The Goldman Sachs Group Cuts Gemini Space Station (NASDAQ:GEMI) Price Target to $6.50

Gemini Space Station (NASDAQ:GEMI) had its price objective reduced by The Goldman Sachs Group from $7.50 to $6.50 in a research note issued to investors on Thursday,Benzinga reports. They currently have a neutral rating on the stock.

Several other research analysts also recently commented on GEMI. Citigroup downgraded Gemini Space Station from a “neutral” rating to a “sell” rating and decreased their price objective for the stock from $13.00 to $5.50 in a report on Wednesday, March 18th. Weiss Ratings restated a “sell (d)” rating on shares of Gemini Space Station in a research report on Monday, December 29th. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $8.00 price target (down from $14.00) on shares of Gemini Space Station in a research note on Wednesday, February 18th. Mizuho dropped their price objective 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, Rosenblatt Securities cut their target price on shares of Gemini Space Station from $11.50 to $9.00 and set a “buy” rating on the stock in a report on Tuesday, March 24th. Three equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, Gemini Space Station presently has a consensus rating of “Hold” and a consensus target price of $13.36.

Gemini Space Station Stock Down 10.5%

Shares of NASDAQ:GEMI opened at $4.11 on Thursday. The company has a market cap of $483.54 million and a price-to-earnings ratio of -1.36. Gemini Space Station has a one year low of $4.06 and a one year high of $45.89. The business has a fifty day moving average of $7.41.

Gemini Space Station (NASDAQ:GEMI) last announced its quarterly earnings data on Thursday, March 19th. The company reported ($1.22) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($1.06) by ($0.16). The firm had revenue of $60.34 million for the quarter.

Insider Buying and Selling at Gemini Space Station

In related news, Director Sachin Chand Jaitly sold 39,708 shares of the firm’s 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 legal filing with the SEC, which can be accessed through this hyperlink.

Institutional Inflows and Outflows

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

Key Headlines Impacting Gemini Space Station

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

• Neutral Sentiment: Goldman Sachs cut its price target on GEMI to $6.50 while keeping a “neutral” rating, tempering one source of buy-side support for the stock. Benzinga: Goldman Sachs lowers PT
• Negative Sentiment: A wave of securities class actions and law‑firm solicitations has been launched against GEMI alleging misleading IPO disclosures, a concealed “corporate pivot,” and executive turmoil; firms are urging investors to file claims and noting a May 18, 2026 lead‑plaintiff deadline — increasing potential legal costs, management distraction, and downside risk. GEMI UPDATE: Hagens Berman Alerts Gemini Space Station (GEMI) Investors to Securities Class Action Kessler Topaz announces suit Pomerantz class action notice
• Negative Sentiment: Multiple other national firms (Faruqi & Faruqi, Berger Montague, Bernstein Liebhard, Bragar Eagel & Squire, Glancy Prongay Wolke, The Gross Law Firm, ClaimsFiler, etc.) are investigating or soliciting clients — signaling broad legal attention and a meaningful reputational hit. Investors face consolidation of claims and possible future settlements or judgments. Faruqi & Faruqi investor alert
• Negative Sentiment: Analyst and market commentary are turning more pessimistic beyond the PT cut: independent reports note a 52‑week low and at least one firm (Rosenblatt) issuing a negative outlook, which can accelerate selling pressure and reduce near‑term liquidity. Gemini Space Station Sets New 52-Week Low Rosenblatt issues pessimistic forecast

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.