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

Gemini Space Station (NASDAQ:GEMI) had its price objective decreased by Needham & Company LLC from $23.00 to $10.00 in a research report sent to investors on Wednesday,Benzinga reports. Needham & Company LLC currently has a buy rating on the stock.

A number of other research firms have also recently weighed in on GEMI. Cantor Fitzgerald restated a “neutral” rating and issued a $8.00 price target (down previously from $14.00) on shares of Gemini Space Station in a research note on Wednesday. Evercore downgraded shares of Gemini Space Station from an “outperform” rating to an “in-line” rating and set a $10.00 price objective on the stock. in a report on Friday, February 6th. Weiss Ratings reissued a “sell (d)” rating on shares of Gemini Space Station in a research report on Monday, December 29th. 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. Finally, Truist Financial lowered 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 research note on Tuesday. Three analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Gemini Space Station presently has a consensus rating of “Hold” and a consensus target price of $16.68.

Gemini Space Station Trading Down 3.0%

Shares of NASDAQ GEMI opened at $5.82 on Wednesday. The stock’s 50 day simple moving average is $9.47. The firm has a market capitalization of $684.72 million and a P/E ratio of -3.22. Gemini Space Station has a twelve month low of $5.79 and a twelve month high of $45.89.

Hedge Funds Weigh In On Gemini Space Station

Hedge funds have recently bought and sold shares of the business. Dragoneer Investment Group LLC acquired a new position in Gemini Space Station in the 3rd quarter valued at $38,815,000. Atreides Management LP bought a new position in shares of Gemini Space Station in the third quarter worth $1,677,000. Altimeter Capital Management LP bought a new position in shares of Gemini Space Station in the third quarter worth $38,336,000. Man Group plc acquired a new position in Gemini Space Station in the third quarter valued at about $201,000. Finally, Ghisallo Capital Management LLC bought a new stake in Gemini Space Station during the third quarter worth about $1,677,000.

Key Stories Impacting Gemini Space Station

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

• Positive Sentiment: Rosenblatt Securities kept a “buy” rating and set a new $11.50 price target (down from $26), signaling they still see upside versus current levels despite the downgrade; this could provide some investor support. Read More.
• Neutral Sentiment: Cantor Fitzgerald reiterated a “Neutral” rating on GEMI, suggesting some analysts are pausing before making directional calls amid the recent volatility. Read More.
• Neutral Sentiment: Reported short?interest data in recent filings are inconsistent/unclear, offering little clarity on whether short sellers are materially increasing pressure right now. (Data showed zero shares in the cited report.)
• Negative Sentiment: Gemini disclosed three senior executive departures and an international pullback, which triggered a sharp intraday selloff and raises operational and execution risk so soon after the September IPO. Read More.
• Negative Sentiment: Multiple law firms (Hagens Berman, Bragar Eagel & Squire, Pomerantz, Schall, Kirby McInerney) have launched or announced investigations and investor?recovery campaigns alleging potential securities fraud — a material legal overhang that often pressures stock prices. Read More.
• Negative Sentiment: Analysts trimmed targets: Needham cut its PT to $10 and other coverage changes led to a gap?down trading reaction, reinforcing downside pressure. Read More.
• Negative Sentiment: Coverage pieces and local press detail investor concern and volatility since the IPO (shares are far below the September 2025 IPO price), which can reduce liquidity and increase selling pressure. Read More.

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.