Gemini Space Station (NASDAQ:GEMI) Shares Down 4.2% After Analyst Downgrade

Gemini Space Station, Inc. (NASDAQ:GEMI) traded down 4.2% during trading on Monday after Mizuho lowered their price target on the stock from $26.00 to $12.00. Mizuho currently has an outperform rating on the stock. Gemini Space Station traded as low as $5.69 and last traded at $5.72. 445,353 shares traded hands during trading, a decline of 73% from the average session volume of 1,664,097 shares. The stock had previously closed at $5.97.

Several other equities analysts also recently commented on GEMI. Rosenblatt Securities lowered their price target on Gemini Space Station from $26.00 to $11.50 and set a “buy” rating on the stock in a report on Friday, February 20th. Morgan Stanley reduced their price objective on shares of Gemini Space Station from $29.00 to $13.00 and set an “equal weight” rating for the company in a research note on Monday, December 22nd. Needham & Company LLC lowered their target price on shares of Gemini Space Station from $10.00 to $8.00 and set a “buy” rating on the stock in a research note on Monday. Cantor Fitzgerald reiterated a “neutral” rating and issued a $8.00 target price (down from $14.00) on shares of Gemini Space Station in a report on Wednesday, February 18th. Finally, Citigroup lowered shares of Gemini Space Station from a “neutral” rating to a “sell” rating and cut their target price for the stock from $13.00 to $5.50 in a research report on Wednesday, March 18th. Three research analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $14.55.

Insider Buying and Selling at Gemini Space Station

In other news, Director Sachin Chand Jaitly sold 39,708 shares of the firm’s stock in a transaction on Wednesday, March 11th. The shares were 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 is available at this hyperlink.

Gemini Space Station News Summary

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

Institutional Trading of Gemini Space Station

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. SBI Securities Co. Ltd. bought a new position in shares of Gemini Space Station during the 3rd quarter worth about $51,000. Caitong International Asset Management Co. Ltd acquired a new stake in Gemini Space Station during the fourth quarter worth about $88,000. Engineers Gate Manager LP bought a new position in Gemini Space Station during the fourth quarter valued at about $100,000. National Bank of Canada FI acquired a new stake in shares of Gemini Space Station during the 3rd quarter worth approximately $123,000. Finally, Quadrature Capital Ltd acquired a new position in shares of Gemini Space Station in the fourth quarter valued at $160,000.

Gemini Space Station Stock Performance

The firm has a market cap of $678.84 million and a PE ratio of -3.19. The stock has a 50 day simple moving average of $7.89.

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

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.