Traders Purchase High Volume of Gemini Space Station Put Options (NASDAQ:GEMI)

Gemini Space Station, Inc. (NASDAQ:GEMI) was the recipient of unusually large options trading activity on Wednesday. Investors purchased 9,834 put options on the company. This represents an increase of 85% compared to the typical daily volume of 5,322 put options.

Gemini Space Station Trading Down 15.3%

Shares of Gemini Space Station stock traded down $1.09 during midday trading on Wednesday, reaching $6.02. The company had a trading volume of 2,300,318 shares, compared to its average volume of 1,617,232. The stock’s fifty day moving average is $8.28. Gemini Space Station has a fifty-two week low of $5.57 and a fifty-two week high of $45.89. The stock has a market capitalization of $708.25 million and a price-to-earnings ratio of -3.32.

Gemini Space Station News Roundup

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

• Neutral Sentiment: Company updated timing for its Q4 and full-year 2025 earnings conference call — a scheduled catalyst that could increase short-term volatility when results are released. Gemini Updates Timing of Fourth-Quarter and Full-Year-2025 Results Conference Call
• Neutral Sentiment: A comparative analysis piece covering GEMI alongside another name (Ridgepost Capital) — offers context but no new company-specific catalyst; useful background reading before earnings. Analyzing Gemini Space Station (NASDAQ:GEMI) and Ridgepost Capital (NYSE:RPC)
• Negative Sentiment: Citi cut GEMI from “neutral” to “sell” and set a $5.50 price target, pointing to reduced Bitcoin and Ethereum price assumptions that lower the fair value for Gemini’s crypto-exposed business — the downgrade is the main driver of today’s selling pressure. Gemini (GEMI) Stock Plummets as Citi Slashes Rating to Sell
• Negative Sentiment: Multiple outlets report that Citi believes GEMI could fall further after its post-IPO crash, amplifying bearish sentiment among investors worried about valuation sensitivity to crypto prices. Gemini Space Station stock crashed after its IPO. Citi thinks it could fall even further.
• Negative Sentiment: Seeking Alpha coverage highlights the Citi downgrade was driven by lowered BTC/ETH targets — reinforcing the narrative that GEMI’s valuation is tightly linked to crypto price forecasts. Gemini Space Station downgraded at Citi after Bitcoin, Ethereum price target revision
• Negative Sentiment: Market commentary questions whether GEMI could trade below $5 after earnings, underscoring downside risk if results disappoint or crypto headwinds persist. Gemini stock: Will Winklevoss Twins’ company crash below $5 after earnings?
• Negative Sentiment: Coverage noting a “critical juncture” for GEMI shares emphasizes heightened investor scrutiny and the risk of further downside absent clear positive earnings or crypto tailwinds. A Critical Juncture for Gemini Space Station Shares
• Negative Sentiment: Finviz summary notes Citi’s downgrade to “sell” with a $5.50 target and frames the move as implying modest further downside from current levels — adds to the immediate bearish narrative. Finviz GEMI quote/downgrade note

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on GEMI. Rosenblatt Securities lowered their price target on shares of Gemini Space Station from $26.00 to $11.50 and set a “buy” rating for the company in a report on Friday, February 20th. The Goldman Sachs Group reduced their price objective on Gemini Space Station from $19.00 to $17.00 and set a “neutral” rating on the stock in a research report on Friday, December 5th. Citigroup cut Gemini Space Station from a “neutral” rating to a “sell” rating and lowered their target price for the stock from $13.00 to $5.50 in a report on Wednesday. Weiss Ratings reiterated a “sell (d)” rating on shares of Gemini Space Station in a research report on Monday, December 29th. Finally, Cantor Fitzgerald reissued a “neutral” rating and set a $8.00 price target (down from $14.00) on shares of Gemini Space Station in a research note on Wednesday, February 18th. Three equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $16.00.

Insider Transactions at Gemini Space Station

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

Institutional Investors Weigh In On Gemini Space Station

Institutional investors have recently modified their holdings of the company. SBI Securities Co. Ltd. acquired a new stake in shares of Gemini Space Station during the third quarter worth $51,000. National Bank of Canada FI bought a new position in Gemini Space Station during the third quarter worth $123,000. Man Group plc acquired a new position in Gemini Space Station in the third quarter valued at $201,000. Caitong International Asset Management Co. Ltd bought a new stake in Gemini Space Station during the fourth quarter valued at $88,000. Finally, Sandia Investment Management LP bought a new stake in Gemini Space Station during the third quarter valued at $228,000.

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.