Galaxy Digital (NASDAQ:GLXY – Get Free Report) had its price target reduced by HC Wainwright from $40.00 to $36.00 in a research report issued on Wednesday, Benzinga reports. The firm currently has a “buy” rating on the stock. HC Wainwright‘s price target indicates a potential upside of 109.55% from the company’s current price.
GLXY has been the topic of a number of other reports. Zacks Research upgraded shares of Galaxy Digital from a “strong sell” rating to a “hold” rating in a report on Friday, September 18th. Chardan Capital reiterated a “buy” rating and issued a $35.00 price target on shares of Galaxy Digital in a research note on Tuesday. BTIG Research decreased their price objective on shares of Galaxy Digital from $45.00 to $35.00 and set a “buy” rating for the company in a research report on Tuesday. Rosenblatt Securities lowered their price objective on shares of Galaxy Digital from $35.00 to $30.00 and set a “buy” rating on the stock in a research note on Monday. Finally, Morgan Stanley cut their target price on shares of Galaxy Digital from $48.00 to $43.00 and set an “overweight” rating for the company in a research note on Friday, October 9th. Eleven investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $35.29.
View Our Latest Analysis on Galaxy Digital
Galaxy Digital Stock Performance
Shares of NASDAQ GLXY opened at $17.18 on Wednesday. The stock has a 50 day moving average price of $22.10 and a 200 day moving average price of $24.33. The stock has a market capitalization of $6.72 billion, a PE ratio of -26.43 and a beta of 5.11. Galaxy Digital has a 52 week low of $14.19 and a 52 week high of $38.54.
Galaxy Digital (NASDAQ:GLXY – Get Free Report) last announced its quarterly earnings data on Tuesday, October 27th. The company reported $0.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.29 by $0.54. The company had revenue of $8.69 billion for the quarter. As a group, research analysts forecast that Galaxy Digital will post -0.59 EPS for the current year.
Insiders Place Their Bets
In other news, insider Matthew W. Friedrich sold 4,993 shares of the stock in a transaction dated Wednesday, September 9th. The shares were sold at an average price of $27.03, for a total value of $134,960.79. Following the transaction, the insider directly owned 275,782 shares of the company’s stock, valued at $7,454,387.46. This represents a 1.78% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Steven Bandrowczak bought 5,100 shares of Galaxy Digital stock in a transaction that occurred on Monday, August 10th. The shares were bought at an average cost of $19.63 per share, with a total value of $100,113.00. Following the acquisition, the director directly owned 39,186 shares in the company, valued at $769,221.18. This trade represents a 14.96% increase in their position. The disclosure for this purchase is available in the SEC filing. Company insiders own 51.53% of the company’s stock.
Institutional Inflows and Outflows
Several large investors have recently bought and sold shares of GLXY. State Street Corp lifted its position in Galaxy Digital by 99.7% during the second quarter. State Street Corp now owns 3,833,993 shares of the company’s stock worth $104,821,000 after acquiring an additional 1,913,688 shares during the last quarter. Moore Capital Management LP grew its position in shares of Galaxy Digital by 52.9% in the second quarter. Moore Capital Management LP now owns 2,082,250 shares of the company’s stock valued at $56,929,000 after purchasing an additional 720,000 shares during the last quarter. Bank of America Corp DE increased its stake in shares of Galaxy Digital by 112.4% during the second quarter. Bank of America Corp DE now owns 1,145,172 shares of the company’s stock worth $31,309,000 after purchasing an additional 605,986 shares during the period. Anson Funds Management LP bought a new position in shares of Galaxy Digital during the first quarter worth approximately $11,070,000. Finally, AWM Investment Company Inc. acquired a new stake in Galaxy Digital during the 2nd quarter worth approximately $12,221,000.
Key Galaxy Digital News
Here are the key news stories impacting Galaxy Digital this week:
- Positive Sentiment: Galaxy reported third-quarter adjusted EPS of $0.83, well above the $0.27–$0.29 analyst consensus, with quarterly revenue of approximately $8.69 billion. The company also reported roughly $323 million in net income, helped by a rebound in the value of its investments. Galaxy Announces Third Quarter 2026 Financial Results
- Positive Sentiment: Management highlighted growth in AI-related data-center operations and the Helios project during the earnings call, strengthening the case that Galaxy is diversifying beyond cryptocurrency trading and investments. Galaxy Digital Earnings Call Highlights AI and Helios Growth
- Positive Sentiment: Chardan Capital reaffirmed its Buy rating and set a $35 price target, implying substantial upside from the stock’s recent $17.18 reference price.
- Neutral Sentiment: The earnings beat is notable, but EPS declined from $1.12 in the year-ago quarter, underscoring Galaxy’s continued sensitivity to cryptocurrency markets, investment valuations and trading conditions. Galaxy Digital Q3 Earnings Top Estimates
- Negative Sentiment: BTIG lowered its price target from $45 to $35, and Rosenblatt cut its target from $35 to $30. Both firms retained Buy ratings, but the reductions suggest more cautious expectations despite the long-term upside.
- Negative Sentiment: GLXY has fallen sharply in recent months and is trading below its 50-day and 200-day moving averages, reflecting persistent investor concerns about volatility and the company’s exposure to crypto-market cycles.
Galaxy Digital Company Profile
Galaxy Digital is a financial services and investment management company focused on digital assets and blockchain technology. Founded in 2018 by Michael Novogratz, the company provides institutional investors, corporations and other market participants with services spanning trading, asset management, investment banking, principal investments and venture capital.
Its offerings include spot and derivatives trading, lending and structured products, digital-asset funds and separately managed accounts, as well as advisory services for mergers, acquisitions, capital raising and other strategic transactions.
Featured Articles
- Five stocks we like better than Galaxy Digital
- Hidden in Plain Sight: 2 Earnings Winners Investors May Have Missed
- These 3 New ETFs Are Turning Heads—Are They Worth Buying?
- Coca-Cola Stock Is Everything AI Isn’t—And That’s Its Biggest Strength
- Apple’s Foldable iPhone Sold Out in Minutes, But Wall Street Has Questions
Receive News & Ratings for Galaxy Digital Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Galaxy Digital and related companies with MarketBeat.com's FREE daily email newsletter.
