Gemini Space Station (NASDAQ:GEMI) Rating Increased to Hold at Wall Street Zen

Wall Street Zen upgraded shares of Gemini Space Station (NASDAQ:GEMI) from a strong sell rating to a hold rating in a research report sent to investors on Saturday.

Other research analysts have also recently issued reports about the company. Mizuho reduced their target price on Gemini Space Station from $26.00 to $12.00 and set an “outperform” rating for the company in a research report on Monday, March 23rd. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $8.00 price target (down from $14.00) on shares of Gemini Space Station in a research note on Wednesday, February 18th. Morgan Stanley decreased their price target on Gemini Space Station from $13.00 to $6.00 and set an “equal weight” rating on the stock in a research note on Friday, April 10th. Needham & Company LLC decreased their price target 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. Finally, Evercore lowered 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 note on Friday, February 6th. Three 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. Based on data from MarketBeat, Gemini Space Station has a consensus rating of “Hold” and a consensus price target of $12.52.

Gemini Space Station Price Performance

Shares of GEMI stock opened at $5.58 on Friday. The stock has a market cap of $669.54 million and a P/E ratio of -1.84. Gemini Space Station has a one year low of $3.91 and a one year high of $45.89. The stock has a fifty day moving average price of $5.43 and a 200 day moving average price of $8.89.

Gemini Space Station (NASDAQ:GEMI) last issued its earnings results on Thursday, May 14th. The company reported ($0.93) EPS for the quarter, missing the consensus estimate of ($0.90) by ($0.03). The company had revenue of $50.27 million during the quarter. Gemini Space Station’s quarterly revenue was up 38.3% compared to the same quarter last year. Equities research analysts anticipate that Gemini Space Station will post -3.56 EPS for the current year.

Insider Buying and Selling

In related 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 value of $354,195.36. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Hedge Funds Weigh In On Gemini Space Station

Several institutional investors have recently bought and sold shares of the business. Gryphon Financial Partners LLC bought a new position in Gemini Space Station in the 1st quarter valued at $145,000. Apollon Wealth Management LLC bought a new position in Gemini Space Station in the 1st quarter valued at $44,000. Hsbc Holdings PLC bought a new position in Gemini Space Station in the 4th quarter valued at $174,000. Caitong International Asset Management Co. Ltd bought a new position in Gemini Space Station in the 4th quarter valued at $88,000. Finally, Aristides Capital LLC bought a new position in Gemini Space Station in the 4th quarter valued at $164,000.

Key Stories Impacting Gemini Space Station

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

• Positive Sentiment: Gemini reported a smaller-than-expected Q1 loss of $0.93 per share versus estimates for a $1.07 loss, while revenue rose 42% year over year to $50.27 million, signaling continued operating improvement. Article Title
• Positive Sentiment: The company also secured a $100 million strategic investment from Winklevoss Capital Fund, which investors appear to view as a lifeline that strengthens Gemini’s balance sheet and supports its push beyond crypto trading into prediction markets and broader financial services. Article Title
• Neutral Sentiment: Unusual options activity also suggests traders are positioning for a larger move in GEMI, with call volume more than doubling its average. Article Title
• Negative Sentiment: Multiple law firms issued fresh reminders about a securities class action tied to Gemini’s IPO and alleged disclosures, which keeps litigation risk in focus and could weigh on sentiment. Article Title

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.