Galaxy Digital (NASDAQ:GLXY – Get Free Report) posted its earnings results on Tuesday. The company reported $0.83 EPS for the quarter, beating the consensus estimate of $0.29 by $0.54, FiscalAI reports. Galaxy Digital had a negative return on equity of 6.25% and a negative net margin of 0.75%.
Galaxy Digital Trading Up 6.8%
NASDAQ:GLXY opened at $15.68 on Tuesday. Galaxy Digital has a 12 month low of $14.19 and a 12 month high of $41.25. The company has a quick ratio of 1.50, a current ratio of 1.50 and a debt-to-equity ratio of 1.04. The firm’s 50 day moving average is $22.31 and its 200 day moving average is $24.42.
Wall Street Analysts Forecast Growth
GLXY has been the subject of several research reports. BTIG Research reduced their target price on Galaxy Digital from $50.00 to $45.00 and set a “buy” rating for the company in a research note on Wednesday, August 5th. Piper Sandler cut their target price on Galaxy Digital from $33.00 to $25.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 20th. Citigroup raised Galaxy Digital from a “neutral” rating to a “buy” rating and increased their price target for the company from $26.00 to $28.00 in a research report on Tuesday, October 13th. Morgan Stanley decreased their price target on Galaxy Digital from $48.00 to $43.00 and set an “overweight” rating for the company in a research report on Friday, October 9th. Finally, Weiss Ratings cut Galaxy Digital from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday. Eleven equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Galaxy Digital presently has an average rating of “Moderate Buy” and a consensus price target of $36.50.
View Our Latest Analysis on GLXY
Galaxy Digital News Roundup
Here are the key news stories impacting Galaxy Digital this week:
- Positive Sentiment: Q3 earnings significantly exceeded expectations. Galaxy Digital reported adjusted EPS of $0.83, well above the FactSet consensus estimate of $0.27. The earnings surprise suggests improved profitability and helped support the stock’s rebound. Earnings Flash: Galaxy Digital Q3 Adjusted EPS
- Positive Sentiment: The company released its third-quarter financial results. Galaxy Digital reported results for the three and nine months ended September 30, 2026, giving investors updated visibility into its financial performance. Galaxy Announces Third Quarter 2026 Financial Results
- Neutral Sentiment: Rosenblatt maintained a Buy rating but lowered its price target. The target was reduced from $35 to $30, signaling continued analyst confidence but also reflecting more cautious valuation assumptions. Rosenblatt Securities Stock Recommendations
- Neutral Sentiment: Short-interest data showed no reported shares short. The reported zero short interest may reduce concerns about active bearish positioning, although the figure provides limited insight into future trading.
- Negative Sentiment: Underlying profitability remains a concern. Despite the quarterly EPS beat, Galaxy Digital was reported to have a negative net margin of 0.75% and negative return on equity of 6.25%, while analysts expect a loss for the full fiscal year.
- Negative Sentiment: The stock entered the earnings release under significant pressure. Shares had fallen more than 68% from their 2025 peak and were near their lowest level since April 2025, leaving investors focused on whether the earnings improvement can be sustained. Galaxy Digital Stock and Earnings Outlook
Insider Buying and Selling at Galaxy Digital
In other Galaxy Digital news, insider Matthew Friedrich sold 4,993 shares of the firm’s stock in a transaction on Wednesday, September 9th. The stock was sold at an average price of $27.03, for a total value of $134,960.79. Following the completion of the sale, the insider directly owned 275,782 shares of the company’s stock, valued at $7,454,387.46. This trade represents a 1.78% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Douglas Deason bought 12,000 shares of the stock in a transaction on Wednesday, August 12th. The stock was purchased at an average price of $21.54 per share, for a total transaction of $258,480.00. Following the completion of the purchase, the director owned 71,000 shares of the company’s stock, valued at approximately $1,529,340. This trade represents a 20.34% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 51.53% of the stock is owned by corporate insiders.
Institutional Investors Weigh In On Galaxy Digital
Several institutional investors have recently added to or reduced their stakes in GLXY. State Street Corp lifted its stake in shares of Galaxy Digital by 99.7% during the 2nd quarter. State Street Corp now owns 3,833,993 shares of the company’s stock valued at $104,821,000 after buying an additional 1,913,688 shares in the last quarter. Moore Capital Management LP grew its stake in Galaxy Digital by 52.9% in the 2nd quarter. Moore Capital Management LP now owns 2,082,250 shares of the company’s stock valued at $56,929,000 after buying an additional 720,000 shares in the last quarter. Sullivan Wood Capital Management LLC raised its holdings in Galaxy Digital by 4.0% during the 3rd quarter. Sullivan Wood Capital Management LLC now owns 1,460,546 shares of the company’s stock valued at $33,213,000 after acquiring an additional 55,804 shares during the period. Bank of America Corp DE raised its holdings in Galaxy Digital by 112.4% during the 2nd quarter. Bank of America Corp DE now owns 1,145,172 shares of the company’s stock valued at $31,309,000 after acquiring an additional 605,986 shares during the period. Finally, AWM Investment Company Inc. bought a new stake in Galaxy Digital during the 2nd quarter valued at $12,221,000.
About Galaxy Digital
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.
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