Gemini Space Station (NASDAQ:GEMI) Hits New 52-Week Low on Analyst Downgrade

Gemini Space Station, Inc. (NASDAQ:GEMI - Get Free Report) shares reached a new 52-week low on Thursday after Needham & Company LLC lowered their price target on the stock from $23.00 to $10.00. Needham & Company LLC currently has a buy rating on the stock. Gemini Space Station traded as low as $6.19 and last traded at $6.14, with a volume of 100620 shares trading hands. The stock had previously closed at $6.38.A number of other equities analysts have also recently issued reports on GEMI. Mizuho cut their target price on shares of Gemini Space Station from $30.00 to $26.00 and set an "outperform" rating on the stock in a report on Wednesday, December 24th. Truist Financial lowered Gemini Space Station from a "buy" rating to a "hold" rating and set a $7.00 price objective for the company. in a research report on Tuesday. Morgan Stanley cut their target price on Gemini Space Station from $29.00 to $13.00 and set an "equal weight" rating on the stock in a research note on Monday, December 22nd. Cantor Fitzgerald restated a "neutral" rating and set a $8.00 price target (down previously from $14.00) on shares of Gemini Space Station in a research report on Wednesday. Finally, The Goldman Sachs Group dropped their price objective on shares of Gemini Space Station from $19.00 to $17.00 and set a "neutral" rating on the stock in a report on Friday, December 5th. Three investment 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. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $18.36.Get Gemini Space Station alerts:Read Our Latest Research Report on GEMIHedge Funds Weigh In On Gemini Space StationSeveral institutional investors and hedge funds have recently modified their holdings of the stock. SBI Securities Co. Ltd. bought a new position in Gemini Space Station during the third quarter valued at about $51,000. Engineers Gate Manager LP bought a new stake in Gemini Space Station during the fourth quarter worth about $100,000. National Bank of Canada FI acquired a new position in Gemini Space Station in the third quarter worth $123,000. Quadrature Capital Ltd acquired a new stake in Gemini Space Station in the 4th quarter valued at about $160,000. Finally, Aristides Capital LLC bought a new position in Gemini Space Station in the fourth quarter valued at about $164,000. Gemini Space Station Trading Down 3.8%The firm has a market cap of $722.37 million and a P/E ratio of -3.39. The firm has a 50-day moving average of $9.80. Gemini Space Station Company Profile (Get Free Report)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.See AlsoFive stocks we like better than Gemini Space StationYour Bank Account Is No Longer SafeNEW LAW: Congress Approves Setup For Digital Dollar?Buy this Gold Stock Before May 2026What a Former CIA Agent Knows About the Coming CollapseThis $15 Stock Could Go Down as the #1 Stock of 2026This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Gemini Space Station Right Now?Before you consider Gemini Space Station, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Gemini Space Station wasn't on the list.While Gemini Space Station currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here