Gemini Space Station (NASDAQ:GEMI) Shares Up 10.4% – Still a Buy?

Gemini Space Station, Inc. (NASDAQ:GEMI) traded up 10.4% during mid-day trading on Friday . The stock traded as high as $7.57 and last traded at $7.40. 343,399 shares changed hands during trading, a decline of 77% from the average session volume of 1,498,537 shares. The stock had previously closed at $6.70.

More Gemini Space Station News

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

• Positive Sentiment: Management announced a broad restructuring to cut about 25% of staff and exit the U.K., EU and Australia to focus on the U.S. and prediction markets — a move that should reduce burn and extend runway if executed cleanly. Yahoo: Gemini Slashes Staff, Exits Europe Amid Crypto Downturn
• Neutral Sentiment: Evercore ISI downgraded GEMI from “outperform” to “in-line” but set a $10 price target (still above current levels), signaling mixed analyst views — a rating cut that tempers enthusiasm but leaves upside per the new PT. Finviz: Evercore downgrade
• Negative Sentiment: Widespread media coverage frames the cuts and regional exits as a retreat driven by the crypto downturn; headlines and reports from multiple outlets are likely weighing on sentiment and could pressure near-term trading. Reuters: Gemini plans cut 200 jobs
• Negative Sentiment: Other outlets report the firm will shutter accounts/operations in Australia and scale down globally — steps that reduce addressable revenue in the near term and increase execution risk around the strategic refocus. MSN: Gemini to cut jobs, scale down
• Negative Sentiment: At least one aggregated report notes a lowered price target for GEMI (an ~11% cut to $20.45), adding to downward pressure from analysts trimming forecasts amid weaker crypto market conditions. MSN: price target decreased

Wall Street Analysts Forecast Growth

GEMI has been the topic of a number of research analyst reports. Citigroup reduced their target price on Gemini Space Station from $16.00 to $13.00 and set a “neutral” rating on the stock in a report on Monday, December 22nd. Evercore ISI lowered 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. The Goldman Sachs Group decreased their target price on Gemini Space Station from $19.00 to $17.00 and set a “neutral” rating on the stock in a research report on Friday, December 5th. Morgan Stanley dropped their target price on shares of Gemini Space Station from $29.00 to $13.00 and set an “equal weight” rating for the company in a report on Monday, December 22nd. Finally, Cantor Fitzgerald decreased their price target on shares of Gemini Space Station from $25.00 to $14.00 and set an “overweight” rating on the stock in a report on Thursday, January 29th. Five equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $21.00.

Gemini Space Station Price Performance

The stock’s 50-day moving average price is $10.49. The stock has a market cap of $900.02 million and a PE ratio of -4.23.

Gemini Space Station (NASDAQ:GEMI) last released its quarterly earnings data on Monday, November 10th. The company reported ($1.81) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.82) by ($0.99). The firm had revenue of $50.62 million during the quarter, compared to the consensus estimate of $45.87 million.

Institutional Trading of Gemini Space Station

Institutional investors have recently modified their holdings of the business. SG Americas Securities LLC acquired a new stake in Gemini Space Station in the third quarter worth $325,000. Wealth Enhancement Advisory Services LLC bought a new position in shares of Gemini Space Station during the 3rd quarter worth about $248,000. SBI Securities Co. Ltd. acquired a new stake in shares of Gemini Space Station in the 3rd quarter valued at about $51,000. Ground Swell Capital LLC bought a new stake in Gemini Space Station in the 3rd quarter valued at about $229,000. Finally, Vanguard Group Inc. bought a new stake in Gemini Space Station in the 3rd quarter valued at about $25,656,000.

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.