Gemini Space Station (NASDAQ:GEMI) Price Target Lowered to $10.00 at Needham & Company LLC

Gemini Space Station (NASDAQ:GEMI) had its price target decreased by Needham & Company LLC from $23.00 to $10.00 in a research note issued on Wednesday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Needham & Company LLC’s price objective would suggest a potential upside of 51.75% from the company’s current price.

Several other analysts have also recently weighed in on the stock. Citigroup reduced their target price on shares of Gemini Space Station from $16.00 to $13.00 and set a “neutral” rating on the stock in a report on Monday, December 22nd. Morgan Stanley dropped their price objective on shares of 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. Evercore cut shares of Gemini Space Station from an “outperform” rating to an “in-line” rating and set a $10.00 price objective for the company. in a research report on Friday, February 6th. Truist Financial downgraded shares of Gemini Space Station from a “buy” rating to a “hold” rating and set a $7.00 target price for the company. in a research note on Tuesday. Finally, Weiss Ratings restated a “sell (d)” rating on shares of Gemini Space Station in a research note on Monday, December 29th. Three equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Gemini Space Station presently has a consensus rating of “Hold” and a consensus target price of $18.36.

Gemini Space Station Stock Performance

Shares of NASDAQ GEMI opened at $6.59 on Wednesday. Gemini Space Station has a 12-month low of $6.30 and a 12-month high of $45.89. The firm has a market capitalization of $775.31 million and a PE ratio of -3.64. The company has a fifty day moving average of $9.90.

Institutional Investors Weigh In On Gemini Space Station

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Dragoneer Investment Group LLC purchased a new position in shares of Gemini Space Station during the third quarter worth about $38,815,000. Altimeter Capital Management LP purchased a new position in shares of Gemini Space Station in the 3rd quarter valued at approximately $38,336,000. UBS Group AG purchased a new position in shares of Gemini Space Station in the 3rd quarter valued at approximately $31,994,000. Vanguard Group Inc. acquired a new position in shares of Gemini Space Station in the third quarter valued at approximately $25,656,000. Finally, Commonwealth Bank of Australia purchased a new stake in shares of Gemini Space Station during the fourth quarter worth approximately $7,086,000.

Gemini Space Station News Roundup

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

• Neutral Sentiment: Company issued preliminary FY‑2025 revenue guidance of roughly $165M–$175M, which overlaps the street consensus (~$168.9M) — a mixed signal: not a clear beat, but not a large miss either. Gemini Space Station slides 12% after preliminary 2025 outlook and executive departures
• Negative Sentiment: Three top executives (CFO, COO, CLO) abruptly departed just months after the IPO; markets view this as a major governance/execution risk and it triggered the immediate selloff. Gemini Stock Falls Sharply After Top Executives Step Down
• Negative Sentiment: Multiple outlets report the departures came amid recent job cuts and restructuring, amplifying concerns about operational stability during a critical post‑IPO period. Gemini Space Station Executives Depart Amid Job Cuts, Restructuring
• Negative Sentiment: Law firms and Block & Leviton have opened inquiries or encouraged investors to contact them about potential securities claims tied to the executive exits and share decline, increasing legal and reputational risk. Gemini Space Station, Inc. Investigated for Securities Fraud; Block & Leviton Encourages Investors Who Have Lost Money to Contact the Firm
• Negative Sentiment: Analyst reaction: Truist downgraded GEMI from Buy to Hold and cut the price target to $7.00, signaling reduced analyst confidence and limiting near‑term buy‑side support. Finviz
• Negative Sentiment: Reported increases in short interest and heavy intraday trading suggest elevated bearish positioning and volatility risk; that can magnify downside moves if sentiment worsens. (Data sources reported a notable rise in short activity for February.)

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.