Gemini Space Station (NASDAQ:GEMI) Shares Gap Down on Analyst Downgrade

Gemini Space Station, Inc. (NASDAQ:GEMI)’s share price gapped down before the market opened on Tuesday after Truist Financial downgraded the stock from a buy rating to a hold rating. The stock had previously closed at $7.56, but opened at $6.98. Truist Financial now has a $7.00 price target on the stock. Gemini Space Station shares last traded at $6.65, with a volume of 454,862 shares.

GEMI has been the topic of several other reports. Evercore lowered shares of Gemini Space Station from an “outperform” rating to an “in-line” rating and set a $10.00 price target on the stock. in a research report on Friday, February 6th. Mizuho dropped their target price on shares of Gemini Space Station from $30.00 to $26.00 and set an “outperform” rating on the stock in a report on Wednesday, December 24th. The Goldman Sachs Group cut their target price on shares of Gemini Space Station from $19.00 to $17.00 and set a “neutral” rating for the company in a research note on Friday, December 5th. Morgan Stanley lowered their price target on Gemini Space Station from $29.00 to $13.00 and set an “equal weight” rating on the stock in a research report on Monday, December 22nd. Finally, Citigroup dropped their price objective on Gemini Space Station from $16.00 to $13.00 and set a “neutral” rating on the stock in a research note on Monday, December 22nd. Four analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Gemini Space Station currently has a consensus rating of “Hold” and a consensus target price of $20.09.

Gemini Space Station News Summary

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

• Positive Sentiment: FY‑2025 revenue guidance comes in a $165M–$175M range with a midpoint (~$170M) roughly in line with consensus, which could be viewed as not materially worse than expectations. Guidance / Newsfile
• Neutral Sentiment: An analyst at Truist downgraded GEMI from Buy to Hold but set a $7 price target — only modestly above the current level — which is mixed news (less bullish conviction, but no deep cut to target). Finviz / Truist note
• Negative Sentiment: Three senior executives (including the CFO, COO and CLO) departed abruptly months after the IPO — a major governance and execution risk that triggered investor sell‑off and broader concern about leadership stability. WSJ: Executives Step Down
• Negative Sentiment: Reports link the executive exits to recent job cuts and a broader restructuring, increasing uncertainty on near‑term costs, integration of remaining leadership, and execution of post‑IPO strategy. MarketWatch: Restructuring
• Negative Sentiment: Law firms (Block & Leviton) have launched investigations into potential securities claims tied to the executive departures and the post‑IPO price decline, which could lead to litigation risk and further headline pressure. GlobeNewswire: Block & Leviton alert

Hedge Funds Weigh In On Gemini Space Station

Institutional investors and hedge funds have recently made changes to their positions in the company. Dragoneer Investment Group LLC bought a new position in Gemini Space Station during the 3rd quarter worth $38,815,000. Atreides Management LP bought a new stake in shares of Gemini Space Station in the third quarter valued at about $1,677,000. Altimeter Capital Management LP acquired a new position in shares of Gemini Space Station in the third quarter valued at about $38,336,000. Man Group plc bought a new position in Gemini Space Station during the third quarter worth about $201,000. Finally, Ghisallo Capital Management LLC bought a new position in Gemini Space Station during the third quarter worth about $1,677,000.

Gemini Space Station Trading Down 12.8%

The firm has a market cap of $775.31 million and a price-to-earnings ratio of -3.64. The stock has a 50 day moving average price of $9.90.

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.