Needham & Company LLC Lowers Gemini Space Station (NASDAQ:GEMI) Price Target to $10.00

Gemini Space Station (NASDAQ:GEMI) had its target price dropped by stock analysts at Needham & Company LLC from $23.00 to $10.00 in a report issued on Wednesday,Benzinga reports. The firm currently has a “buy” rating on the stock. Needham & Company LLC’s price target suggests a potential upside of 51.75% from the company’s previous close.

A number of other brokerages also recently issued reports on GEMI. Weiss Ratings reissued a “sell (d)” rating on shares of Gemini Space Station in a research note on Monday, December 29th. Evercore cut Gemini Space Station from an “outperform” rating to an “in-line” rating and set a $10.00 price objective for the company. in a research report on Friday, February 6th. Citigroup decreased their target price on shares of Gemini Space Station from $16.00 to $13.00 and set a “neutral” rating on the stock in a research report on Monday, December 22nd. The Goldman Sachs Group lowered their price target on shares of Gemini Space Station from $19.00 to $17.00 and set a “neutral” rating on the stock in a research note on Friday, December 5th. Finally, 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. Three analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Gemini Space Station currently has a consensus rating of “Hold” and an average target price of $18.36.

Gemini Space Station Stock Down 12.8%

NASDAQ GEMI opened at $6.59 on Wednesday. The stock has a market capitalization of $775.31 million and a PE ratio of -3.64. Gemini Space Station has a 52-week low of $6.30 and a 52-week high of $45.89. The business’s 50-day moving average price is $9.90.

Hedge Funds Weigh In On Gemini Space Station

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Davidson Kempner Capital Management LP acquired a new stake in shares of Gemini Space Station in the third quarter valued at approximately $1,198,000. Marex Group plc purchased a new stake in Gemini Space Station in the 4th quarter valued at approximately $1,500,000. Schonfeld Strategic Advisors LLC purchased a new stake in Gemini Space Station in the 3rd quarter valued at approximately $1,829,000. Norges Bank acquired a new stake in Gemini Space Station during the 4th quarter valued at $992,000. Finally, Royal Bank of Canada increased its position in Gemini Space Station by 1,430.5% during the fourth quarter. Royal Bank of Canada now owns 23,416 shares of the company’s stock worth $233,000 after buying an additional 21,886 shares in the last quarter.

Trending Headlines about Gemini Space Station

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

• Neutral Sentiment: Company issued preliminary FY‑2025 revenue guidance of roughly $165M–$175M, which overlaps the street consensus (~$168.9M) — a mixed signal: not a clear beat, but not a large miss either. Gemini Space Station slides 12% after preliminary 2025 outlook and executive departures
• Negative Sentiment: Three top executives (CFO, COO, CLO) abruptly departed just months after the IPO; markets view this as a major governance/execution risk and it triggered the immediate selloff. Gemini Stock Falls Sharply After Top Executives Step Down
• Negative Sentiment: Multiple outlets report the departures came amid recent job cuts and restructuring, amplifying concerns about operational stability during a critical post‑IPO period. Gemini Space Station Executives Depart Amid Job Cuts, Restructuring
• Negative Sentiment: Law firms and Block & Leviton have opened inquiries or encouraged investors to contact them about potential securities claims tied to the executive exits and share decline, increasing legal and reputational risk. Gemini Space Station, Inc. Investigated for Securities Fraud; Block & Leviton Encourages Investors Who Have Lost Money to Contact the Firm
• Negative Sentiment: Analyst reaction: Truist downgraded GEMI from Buy to Hold and cut the price target to $7.00, signaling reduced analyst confidence and limiting near‑term buy‑side support. Finviz
• Negative Sentiment: Reported increases in short interest and heavy intraday trading suggest elevated bearish positioning and volatility risk; that can magnify downside moves if sentiment worsens. (Data sources reported a notable rise in short activity for February.)

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.