Gemini Space Station, Inc. (NASDAQ:GEMI) Receives $12.66 Consensus Price Target from Brokerages

Gemini Space Station, Inc. (NASDAQ:GEMI) has been assigned an average recommendation of “Hold” from the thirteen brokerages that are currently covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, eight have issued a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $12.5227.

Several research firms recently issued reports on GEMI. Rosenblatt Securities lowered their price objective on Gemini Space Station from $11.50 to $9.00 and set a “buy” rating on the stock in a research report on Tuesday, March 24th. Mizuho lowered their price objective on Gemini Space Station from $26.00 to $12.00 and set an “outperform” rating on the stock in a research report on Monday, March 23rd. Morgan Stanley lowered their price objective on Gemini Space Station from $13.00 to $6.00 and set an “equal weight” rating on the stock in a research report on Friday, April 10th. The Goldman Sachs Group lowered their price objective on Gemini Space Station from $6.50 to $5.75 and set a “neutral” rating on the stock in a research report on Wednesday, April 8th. Finally, Truist Financial cut Gemini Space Station from a “buy” rating to a “hold” rating and set a $7.00 price objective on the stock. in a research report on Tuesday, February 17th.

Gemini Space Station News Roundup

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

• Positive Sentiment: Olympus affiliate received a DCO license from the CFTC, enabling the company to operate a regulated derivatives‑clearing business (a potential new revenue stream and strategic asset). Gemini Receives DCO License From CFTC
• Negative Sentiment: Hagens Berman notified investors that a securities class action has been filed against Gemini and its founders after the stock fell sharply post‑IPO — this increases legal and reputational risk and may pressure the share price. Hagens Berman Notice
• Negative Sentiment: Pomerantz LLP filed a class action in the Southern District of New York alleging claims tied to the company’s IPO and subsequent disclosures — adds another front of litigation and potential discovery/settlement exposure. Pomerantz Class Action Filing
• Negative Sentiment: Multiple plaintiff law firms and claim‑services (Glancy Prongay Wolke & Rotter, The Gross Law Firm, Bragar Eagel & Squire, Faruqi & Faruqi, ClaimsFiler) are soliciting lead‑plaintiff applications ahead of a May 18 deadline — the concentrated legal activity underscores elevated litigation risk and could prolong headline volatility. Glancy Lead Plaintiff Notice
• Negative Sentiment: Complaints allege the company concealed a disruptive business pivot and that executives signed misleading certifications — if these allegations lead to regulatory scrutiny or prove material, they could further harm fundamentals and valuation. SueWallSt Allegations
• Negative Sentiment: Citigroup cut its price target on GEMI to $4.00, signaling lowered near‑term expectations from a major sell‑side firm and potentially limiting upside in the near term. Citigroup Price Target Cut

Insider Transactions at Gemini Space Station

In related news, Director Sachin Chand Jaitly sold 39,708 shares of the company’s stock in a transaction that occurred on Wednesday, March 11th. The stock was sold at an average price of $8.92, for a total value of $354,195.36. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

Hedge Funds Weigh In On Gemini Space Station

Several hedge funds and other institutional investors have recently added to or reduced their stakes in GEMI. Apollon Wealth Management LLC bought a new stake in Gemini Space Station in the 1st quarter worth approximately $44,000. SBI Securities Co. Ltd. bought a new stake in Gemini Space Station in the 3rd quarter worth approximately $51,000. Caitong International Asset Management Co. Ltd bought a new stake in Gemini Space Station in the 4th quarter worth approximately $88,000. Engineers Gate Manager LP bought a new stake in Gemini Space Station in the 4th quarter worth approximately $100,000. Finally, National Bank of Canada FI bought a new stake in Gemini Space Station in the 3rd quarter worth approximately $123,000.

Gemini Space Station Stock Performance

Shares of NASDAQ GEMI opened at $4.72 on Friday. Gemini Space Station has a fifty-two week low of $3.91 and a fifty-two week high of $45.89. The company has a 50 day simple moving average of $5.67 and a two-hundred day simple moving average of $9.96. The company has a market capitalization of $566.35 million and a price-to-earnings ratio of -1.56.

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 analysts’ consensus estimates of ($1.06) by ($0.16). The business had revenue of $60.34 million for the quarter. On average, analysts forecast that Gemini Space Station will post -3.56 earnings per share for the current fiscal year.

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.