Mizuho Cuts Gemini Space Station (NASDAQ:GEMI) Price Target to $12.00

Gemini Space Station (NASDAQ:GEMI) had its target price trimmed by Mizuho from $26.00 to $12.00 in a research note published on Monday morning,Benzinga reports. The firm currently has an outperform rating on the stock.

Other equities analysts have also issued reports about the stock. Rosenblatt Securities dropped their price objective on shares of Gemini Space Station from $26.00 to $11.50 and set a “buy” rating on the stock in a research report on Friday, February 20th. The Goldman Sachs Group reduced their target price on shares of Gemini Space Station from $19.00 to $17.00 and set a “neutral” rating for the company in a report on Friday, December 5th. Weiss Ratings reiterated a “sell (d)” rating on shares of Gemini Space Station in a research note on Monday, December 29th. Truist Financial cut shares of Gemini Space Station from a “buy” rating to a “hold” rating and set a $7.00 price target on the stock. in a report on Tuesday, February 17th. Finally, Morgan Stanley reduced their price objective on Gemini Space Station from $29.00 to $13.00 and set an “equal weight” rating for the company in a report on Monday, December 22nd. Three research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $14.32.

Gemini Space Station Price Performance

Shares of NASDAQ GEMI opened at $4.93 on Monday. Gemini Space Station has a 12 month low of $4.91 and a 12 month high of $45.89. The business’s 50 day simple moving average is $7.67. The company has a market cap of $580.01 million and a P/E ratio of -2.72.

Gemini Space Station (NASDAQ:GEMI) last posted 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 company had revenue of $60.34 million during the quarter.

Insider Buying and Selling at Gemini Space Station

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

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Dragoneer Investment Group LLC acquired a new position in Gemini Space Station during the third quarter valued at approximately $38,815,000. Altimeter Capital Management LP acquired a new stake in shares of Gemini Space Station in the 3rd quarter valued at $38,336,000. UBS Group AG bought a new position in shares of Gemini Space Station in the 3rd quarter valued at $31,994,000. Vanguard Group Inc. bought a new position in shares of Gemini Space Station in the 3rd quarter valued at $25,656,000. Finally, Commonwealth Bank of Australia acquired a new position in shares of Gemini Space Station during the 4th quarter worth $7,086,000.

Key Headlines Impacting Gemini Space Station

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

• Neutral Sentiment: Rosenblatt trimmed its price target to $9.00 from $11.50 but kept a “buy” rating — a downward revision that still leaves upside but reduces analyst support. Rosenblatt lowers PT
• Neutral Sentiment: Reported short‑interest data in recent feeds is inconsistent/odd (zeros/NaN), so the short‑interest signal is unclear and should not be relied on until clarified by an official exchange filing.
• Negative Sentiment: Q4 / FY results disappointed — management missed EPS expectations (quarterly EPS shortfall noted in transcripts) and the earnings/call transcripts are drawing investor scrutiny for growth/profitability outlooks. Gemini Space Station (GEMI) Earnings Transcript
• Negative Sentiment: The Law Offices of Frank R. Cruz announced a securities‑fraud investigation into GEMI, citing potential federal securities law violations tied to prior disclosures. Investigations increase legal risk and can materially pressure share prices. Frank R. Cruz investigation
• Negative Sentiment: Hagens Berman and multiple other plaintiff firms have filed or are soliciting participation in class actions alleging misleading IPO disclosures and strategy shifts; numerous firms (Berger Montague, Faruqi & Faruqi, Levi & Korsinsky, Schall, Bernstein Liebhard, Gross, etc.) have issued alerts and reminder deadlines — creating a sustained legal overhang and potential future liabilities. Hagens Berman class action alert
• Negative Sentiment: Multiple analysts/firms (including an analyst noted in recent coverage and broker reports from Needham and Mizuho) have lowered expectations and trimmed targets, adding downward pressure on sentiment and reducing coverage tailwinds. Analyst cuts GEMI target

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.