Gemini Space Station (NASDAQ:GEMI) Stock Price Down 6.8% Following Analyst Downgrade

Key Points

• Stock down 6.8% after Morgan Stanley cut its price target from $13.00 to $6.00 and assigned an equal‑weight rating; shares traded as low as $4.61 (last $4.538) on midday volume of 728,449, down ~58% from average.
• Analyst views are mixed—consensus is a Hold with a $12.66 target but multiple firms have trimmed price targets—and the company recently missed quarterly EPS (loss of $1.22 vs. -$1.06 est) while facing securities class‑action filings, increasing downside/legal risk.

Gemini Space Station, Inc. (NASDAQ:GEMI - Get Free Report)'s stock price fell 6.8% on Friday after Morgan Stanley lowered their price target on the stock from $13.00 to $6.00. Morgan Stanley currently has an equal weight rating on the stock. Gemini Space Station traded as low as $4.61 and last traded at $4.5380. 728,449 shares were traded during mid-day trading, a decline of 58% from the average session volume of 1,737,908 shares. The stock had previously closed at $4.87.

A number of other equities research analysts have also recently weighed in on the company. Weiss Ratings reaffirmed a "sell (d)" rating on shares of Gemini Space Station in a research note on Monday, December 29th. Evercore downgraded Gemini Space Station from an "outperform" rating to an "in-line" rating and set a $10.00 price target for the company. in a report on Friday, February 6th. Needham & Company LLC lowered their price objective on Gemini Space Station from $10.00 to $8.00 and set a "buy" rating for the company in a research report on Monday, March 23rd. Rosenblatt Securities decreased their target price on Gemini Space Station from $11.50 to $9.00 and set a "buy" rating for the company in a research note on Tuesday, March 24th. Finally, Cantor Fitzgerald restated a "neutral" rating and issued a $8.00 target price (down from $14.00) on shares of Gemini Space Station in a report on Wednesday, February 18th. Three research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, Gemini Space Station presently has a consensus rating of "Hold" and a consensus target price of $12.66.

Insider Transactions at Gemini Space Station

In other Gemini Space Station news, Director Sachin Chand Jaitly sold 39,708 shares of the firm's 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

More Gemini Space Station News

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

• Positive Sentiment: Reports that potential buyers are evaluating partial acquisitions of Gemini’s business (including possible sales of parts of its European operations) have driven buying interest because a sale or carve‑out could unlock value or provide liquidity. Potential Buyers Evaluate Partial Acquisition of Gemini Exchange: CoinDesk
• Neutral Sentiment: The Goldman Sachs Group cut its price target from $6.50 to $5.75 and set a "neutral" rating; the new PT still implies roughly an 18% upside from the current price, so the change signals tempered expectations but not a sell stance. Goldman Sachs price target note
• Neutral Sentiment: Some outlets report other analyst target moves (e.g., a noted decrease to $10.71 on aggregated pages), reflecting mixed analyst views and contributing to volatility as investors parse differing valuations. MSN price target note
• Negative Sentiment: Morgan Stanley materially lowered its price target from $13.00 to $6.00 and assigned an "equal weight" rating; while the new PT still implies ~23% upside from the current price, the large cut signals weaker confidence in upside scenarios and can weigh on sentiment. Morgan Stanley price target cut
• Negative Sentiment: Multiple securities‑class‑action filings and investor‑notice campaigns (Hagens Berman, Pomerantz, Bernstein Liebhard, Faruqi & Faruqi, ClaimsFiler and others) cite alleged misstatements around the IPO and executive disclosures; increased litigation risk raises potential legal costs, distraction for management and downside risk to valuation. Hagens Berman class action notice

Institutional Investors Weigh In On Gemini Space Station

Large investors have recently added to or reduced their stakes in the business. SBI Securities Co. Ltd. acquired a new position in shares of Gemini Space Station during the 3rd quarter worth approximately $51,000. Caitong International Asset Management Co. Ltd purchased a new position in Gemini Space Station in the 4th quarter valued at about $88,000. Engineers Gate Manager LP acquired a new stake in shares of Gemini Space Station during the 4th quarter worth about $100,000. National Bank of Canada FI purchased a new stake in shares of Gemini Space Station during the third quarter worth about $123,000. Finally, Quadrature Capital Ltd acquired a new position in shares of Gemini Space Station in the fourth quarter valued at approximately $160,000.

Gemini Space Station Stock Down 6.8%

The firm's 50 day moving average is $6.45 and its 200-day moving average is $11.84. The firm has a market cap of $534.15 million and a PE ratio of -1.50.

Gemini Space Station (NASDAQ:GEMI - Get Free Report) last issued its quarterly 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 during the quarter.

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.

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