Gemini Space Station (NASDAQ:GEMI) Trading Up 7% – Still a Buy?

Shares of Gemini Space Station, Inc. (NASDAQ:GEMI) traded up 7% during mid-day trading on Friday . The stock traded as high as $4.72 and last traded at $4.75. 411,955 shares traded hands during trading, a decline of 76% from the average session volume of 1,711,416 shares. The stock had previously closed at $4.44.

More Gemini Space Station News

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

• Positive Sentiment: Olympus (an affiliate of Gemini) received a Derivatives Clearing Organization (DCO) license from the CFTC, allowing it to act as a clearinghouse for regulated derivatives (including prediction markets). This is a tangible regulatory approval that could enable new revenue streams over time if Olympus/SSE products gain traction. Gemini Receives DCO License Approval From CFTC
• Neutral Sentiment: Multiple plaintiff firms and notice services are alerting shareholders about a May 18 deadline to apply to be lead plaintiff in securities litigation tied to the IPO and subsequent disclosures. These notices are procedural but increase visibility of the litigation and may consolidate claim activity. Gemini Space Station, Inc. (GEMI) Shareholders Who Lost Money Have Opportunity to Lead Securities Fraud Lawsuit
• Negative Sentiment: Multiple class actions have been filed or publicly announced against Gemini and certain officers (Pomerantz, Hagens Berman, others), alleging the IPO disclosures concealed an impending “corporate pivot” and that executives signed misleading certifications. Those claims raise legal, financial and reputational risk and are likely a primary driver of ongoing selling pressure. Gemini Space Station (GEMI) Facing Securities Class Action Following 75% Post-IPO Collapse – Hagens Berman
• Negative Sentiment: Citigroup cut its price target on GEMI to $4.00, signaling analyst skepticism about the company’s near-term fundamentals and reflecting the heightened legal and execution risk. Analyst downgrades/cuts often exacerbate short-term downside and reduce support from institutional buyers. Citigroup Cuts Gemini Space Station (NASDAQ:GEMI) Price Target to $4.00

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the company. Citigroup cut their target price on Gemini Space Station from $5.50 to $4.00 and set a “sell” rating for the company in a research note on Tuesday. The Goldman Sachs Group cut their target price on Gemini Space Station from $6.50 to $5.75 and set a “neutral” rating for the company in a research note on Wednesday, April 8th. Needham & Company LLC cut their target price on Gemini Space Station from $10.00 to $8.00 and set a “buy” rating for the company in a research note on Monday, March 23rd. Mizuho cut their target price on Gemini Space Station from $26.00 to $12.00 and set an “outperform” rating for the company in a research note on Monday, March 23rd. Finally, Morgan Stanley cut their target price on Gemini Space Station from $13.00 to $6.00 and set an “equal weight” rating for the company in a research note on Friday, April 10th. Three analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $12.52.

Gemini Space Station Price Performance

The stock has a 50 day moving average price of $5.67 and a two-hundred day moving average price of $9.96. The firm has a market capitalization of $568.13 million and a price-to-earnings ratio of -1.56.

Gemini Space Station (NASDAQ:GEMI) last issued its quarterly earnings data on Thursday, March 19th. The company reported ($1.22) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.06) by ($0.16). The firm had revenue of $60.34 million during the quarter. As a group, research analysts expect that Gemini Space Station, Inc. will post -3.56 earnings per share for the current fiscal year.

Insider Buying and Selling at Gemini Space Station

In other news, Director Sachin Chand Jaitly sold 39,708 shares of Gemini Space Station stock in a transaction on Wednesday, March 11th. The stock was sold at an average price of $8.92, for a total value of $354,195.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. SBI Securities Co. Ltd. purchased a new position in Gemini Space Station in the third quarter valued at $51,000. National Bank of Canada FI purchased a new position in Gemini Space Station in the third quarter valued at $123,000. Man Group plc purchased a new position in Gemini Space Station in the third quarter valued at $201,000. Caitong International Asset Management Co. Ltd purchased a new position in Gemini Space Station in the fourth quarter valued at $88,000. Finally, Sandia Investment Management LP purchased a new position in Gemini Space Station in the third quarter valued at $228,000.

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.