Gemini Space Station (NASDAQ:GEMI) Hits New 52-Week Low on Analyst Downgrade

Shares of Gemini Space Station, Inc. (NASDAQ:GEMI) hit a new 52-week low on Thursday after The Goldman Sachs Group lowered their price target on the stock from $7.50 to $6.50. The Goldman Sachs Group currently has a neutral rating on the stock. Gemini Space Station traded as low as $4.91 and last traded at $4.93, with a volume of 2336807 shares changing hands. The stock had previously closed at $5.19.

A number of other research firms have also weighed in on GEMI. Weiss Ratings reiterated a “sell (d)” rating on shares of Gemini Space Station in a report on Monday, December 29th. Morgan Stanley lowered their price target 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. Citigroup cut 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 report on Wednesday, March 18th. Cantor Fitzgerald reiterated a “neutral” rating and issued a $8.00 price objective (down from $14.00) on shares of Gemini Space Station in a research report on Wednesday, February 18th. Finally, Needham & Company LLC reduced their target price 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. Three investment 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.com, the stock currently has an average rating of “Hold” and a consensus target price of $13.36.

Insider Activity

In related news, Director Sachin Chand Jaitly sold 39,708 shares of the stock in a transaction dated Wednesday, March 11th. The shares were sold at an average price of $8.92, for a total value of $354,195.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

More Gemini Space Station News

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

• Neutral Sentiment: Goldman Sachs cut its price target on GEMI to $6.50 while keeping a “neutral” rating, tempering one source of buy-side support for the stock. Benzinga: Goldman Sachs lowers PT
• Negative Sentiment: A wave of securities class actions and law‑firm solicitations has been launched against GEMI alleging misleading IPO disclosures, a concealed “corporate pivot,” and executive turmoil; firms are urging investors to file claims and noting a May 18, 2026 lead‑plaintiff deadline — increasing potential legal costs, management distraction, and downside risk. GEMI UPDATE: Hagens Berman Alerts Gemini Space Station (GEMI) Investors to Securities Class Action Kessler Topaz announces suit Pomerantz class action notice
• Negative Sentiment: Multiple other national firms (Faruqi & Faruqi, Berger Montague, Bernstein Liebhard, Bragar Eagel & Squire, Glancy Prongay Wolke, The Gross Law Firm, ClaimsFiler, etc.) are investigating or soliciting clients — signaling broad legal attention and a meaningful reputational hit. Investors face consolidation of claims and possible future settlements or judgments. Faruqi & Faruqi investor alert
• Negative Sentiment: Analyst and market commentary are turning more pessimistic beyond the PT cut: independent reports note a 52‑week low and at least one firm (Rosenblatt) issuing a negative outlook, which can accelerate selling pressure and reduce near‑term liquidity. Gemini Space Station Sets New 52-Week Low Rosenblatt issues pessimistic forecast

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Hsbc Holdings PLC bought a new position in shares of Gemini Space Station in the 4th quarter worth about $174,000. Caitong International Asset Management Co. Ltd bought a new stake in Gemini Space Station during the fourth quarter worth about $88,000. Aristides Capital LLC bought a new stake in Gemini Space Station during the fourth quarter worth about $164,000. Invesco Ltd. purchased a new stake in Gemini Space Station in the fourth quarter worth about $173,000. Finally, Quadrature Capital Ltd purchased a new stake in Gemini Space Station in the fourth quarter worth about $160,000.

Gemini Space Station Trading Down 10.5%

The company’s 50 day moving average is $7.41. The firm has a market capitalization of $483.54 million and a price-to-earnings ratio of -1.36.

Gemini Space Station (NASDAQ:GEMI) last issued its quarterly earnings results 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.

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.