Gemini Space Station (NASDAQ:GEMI) Downgraded by Truist Financial to Hold

Truist Financial lowered shares of Gemini Space Station (NASDAQ:GEMI) from a buy rating to a hold rating in a research note published on Tuesday morning, Marketbeat reports. They currently have $7.00 target price on the stock.

Several other equities research analysts have also recently weighed in on the company. Cantor Fitzgerald dropped their price objective 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. Morgan Stanley reduced their target price on Gemini Space Station from $29.00 to $13.00 and set an “equal weight” rating on the stock in a research note on Monday, December 22nd. Mizuho dropped their price target 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. Weiss Ratings reiterated a “sell (d)” rating on shares of Gemini Space Station in a report on Monday, December 29th. Finally, Citigroup reduced their price objective on shares of Gemini Space Station from $16.00 to $13.00 and set a “neutral” rating on the stock in a research report on Monday, December 22nd. Four investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given 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 $20.09.

Gemini Space Station Trading Down 12.8%

Gemini Space Station stock opened at $6.59 on Tuesday. The stock has a market capitalization of $775.31 million and a price-to-earnings ratio of -3.64. Gemini Space Station has a 1-year low of $6.30 and a 1-year high of $45.89. The business’s 50-day moving average price is $9.90.

Hedge Funds Weigh In On Gemini Space Station

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

Gemini Space Station News Summary

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

• Positive Sentiment: FY‑2025 revenue guidance comes in a $165M–$175M range with a midpoint (~$170M) roughly in line with consensus, which could be viewed as not materially worse than expectations. Guidance / Newsfile
• Neutral Sentiment: An analyst at Truist downgraded GEMI from Buy to Hold but set a $7 price target — only modestly above the current level — which is mixed news (less bullish conviction, but no deep cut to target). Finviz / Truist note
• Negative Sentiment: Three senior executives (including the CFO, COO and CLO) departed abruptly months after the IPO — a major governance and execution risk that triggered investor sell‑off and broader concern about leadership stability. WSJ: Executives Step Down
• Negative Sentiment: Reports link the executive exits to recent job cuts and a broader restructuring, increasing uncertainty on near‑term costs, integration of remaining leadership, and execution of post‑IPO strategy. MarketWatch: Restructuring
• Negative Sentiment: Law firms (Block & Leviton) have launched investigations into potential securities claims tied to the executive departures and the post‑IPO price decline, which could lead to litigation risk and further headline pressure. GlobeNewswire: Block & Leviton alert

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.