Rosenblatt Securities Issues Pessimistic Forecast for Gemini Space Station (NASDAQ:GEMI) Stock Price

Gemini Space Station (NASDAQ:GEMI) had its price objective lowered by equities research analysts at Rosenblatt Securities from $11.50 to $9.00 in a research note issued on Tuesday,Benzinga reports. The firm currently has a “buy” rating on the stock. Rosenblatt Securities’ target price would indicate a potential upside of 68.07% from the company’s previous close.

GEMI has been the topic of several other reports. Mizuho cut their price objective on shares of Gemini Space Station from $26.00 to $12.00 and set an “outperform” rating on the stock in a research report on Monday. The Goldman Sachs Group dropped their price target on Gemini Space Station from $19.00 to $17.00 and set a “neutral” rating on the stock in a research note on Friday, December 5th. 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 report on Friday, February 6th. Weiss Ratings reiterated a “sell (d)” rating on shares of Gemini Space Station in a report on Monday, December 29th. Finally, Cantor Fitzgerald reissued a “neutral” rating and issued a $8.00 target price (down from $14.00) on shares of Gemini Space Station in a research report on Wednesday, February 18th. Three research analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $14.32.

Gemini Space Station Trading Down 7.2%

GEMI stock traded down $0.42 during mid-day trading on Tuesday, hitting $5.36. 1,354,935 shares of the company were exchanged, compared to its average volume of 1,690,009. The company has a market cap of $630.02 million and a price-to-earnings ratio of -2.96. The business has a 50 day simple moving average of $7.89. Gemini Space Station has a 1-year low of $5.22 and a 1-year high of $45.89.

Gemini Space Station (NASDAQ:GEMI) last released its quarterly 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 firm had revenue of $60.34 million for the quarter.

Insider Activity

In related news, Director Sachin Chand Jaitly sold 39,708 shares of the company’s stock in a transaction dated Wednesday, March 11th. The stock was sold at an average price of $8.92, for a total transaction of $354,195.36. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. North Reef Capital Management LP bought a new position in Gemini Space Station during the third quarter worth $5,878,000. Dragoneer Investment Group LLC bought a new position in shares of Gemini Space Station in the third quarter valued at about $38,815,000. Altimeter Capital Management LP acquired a new stake in shares of Gemini Space Station during the 3rd quarter worth about $38,336,000. Atreides Management LP acquired a new stake in shares of Gemini Space Station during the 3rd quarter worth about $1,677,000. Finally, Ghisallo Capital Management LLC bought a new stake in shares of Gemini Space Station during the 3rd quarter worth about $1,677,000.

Key Headlines Impacting Gemini Space Station

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

• Positive Sentiment: Needham reaffirmed a Buy rating on GEMI while lowering its price target to $8, keeping institutional buy-side support despite a reduced headline target. Refocused Core Strategy and In‑House Prediction Markets Underpin Buy Rating on Gemini Space Station, Inc.
• Neutral Sentiment: Mizuho cut its price target sharply from $26 to $12 but kept an “outperform” rating — a material downgrade in upside expectations even though the firm still sees long-term outperformance potential. Mizuho price target note (Benzinga)
• Neutral Sentiment: Reported short-interest data in filings appears inconsistent (shows zero shares and NaN changes), so there is no clear short-squeeze or coordinated shorting signal from the available data.
• Negative Sentiment: Multiple law firms have issued shareholder alerts or filed securities class actions alleging misstatements around the IPO and subsequent disclosures — a major near-term legal overhang that increases potential liabilities and investor uncertainty. Barrack, Rodos & Bacine notified shareholders of a class action. Barrack, Rodos & Bacine notice
• Negative Sentiment: Additional shareholder alerts filed by Bernstein Liebhard LLP and The Gross Law Firm expand the pool of potential claimants and media attention, compounding downside risk. Bernstein Liebhard alert The Gross Law Firm alert
• Negative Sentiment: Faruqi & Faruqi, LLP issued a shareholder reminder about the May 18, 2026 deadline for claims — another sign the litigation campaign is active and ongoing. Faruqi & Faruqi reminder
• Negative Sentiment: Wall Street coverage turned more cautious: a noted analyst cut GEMI’s target by ~20%, signaling reduced conviction among some sell-side analysts and lowering near-term sentiment. Wall Street analyst cuts 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.