Morgan Stanley Issues Pessimistic Forecast for Gemini Space Station (NASDAQ:GEMI) Stock Price

Gemini Space Station (NASDAQ:GEMI) had its price objective reduced by analysts at Morgan Stanley from $13.00 to $6.00 in a report released on Friday,Benzinga reports. The brokerage currently has an “equal weight” rating on the stock. Morgan Stanley’s price target suggests a potential upside of 36.05% from the company’s previous close.

A number of other research firms also recently commented on GEMI. Mizuho dropped their price objective on Gemini Space Station from $26.00 to $12.00 and set an “outperform” rating on the stock in a research note on Monday, March 23rd. Needham & Company LLC dropped their price objective on Gemini Space Station from $10.00 to $8.00 and set a “buy” rating on the stock in a research note on Monday, March 23rd. Citigroup downgraded Gemini Space Station from a “neutral” rating to a “sell” rating and dropped their price objective for the stock from $13.00 to $5.50 in a research note on Wednesday, March 18th. Evercore downgraded Gemini Space Station from an “outperform” rating to an “in-line” rating and set a $10.00 price objective on the stock. in a research note on Friday, February 6th. Finally, Truist Financial downgraded Gemini Space Station from a “buy” rating to a “hold” rating and set a $7.00 price objective on the stock. in a research note on Tuesday, February 17th. 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 company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $12.66.

Gemini Space Station Stock Down 9.4%

Shares of NASDAQ GEMI opened at $4.41 on Friday. Gemini Space Station has a fifty-two week low of $3.91 and a fifty-two week high of $45.89. The firm’s 50-day simple moving average is $6.37 and its 200 day simple moving average is $11.79. The stock has a market cap of $518.84 million and a P/E ratio of -1.46.

Gemini Space Station (NASDAQ:GEMI) last posted 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 during the quarter.

Insider Activity

In other news, Director Sachin Chand Jaitly sold 39,708 shares of the business’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 document filed with the SEC, which is available through the SEC website.

Institutional Investors Weigh In On Gemini Space Station

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Dragoneer Investment Group LLC acquired a new stake in shares of Gemini Space Station during the third quarter worth $38,815,000. Altimeter Capital Management LP acquired a new stake in shares of Gemini Space Station during the third quarter worth $38,336,000. UBS Group AG acquired a new stake in shares of Gemini Space Station during the third quarter worth $31,994,000. Vanguard Group Inc. acquired a new stake in shares of Gemini Space Station during the third quarter worth $25,656,000. Finally, Commonwealth Bank of Australia acquired a new stake in shares of Gemini Space Station during the fourth quarter worth $7,086,000.

Key Stories Impacting Gemini Space Station

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

• Positive Sentiment: Reports that potential buyers are evaluating partial acquisitions of Gemini’s business lifted intraday trading and indicate strategic interest that could unlock value for shareholders. Potential Buyers Evaluate Partial Acquisition
• Neutral Sentiment: Morgan Stanley cut its price target from $13 to $6 and set an “equal weight” rating, reducing analyst support and setting a lower benchmark for recovery expectations. Benzinga
• Neutral Sentiment: A short‑interest update released April 10 shows effectively zero reported short interest and a 0.0 days short‑interest ratio, but the data appears anomalous (NaN change) and is unlikely to explain the move by itself.
• Negative Sentiment: Hagens Berman and several other firms have filed or announced securities class actions alleging misleading IPO disclosures and executive turmoil; the litigation cites a >75% post‑IPO share decline and creates significant legal and settlement risk. Hagens Berman Notice
• Negative Sentiment: Multiple law firms (Gross Law Firm, Schall Law Firm, Faruqi & Faruqi, Pomerantz, ClaimsFiler, Bernstein Liebhard and others) are soliciting lead‑plaintiff applicants with a May 18 deadline, increasing the likelihood of consolidated litigation and prolonged headline risk. Gross Law Firm Alert
• Negative Sentiment: Pomerantz and other firms have formally filed class actions in the Southern District of New York, which may increase legal costs, management distraction, and potential future settlements or judgments. Pomerantz Filing

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.