Needham & Company LLC Cuts Gemini Space Station (NASDAQ:GEMI) Price Target to $8.00

Gemini Space Station (NASDAQ:GEMI) had its price objective trimmed by Needham & Company LLC from $10.00 to $8.00 in a research report released on Monday morning,Benzinga reports. The firm currently has a buy rating on the stock.

GEMI has been the topic of several other research reports. Evercore downgraded shares of 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. Morgan Stanley lowered 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 research note on Monday, December 22nd. The Goldman Sachs Group cut their price target on Gemini Space Station from $19.00 to $17.00 and set a “neutral” rating for the company in a report on Friday, December 5th. Rosenblatt Securities reduced their price target on Gemini Space Station from $26.00 to $11.50 and set a “buy” rating on the stock in a research note on Friday, February 20th. Finally, Weiss Ratings restated a “sell (d)” rating on shares of Gemini Space Station in a report on Monday, December 29th. Three equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $14.32.

Gemini Space Station Trading Down 5.0%

GEMI opened at $4.93 on Monday. The firm has a market capitalization of $580.01 million and a price-to-earnings ratio of -2.72. The firm’s fifty day moving average is $7.67. Gemini Space Station has a 52 week low of $4.91 and a 52 week high of $45.89.

Gemini Space Station (NASDAQ:GEMI) last announced its earnings results on Thursday, March 19th. The company reported ($1.22) earnings per share for the quarter, missing the consensus estimate of ($1.06) by ($0.16). The company had revenue of $60.34 million for the quarter.

Insider Transactions at Gemini Space Station

In related news, Director Sachin Chand Jaitly sold 39,708 shares of the business’s stock in a transaction that occurred on 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.

Hedge Funds Weigh In On Gemini Space Station

A number of hedge funds have recently made changes to their positions in the stock. SBI Securities Co. Ltd. purchased a new stake in shares of Gemini Space Station during the 3rd quarter valued at $51,000. National Bank of Canada FI purchased a new position in shares of Gemini Space Station in the 3rd quarter worth $123,000. Man Group plc acquired a new position in Gemini Space Station in the third quarter valued at $201,000. Caitong International Asset Management Co. Ltd acquired a new position in Gemini Space Station in the fourth quarter valued at $88,000. Finally, Sandia Investment Management LP purchased a new stake in Gemini Space Station during the third quarter valued at about $228,000.

Key Gemini Space Station News

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

• Neutral Sentiment: Rosenblatt trimmed its price target to $9.00 from $11.50 but kept a “buy” rating — a downward revision that still leaves upside but reduces analyst support. Rosenblatt lowers PT
• Neutral Sentiment: Reported short‑interest data in recent feeds is inconsistent/odd (zeros/NaN), so the short‑interest signal is unclear and should not be relied on until clarified by an official exchange filing.
• Negative Sentiment: Q4 / FY results disappointed — management missed EPS expectations (quarterly EPS shortfall noted in transcripts) and the earnings/call transcripts are drawing investor scrutiny for growth/profitability outlooks. Gemini Space Station (GEMI) Earnings Transcript
• Negative Sentiment: The Law Offices of Frank R. Cruz announced a securities‑fraud investigation into GEMI, citing potential federal securities law violations tied to prior disclosures. Investigations increase legal risk and can materially pressure share prices. Frank R. Cruz investigation
• Negative Sentiment: Hagens Berman and multiple other plaintiff firms have filed or are soliciting participation in class actions alleging misleading IPO disclosures and strategy shifts; numerous firms (Berger Montague, Faruqi & Faruqi, Levi & Korsinsky, Schall, Bernstein Liebhard, Gross, etc.) have issued alerts and reminder deadlines — creating a sustained legal overhang and potential future liabilities. Hagens Berman class action alert
• Negative Sentiment: Multiple analysts/firms (including an analyst noted in recent coverage and broker reports from Needham and Mizuho) have lowered expectations and trimmed targets, adding downward pressure on sentiment and reducing coverage tailwinds. Analyst cuts GEMI target

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.