Galaxy Digital Inc. (NASDAQ:GLXY – Get Free Report) was the target of unusually large options trading activity on Wednesday. Traders acquired 38,222 call options on the stock. This is an increase of 39% compared to the average daily volume of 27,518 call options.
Galaxy Digital News Summary
Here are the key news stories impacting Galaxy Digital this week:
- Positive Sentiment: Chardan Capital reaffirmed its Buy rating and set a $35 price target, implying substantial potential upside from recent trading levels. Benzinga analyst rating report
- Positive Sentiment: Galaxy Digital reported adjusted EPS of a $0.09 loss, which was better than the $0.36 loss analysts expected. However, this compared with positive EPS of $0.08 in the prior-year quarter. Galaxy Digital quarterly earnings report
- Positive Sentiment: Galaxy announced a strategic collaboration with BNY to support staking through BNY’s institutional digital-asset custody platform. The agreement could strengthen Galaxy’s role in institutional crypto infrastructure and expand future service opportunities. Galaxy and BNY digital asset infrastructure collaboration
- Neutral Sentiment: Analysts collectively assign Galaxy Digital an average “Moderate Buy” rating, indicating constructive but not uniformly bullish sentiment. Galaxy Digital analyst ratings
- Negative Sentiment: Galaxy posted an $85 million Q2 net loss, $77 million of negative adjusted EBITDA and $43 million of adjusted gross profit. Management attributed the loss primarily to depreciation in digital-asset prices, underscoring the company’s high sensitivity to cryptocurrency market conditions. Revenue also missed estimates, while profitability metrics remained negative. The company ended the quarter with $2.7 billion of total equity and $2.5 billion in cash and stablecoins. Galaxy Digital second-quarter 2026 financial results
Galaxy Digital Trading Down 13.6%
Shares of GLXY traded down $3.00 during mid-day trading on Wednesday, hitting $19.14. 10,595,376 shares of the company’s stock traded hands, compared to its average volume of 6,459,375. The company has a quick ratio of 1.70, a current ratio of 1.70 and a debt-to-equity ratio of 0.94. The firm has a market capitalization of $7.46 billion, a P/E ratio of -40.05 and a beta of 5.06. The business’s 50-day moving average price is $27.03 and its 200-day moving average price is $25.40. Galaxy Digital has a 1 year low of $16.43 and a 1 year high of $45.92.
Insider Transactions at Galaxy Digital
In other Galaxy Digital news, Director Michael D. Daffey sold 250,000 shares of the company’s stock in a transaction dated Thursday, May 21st. The shares were sold at an average price of $28.77, for a total transaction of $7,192,500.00. Following the completion of the sale, the director directly owned 1,505,419 shares in the company, valued at $43,310,904.63. This represents a 14.24% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 51.53% of the stock is currently owned by insiders.
Institutional Investors Weigh In On Galaxy Digital
Large investors have recently modified their holdings of the stock. Caitong International Asset Management Co. Ltd increased its position in shares of Galaxy Digital by 183.4% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 1,434 shares of the company’s stock valued at $32,000 after buying an additional 928 shares during the period. Picton Mahoney Asset Management raised its stake in Galaxy Digital by 200.0% in the fourth quarter. Picton Mahoney Asset Management now owns 1,500 shares of the company’s stock worth $34,000 after buying an additional 1,000 shares in the last quarter. Danske Bank A S purchased a new stake in Galaxy Digital in the fourth quarter worth about $36,000. Northwestern Mutual Wealth Management Co. purchased a new stake in Galaxy Digital in the fourth quarter worth about $46,000. Finally, Itau Unibanco Holding S.A. bought a new stake in Galaxy Digital during the 4th quarter valued at approximately $49,000.
Analyst Upgrades and Downgrades
A number of equities research analysts have recently weighed in on GLXY shares. Morgan Stanley reissued an “overweight” rating and issued a $37.00 target price on shares of Galaxy Digital in a research note on Wednesday, April 29th. Weiss Ratings lowered Galaxy Digital from a “sell (d+)” rating to a “sell (d-)” rating in a research note on Tuesday, May 26th. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $30.00 target price on shares of Galaxy Digital in a research note on Friday, May 1st. Wall Street Zen upgraded shares of Galaxy Digital from a “strong sell” rating to a “sell” rating in a report on Saturday, May 2nd. Finally, Rosenblatt Securities dropped their price target on shares of Galaxy Digital from $39.00 to $35.00 and set a “buy” rating for the company in a research report on Monday. Ten research analysts have rated the stock with a Buy rating, two have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, Galaxy Digital has an average rating of “Moderate Buy” and a consensus target price of $39.25.
Check Out Our Latest Stock Analysis on GLXY
Galaxy Digital Company Profile
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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