Galaxy Digital Inc. (NASDAQ:GLXY – Get Free Report) Director Douglas Deason bought 12,000 shares of Galaxy Digital stock in a transaction dated Wednesday, August 12th. The shares were purchased at an average cost of $21.54 per share, for a total transaction of $258,480.00. Following the completion of the transaction, the director owned 71,000 shares of the company’s stock, valued at approximately $1,529,340. This represents a 20.34% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
Galaxy Digital Price Performance
Shares of GLXY stock opened at $21.66 on Friday. The firm has a fifty day simple moving average of $25.64 and a 200-day simple moving average of $24.76. The company has a market capitalization of $8.47 billion, a PE ratio of -33.32 and a beta of 5.06. Galaxy Digital Inc. has a twelve month low of $16.43 and a twelve month high of $45.92. The company has a current ratio of 1.50, a quick ratio of 1.70 and a debt-to-equity ratio of 1.04.
Galaxy Digital (NASDAQ:GLXY – Get Free Report) last released its quarterly earnings results on Wednesday, August 5th. The company reported ($0.09) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.36) by $0.27. Galaxy Digital had a negative net margin of 0.75% and a negative return on equity of 6.25%. The firm had revenue of $8.71 billion for the quarter. During the same period last year, the firm earned $0.08 EPS. Equities research analysts anticipate that Galaxy Digital Inc. will post -0.82 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Galaxy Digital
Wall Street Analyst Weigh In
A number of brokerages have recently issued reports on GLXY. Weiss Ratings lowered Galaxy Digital from a “sell (d+)” rating to a “sell (d-)” rating in a research report on Tuesday, May 26th. BTIG Research reduced their price target on Galaxy Digital from $50.00 to $45.00 and set a “buy” rating for the company in a report on Wednesday, August 5th. Citizens Jmp restated a “market outperform” rating and set a $55.00 price objective on shares of Galaxy Digital in a research note on Wednesday, April 29th. Chardan Capital restated a “buy” rating and set a $35.00 price objective on shares of Galaxy Digital in a report on Wednesday, August 5th. Finally, Rosenblatt Securities cut their target price on Galaxy Digital from $39.00 to $35.00 and set a “buy” rating on the stock in a research report on Monday, August 3rd. Ten research analysts have rated the stock with a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $38.83.
Check Out Our Latest Analysis on GLXY
About Galaxy Digital
Galaxy Digital Holdings Ltd. (NASDAQ:GLXY) is a diversified financial services and investment management firm dedicated to the digital assets and blockchain technology sectors. Established in 2018 by Mike Novogratz, the company operates across trading, asset management, principal investing and advisory services. Galaxy Digital caters to institutional clients, high-net-worth investors and corporations seeking exposure to cryptocurrencies, decentralized finance (DeFi) protocols and other blockchain-based assets.
In its trading division, Galaxy Digital provides market-making, execution and over-the-counter (OTC) solutions for a wide range of digital tokens.
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