Gemini Space Station (NASDAQ:GEMI) Price Target Cut to $8.00 by Analysts at Needham & Company LLC

Gemini Space Station (NASDAQ:GEMI) had its price target trimmed by Needham & Company LLC from $10.00 to $8.00 in a research note released on Monday,Benzinga reports. The brokerage currently has a buy rating on the stock.

GEMI has been the subject of a number of other reports. Evercore lowered shares of Gemini Space Station from an “outperform” rating to an “in-line” rating and set a $10.00 price objective for the company. in a research note on Friday, February 6th. Cantor Fitzgerald reiterated a “neutral” rating and set a $8.00 price objective (down from $14.00) on shares of Gemini Space Station in a research report on Wednesday, February 18th. Truist Financial lowered Gemini Space Station from a “buy” rating to a “hold” rating and set a $7.00 target price for the company. in a report on Tuesday, February 17th. Citigroup cut Gemini Space Station from a “neutral” rating to a “sell” rating and decreased their target price for the stock from $13.00 to $5.50 in a research report on Wednesday, March 18th. Finally, Mizuho decreased 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. Three research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $14.55.

Gemini Space Station Trading Down 3.4%

GEMI opened at $5.77 on Monday. The company has a market cap of $678.84 million and a price-to-earnings ratio of -3.19. The stock’s fifty day moving average is $7.89. Gemini Space Station has a fifty-two week low of $5.49 and a fifty-two week high of $45.89.

Gemini Space Station (NASDAQ:GEMI) last announced its earnings results on Thursday, March 19th. The company reported ($1.22) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($1.06) by ($0.16). The firm had revenue of $60.34 million during the quarter.

Insider Activity at Gemini Space Station

In related news, Director Sachin Chand Jaitly sold 39,708 shares of the firm’s stock in a transaction that occurred on Wednesday, March 11th. The shares were sold at an average price of $8.92, for a total transaction of $354,195.36. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. SBI Securities Co. Ltd. acquired a new position in Gemini Space Station during the third quarter worth $51,000. Caitong International Asset Management Co. Ltd bought a new stake in Gemini Space Station during the fourth quarter worth approximately $88,000. Engineers Gate Manager LP acquired a new position in Gemini Space Station during the fourth quarter valued at approximately $100,000. National Bank of Canada FI bought a new position in shares of Gemini Space Station in the third quarter valued at approximately $123,000. Finally, Quadrature Capital Ltd acquired a new stake in shares of Gemini Space Station in the fourth quarter worth $160,000.

Key Headlines Impacting Gemini Space Station

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

• Positive Sentiment: Needham continued to support GEMI with a Buy rating (reduced price target to $8) citing a refocused core strategy and in‑house initiatives — this leaves a near‑term analyst buyer base. Refocused Core Strategy and In‑House Prediction Markets Underpin Buy Rating
• Neutral Sentiment: Mizuho cut its price target sharply from $26 to $12 but kept an “outperform” rating — the lower target reduces upside expectations even though the rating remains constructive. Mizuho Lowers Price Target
• Neutral Sentiment: Evercore ISI issued a Hold on GEMI, which is neutral for near‑term buying pressure and may limit momentum. Evercore ISI Hold
• Neutral Sentiment: Reported short‑interest data is effectively zero/erroneous for March (shows 0 shares and NaN change), so shorting activity does not appear to be a current driver — treat that data cautiously.
• Negative Sentiment: Shareholders are facing new securities class action activity: Barrack, Rodos & Bacine has notified investors of a suit tied to the IPO/class period, adding legal overhang and potential settlement risk. Barrack, Rodos & Bacine Notice
• Negative Sentiment: Faruqi & Faruqi is investigating potential claims and reminded investors of a May 18, 2026 lead‑plaintiff deadline, reinforcing litigation headlines that can pressure the stock. Faruqi & Faruqi Reminder
• Negative Sentiment: Recent weak quarterly results and an EPS miss have driven the stock to a new 12‑month low, a clear negative catalyst for sentiment and likely the primary reason for today’s decline. GEMI Hits New 12‑Month Low Following Weak Earnings

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.