hold” rating in a report released on Friday, Marketbeat Ratings reports. They currently have a $10.00 price target on the stock. Evercore ISI’s target price would indicate a potential upside of 30.21% from the stock’s current price.

Several other brokerages also recently issued reports on GEMI. Cantor Fitzgerald lowered their price target on Gemini Space Station from $25.00 to $14.00 and set an “overweight” rating for the company in a report on Thursday, January 29th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Gemini Space Station in a research report on Monday, December 29th. Citigroup lowered 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. The Goldman Sachs Group reduced their price target 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. Finally, Wall Street Zen cut Gemini Space Station from a “hold” rating to a “sell” rating in a report on Saturday, October 11th. Five analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Gemini Space Station has an average rating of “Hold” and an average target price of $20.08.

Gemini Space Station Price Performance

NASDAQ GEMI opened at $7.68 on Friday. The stock has a market capitalization of $903.58 million and a price-to-earnings ratio of -4.24. Gemini Space Station has a one year low of $6.66 and a one year high of $45.89. The firm has a 50 day simple moving average of $10.42.

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

Institutional Inflows and Outflows

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

Trending Headlines about Gemini Space Station

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.