Rosenblatt Securities Cuts Gemini Space Station (NASDAQ:GEMI) Price Target to $9.00

Gemini Space Station (NASDAQ:GEMI) had its price objective decreased by Rosenblatt Securities from $11.50 to $9.00 in a research report sent to investors on Tuesday morning,Benzinga reports. Rosenblatt Securities currently has a buy rating on the stock.

A number of other equities research analysts have also recently commented on the company. 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 note on Wednesday, February 18th. Evercore cut shares of Gemini Space Station from an “outperform” rating to an “in-line” rating and set a $10.00 price target on the stock. in a research note on Friday, February 6th. Morgan Stanley reduced their price objective on shares of Gemini Space Station from $29.00 to $13.00 and set an “equal weight” rating for the company in a research note on Monday, December 22nd. Mizuho dropped their target price on shares of Gemini Space Station from $26.00 to $12.00 and set an “outperform” rating on the stock in a research note on Monday. Finally, Citigroup downgraded shares of Gemini Space Station from a “neutral” rating to a “sell” rating and reduced their price target for the company from $13.00 to $5.50 in a research report on Wednesday, March 18th. Three investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $13.36.

Gemini Space Station Stock Down 6.9%

GEMI stock opened at $4.59 on Tuesday. The firm’s 50 day simple moving average is $7.55. Gemini Space Station has a 52-week low of $4.55 and a 52-week high of $45.89. The stock has a market capitalization of $540.01 million and a price-to-earnings ratio of -1.51.

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 the consensus estimate of ($1.06) by ($0.16). The company had revenue of $60.34 million during the quarter.

Insider Activity at Gemini Space Station

In related news, Director Sachin Chand Jaitly sold 39,708 shares of Gemini Space Station stock in a transaction dated 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 can be accessed through this hyperlink.

Institutional Trading of Gemini Space Station

A number of institutional investors have recently made changes to their positions in GEMI. SG Americas Securities LLC purchased a new stake in shares of Gemini Space Station during the 3rd quarter valued at about $325,000. Wealth Enhancement Advisory Services LLC bought a new position in Gemini Space Station during the third quarter valued at approximately $248,000. SBI Securities Co. Ltd. purchased a new stake in Gemini Space Station in the third quarter worth approximately $51,000. Ground Swell Capital LLC purchased a new stake in Gemini Space Station in the third quarter worth approximately $229,000. Finally, Vanguard Group Inc. bought a new stake in Gemini Space Station in the 3rd quarter worth approximately $25,656,000.

More Gemini Space Station News

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

• Neutral Sentiment: Goldman Sachs lowered its price target on GEMI to $6.50 and assigned a “neutral” rating, signaling reduced near‑term expectations even while the new target implies upside from the current level. Goldman Sachs lowers price target
• Neutral Sentiment: Gemini reported a March quarter EPS miss (reported ($1.22) vs. ($1.06) consensus) with ~$60M revenue, a prior result that set the stage for analyst scrutiny and legal challenges. Earnings Transcript
• Negative Sentiment: Multiple class action lawsuits have been filed alleging the IPO and offering documents concealed an impending “corporate pivot” and executive turmoil; several national plaintiff firms are soliciting lead plaintiffs and reminding investors of a May 18, 2026 deadline. This concentrated litigation flow is likely the primary driver of selling pressure. Hagens Berman class action alert
• Negative Sentiment: Several securities‑fraud investigations have been announced by firms (Glancy Prongay Wolke & Rotter, Frank R. Cruz, Kessler Topaz and others), increasing the odds of regulatory scrutiny and potential legal costs or disclosures that could weigh on the shares. Glancy Prongay Wolke & Rotter investigation
• Negative Sentiment: Analysts have pulled back: Rosenblatt and others issued pessimistic notes or lowered targets, and multiple firms have reduced expectations — contributing to downgrades and negative sentiment around valuation and growth assumptions. Rosenblatt pessimistic forecast
• Negative Sentiment: The stock recently hit a new 52‑week low, reflecting weak market confidence amid the combination of legal, investigatory and analyst pressures. New lows can prompt additional selling from momentum and stop‑loss programs. 52‑week low report

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.