Gemini Space Station (NASDAQ:GEMI) Reaches New 12-Month Low on Analyst Downgrade

Gemini Space Station, Inc. (NASDAQ:GEMI) shares reached a new 52-week low during mid-day trading on Thursday after Needham & Company LLC lowered their price target on the stock from $23.00 to $10.00. Needham & Company LLC currently has a buy rating on the stock. Gemini Space Station traded as low as $6.19 and last traded at $6.14, with a volume of 100620 shares trading hands. The stock had previously closed at $6.38.

Several other equities analysts have also recently commented on GEMI. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Gemini Space Station in a research report on Monday, December 29th. 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 report on Monday, December 22nd. The Goldman Sachs Group dropped 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. Truist Financial lowered shares of Gemini Space Station from a “buy” rating to a “hold” rating and set a $7.00 target price for the company. in a research note on Tuesday. Finally, Evercore cut shares of Gemini Space Station from an “outperform” rating to an “in-line” rating and set a $10.00 target price on the stock. in a report on Friday, February 6th. Three investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Gemini Space Station currently has an average rating of “Hold” and an average target price of $18.36.

Key Headlines Impacting Gemini Space Station

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

• Positive Sentiment: Needham & Company kept a “buy” rating on GEMI even after cutting its price target from $23 to $10, signaling some analyst conviction that there remains upside from current levels. Article Title
• Neutral Sentiment: Cantor Fitzgerald reaffirmed a “neutral” rating but lowered its price target to $8 (from $14), reflecting reduced near‑term expectations but not an outright sell stance. Article Title
• Neutral Sentiment: Reported short‑interest data is anomalous (shows 0 shares and NaN change), so there’s no clear evidence of a significant short squeeze or heavy new shorting pressure based on that report. This leaves investor reaction driven more by fundamentals/newsflow than by short-covering. (data entry 2/19/2026)
• Negative Sentiment: Gemini disclosed the departure of three senior executives within months of its IPO — a key catalyst cited for a steep share drop; investors view the exits as increasing execution and leadership risk. Article Title
• Negative Sentiment: Media reports link the exec departures with a disappointing preliminary 2025 outlook and broader international pullback, which accelerated selling pressure. Article Title
• Negative Sentiment: Analyst reactions included downward revisions and at least one downgrade/gap‑down headline, adding selling momentum; lowered price targets (Cantor, Needham’s cut despite keeping buy) tighten near‑term upside expectations. Article Title

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. SBI Securities Co. Ltd. acquired a new position in shares of Gemini Space Station during the third quarter valued at $51,000. Engineers Gate Manager LP bought a new position in Gemini Space Station in the 4th quarter valued at about $100,000. National Bank of Canada FI acquired a new position in Gemini Space Station during the 3rd quarter valued at about $123,000. Quadrature Capital Ltd bought a new stake in shares of Gemini Space Station during the 4th quarter worth about $160,000. Finally, Aristides Capital LLC acquired a new stake in shares of Gemini Space Station in the 4th quarter worth approximately $164,000.

Gemini Space Station Price Performance

The company has a market cap of $705.90 million and a price-to-earnings ratio of -3.31. The company’s fifty day moving average is $9.62.

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.