Gemini Space Station (NASDAQ:GEMI) Price Target Cut to $6.50 by Analysts at The Goldman Sachs Group

Gemini Space Station (NASDAQ:GEMI) had its price target lowered by The Goldman Sachs Group from $7.50 to $6.50 in a research note released on Thursday,Benzinga reports. The brokerage currently has a neutral rating on the stock.

Several other brokerages have also commented on GEMI. Morgan Stanley lowered their price objective on Gemini Space Station from $29.00 to $13.00 and set an “equal weight” rating for the company in a research report on Monday, December 22nd. Evercore lowered shares of Gemini Space Station from an “outperform” rating to an “in-line” rating and set a $10.00 price target for the company. in a research note on Friday, February 6th. Weiss Ratings reissued a “sell (d)” rating on shares of Gemini Space Station in a research report on Monday, December 29th. Mizuho cut their price objective on shares of Gemini Space Station from $26.00 to $12.00 and set an “outperform” rating on the stock in a report on Monday. Finally, Truist Financial downgraded 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, February 17th. Three analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $13.36.

Gemini Space Station Stock Down 6.9%

Shares of GEMI opened at $4.59 on Thursday. The business has a 50-day moving average of $7.55. The stock has a market capitalization of $540.01 million and a price-to-earnings ratio of -1.51. Gemini Space Station has a one year low of $4.55 and a one year high of $45.89.

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

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 stock was sold at an average price of $8.92, for a total transaction of $354,195.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Institutional Trading of Gemini Space Station

Several institutional investors have recently bought and sold shares of GEMI. SG Americas Securities LLC purchased a new position in Gemini Space Station in the third quarter worth about $325,000. Wealth Enhancement Advisory Services LLC bought a new position in shares of Gemini Space Station in the third quarter worth approximately $248,000. SBI Securities Co. Ltd. purchased a new stake in shares of Gemini Space Station during the third quarter valued at approximately $51,000. Ground Swell Capital LLC purchased a new stake in shares of Gemini Space Station during the third quarter valued at approximately $229,000. Finally, Vanguard Group Inc. bought a new stake in shares of Gemini Space Station during the third quarter valued at approximately $25,656,000.

Key Headlines Impacting Gemini Space Station

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

• Neutral Sentiment: Goldman Sachs lowered its price target on GEMI to $6.50 and assigned a “neutral” rating, signaling reduced near‑term expectations even while the new target implies upside from the current level. Goldman Sachs lowers price target
• Neutral Sentiment: Gemini reported a March quarter EPS miss (reported ($1.22) vs. ($1.06) consensus) with ~$60M revenue, a prior result that set the stage for analyst scrutiny and legal challenges. Earnings Transcript
• Negative Sentiment: Multiple class action lawsuits have been filed alleging the IPO and offering documents concealed an impending “corporate pivot” and executive turmoil; several national plaintiff firms are soliciting lead plaintiffs and reminding investors of a May 18, 2026 deadline. This concentrated litigation flow is likely the primary driver of selling pressure. Hagens Berman class action alert
• Negative Sentiment: Several securities‑fraud investigations have been announced by firms (Glancy Prongay Wolke & Rotter, Frank R. Cruz, Kessler Topaz and others), increasing the odds of regulatory scrutiny and potential legal costs or disclosures that could weigh on the shares. Glancy Prongay Wolke & Rotter investigation
• Negative Sentiment: Analysts have pulled back: Rosenblatt and others issued pessimistic notes or lowered targets, and multiple firms have reduced expectations — contributing to downgrades and negative sentiment around valuation and growth assumptions. Rosenblatt pessimistic forecast
• Negative Sentiment: The stock recently hit a new 52‑week low, reflecting weak market confidence amid the combination of legal, investigatory and analyst pressures. New lows can prompt additional selling from momentum and stop‑loss programs. 52‑week low report

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.