Galaxy Digital (NASDAQ:GLXY) Trading 6.7% Higher – Still a Buy?

Posted by Geri Gentry on Aug 15th, 2026

Galaxy Digital Inc. (NASDAQ:GLXY – Get Free Report) was up 6.7% during mid-day trading on Thursday . The company traded as high as $22.18 and last traded at $22.50. 516,477 shares traded hands during mid-day trading, a decline of 92% from the average daily volume of 6,468,835 shares. The stock had previously closed at $21.08.

Analysts Set New Price Targets

GLXY has been the subject of several research analyst reports. Canaccord Genuity Group restated a “buy” rating and set a $50.00 price target on shares of Galaxy Digital in a research report on Friday, April 24th. Citizens Jmp reiterated a “market outperform” rating and issued a $55.00 price objective on shares of Galaxy Digital in a report on Wednesday, April 29th. Piper Sandler decreased their target price on Galaxy Digital from $36.00 to $33.00 and set an “overweight” rating on the stock in a research note on Friday, July 17th. Weiss Ratings cut Galaxy Digital from a “sell (d+)” rating to a “sell (d-)” rating in a report on Tuesday, May 26th. Finally, BTIG Research dropped their target price on Galaxy Digital from $50.00 to $45.00 and set a “buy” rating for the company in a research report on Wednesday, August 5th. Ten equities 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 stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $38.83.

Get Our Latest Report on Galaxy Digital

Galaxy Digital Stock Up 3.4%

The firm’s fifty day simple moving average is $25.64 and its 200 day simple moving average is $24.76. The company has a current ratio of 1.50, a quick ratio of 1.70 and a debt-to-equity ratio of 1.04. The company has a market cap of $8.47 billion, a price-to-earnings ratio of -33.32 and a beta of 5.06.

Galaxy Digital (NASDAQ:GLXY – Get Free Report) last announced its quarterly earnings data on Wednesday, August 5th. The company reported ($0.09) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.36) by $0.27. The business had revenue of $8.71 billion for the quarter. Galaxy Digital had a negative net margin of 0.75% and a negative return on equity of 6.25%. During the same quarter in the previous year, the business posted $0.08 earnings per share. Sell-side analysts predict that Galaxy Digital Inc. will post -0.82 earnings per share for the current year.

Insider Buying and Selling at Galaxy Digital

In other Galaxy Digital news, Director Douglas R. Deason purchased 12,000 shares of the firm’s stock in a transaction on Wednesday, August 12th. The stock was bought at an average cost of $21.54 per share, with a total value of $258,480.00. Following the acquisition, the director directly owned 71,000 shares of the company’s stock, valued at approximately $1,529,340. This represents a 20.34% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Steven John Bandrowczak purchased 5,100 shares of the firm’s stock in a transaction on Monday, August 10th. The shares were acquired at an average cost of $19.63 per share, with a total value of $100,113.00. Following the completion of the acquisition, the director directly owned 39,186 shares in the company, valued at $769,221.18. The trade was a 14.96% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 51.53% of the stock is owned by insiders.

Institutional Investors Weigh In On Galaxy Digital

Several institutional investors have recently added to or reduced their stakes in GLXY. Caitong International Asset Management Co. Ltd increased its stake in Galaxy Digital by 183.4% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 1,434 shares of the company’s stock valued at $32,000 after purchasing an additional 928 shares during the last quarter. Picton Mahoney Asset Management raised its holdings in Galaxy Digital by 200.0% during the fourth quarter. Picton Mahoney Asset Management now owns 1,500 shares of the company’s stock worth $34,000 after purchasing an additional 1,000 shares in the last quarter. Danske Bank A S purchased a new stake in shares of Galaxy Digital during the 4th quarter worth approximately $36,000. Northwestern Mutual Wealth Management Co. purchased a new stake in shares of Galaxy Digital during the 4th quarter worth approximately $46,000. Finally, Hollencrest Capital Management boosted its holdings in shares of Galaxy Digital by 204.0% in the 1st quarter. Hollencrest Capital Management now owns 2,584 shares of the company’s stock valued at $48,000 after buying an additional 1,734 shares in the last quarter.

About Galaxy Digital

(Get Free Report)

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.