Gemini Space Station (NASDAQ:GEMI) Downgraded by Citigroup to Sell

Citigroup lowered shares of Gemini Space Station (NASDAQ:GEMI) from a neutral rating to a sell rating in a research report sent to investors on Wednesday morning, MarketBeat Ratings reports. They currently have $5.50 price target on the stock, down from their prior price target of $13.00.

Other analysts have also recently issued research reports about the company. Rosenblatt Securities reduced their price target on Gemini Space Station from $26.00 to $11.50 and set a “buy” rating for the company in a research report on Friday, February 20th. Evercore lowered Gemini Space Station from an “outperform” rating to an “in-line” rating and set a $10.00 price objective on the stock. in a report on Friday, February 6th. The Goldman Sachs Group reduced their target price on Gemini Space Station from $19.00 to $17.00 and set a “neutral” rating for the company in a report on Friday, December 5th. Truist Financial cut Gemini Space Station from a “buy” rating to a “hold” rating and set a $7.00 target price for the company. in a research report on Tuesday, February 17th. Finally, Needham & Company LLC lowered their price target on Gemini Space Station from $23.00 to $10.00 and set a “buy” rating on the stock in a report on Wednesday, February 18th. Three research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $16.00.

Gemini Space Station Stock Down 16.2%

Gemini Space Station stock opened at $5.96 on Wednesday. Gemini Space Station has a 1-year low of $5.57 and a 1-year high of $45.89. The firm’s fifty day simple moving average is $8.18. The company has a market cap of $701.19 million and a P/E ratio of -3.29.

Insider Activity

In other news, Director Sachin Chand Jaitly sold 39,708 shares of the firm’s stock in a transaction dated Wednesday, March 11th. The stock was sold at an average price of $8.92, for a total value of $354,195.36. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Hedge Funds Weigh In On Gemini Space Station

Several large investors have recently made changes to their positions in the business. North Reef Capital Management LP bought a new position in Gemini Space Station in the 3rd quarter worth approximately $5,878,000. Dragoneer Investment Group LLC bought a new stake in shares of Gemini Space Station in the third quarter valued at approximately $38,815,000. Altimeter Capital Management LP bought a new stake in shares of Gemini Space Station in the third quarter valued at approximately $38,336,000. Ghisallo Capital Management LLC acquired a new stake in shares of Gemini Space Station in the third quarter worth $1,677,000. Finally, Atreides Management LP acquired a new stake in shares of Gemini Space Station in the third quarter worth $1,677,000.

Gemini Space Station News Roundup

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

• Neutral Sentiment: Company updated timing for its Q4 & full‑year 2025 earnings conference call — the earnings calendar and timing change can increase near‑term volatility as investors wait for results. Gemini Updates Timing of Fourth Quarter and Full Year 2025 Results Conference Call
• Neutral Sentiment: Pre‑earnings writeups flag weak post‑IPO price performance and set expectations for volatility around results — these previews can amplify downside if results miss. Gemini Space Station, Inc. Q4 2025 Earnings Preview
• Neutral Sentiment: Third‑party analyses and comparisons to peers are circulating; these pieces provide context but don’t introduce new catalysts by themselves. Analyzing Gemini Space Station (NASDAQ:GEMI) and Ridgepost Capital (NYSE:RPC)
• Negative Sentiment: Citi downgraded GEMI from Neutral to Sell and cut its price target dramatically (from $13 to $5.50), citing lower crypto price assumptions — the analyst action is the clearest immediate bearish catalyst. Gemini Space Station downgraded at Citi after Bitcoin, Ethereum price target revision
• Negative Sentiment: Multiple outlets report Citi’s downgrade and framed GEMI’s steep post‑IPO decline as likely to continue absent positive surprises — negative media narratives can reinforce selling pressure. Gemini (GEMI) Stock Plummets as Citi Slashes Rating to Sell
• Negative Sentiment: Speculative and analytical pieces warn GEMI could fall further (some suggest testing sub‑$5 levels), which may accelerate downside via sentiment-driven selling. Gemini stock: Will Winklevoss Twins’ company crash below $5 after earnings?
• Negative Sentiment: Unusually large options activity: traders bought ~9,834 put contracts (about +85% vs. typical put volume), indicating sizable bearish bets by options traders. (No link available for the raw options note.)
• Negative Sentiment: Coverage pieces summarizing the post‑IPO crash and analyst concerns amplify risk perception — continued negative headlines make short‑term recovery harder absent a clear positive catalyst. Gemini Space Station stock crashed after its IPO. Why it could fall even further.

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.