Galaxy Digital Inc. (NASDAQ:GLXY) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Galaxy Digital Inc. (NASDAQ:GLXY) have received a consensus rating of “Moderate Buy” from the fourteen brokerages that are presently covering the firm, MarketBeat reports. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and ten have assigned a buy rating to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $38.8333.

GLXY has been the topic of a number of research analyst reports. Wall Street Zen upgraded Galaxy Digital from a “strong sell” rating to a “sell” rating in a research report on Saturday, May 2nd. BTIG Research dropped their price target on Galaxy Digital from $50.00 to $45.00 and set a “buy” rating on the stock in a research note on Wednesday. Weiss Ratings lowered Galaxy Digital from a “sell (d+)” rating to a “sell (d-)” rating in a research report on Tuesday, May 26th. Chardan Capital reiterated a “buy” rating and issued a $35.00 price objective on shares of Galaxy Digital in a research note on Wednesday. Finally, Cantor Fitzgerald reissued an “overweight” rating and issued a $30.00 price objective on shares of Galaxy Digital in a report on Friday, May 1st.

Insider Buying and Selling

In related news, Director Michael D. Daffey sold 250,000 shares of the company’s stock in a transaction on Thursday, May 21st. The shares were sold at an average price of $28.77, for a total value of $7,192,500.00. Following the completion of the sale, the director owned 1,505,419 shares in the company, valued at $43,310,904.63. This represents a 14.24% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 51.53% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Galaxy Digital

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Victory Capital Management Inc. lifted its holdings in shares of Galaxy Digital by 2.1% during the third quarter. Victory Capital Management Inc. now owns 19,596 shares of the company’s stock worth $663,000 after purchasing an additional 411 shares during the period. Private Advisor Group LLC increased its stake in Galaxy Digital by 6.9% in the 1st quarter. Private Advisor Group LLC now owns 10,108 shares of the company’s stock valued at $186,000 after buying an additional 655 shares during the period. Dimensional Fund Advisors LP raised its position in Galaxy Digital by 1.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 52,879 shares of the company’s stock worth $1,182,000 after buying an additional 666 shares during the last quarter. Main Management ETF Advisors LLC lifted its stake in shares of Galaxy Digital by 1.0% in the 4th quarter. Main Management ETF Advisors LLC now owns 71,253 shares of the company’s stock worth $1,593,000 after acquiring an additional 728 shares during the period. Finally, Cetera Investment Advisers boosted its holdings in shares of Galaxy Digital by 2.3% in the fourth quarter. Cetera Investment Advisers now owns 32,963 shares of the company’s stock valued at $737,000 after acquiring an additional 742 shares in the last quarter.

Galaxy Digital Stock Performance

Shares of Galaxy Digital stock opened at $19.54 on Friday. The company has a quick ratio of 1.70, a current ratio of 1.70 and a debt-to-equity ratio of 0.94. Galaxy Digital has a 52 week low of $16.43 and a 52 week high of $45.92. The firm’s 50 day moving average is $26.60 and its two-hundred day moving average is $25.21. The firm has a market capitalization of $7.62 billion, a P/E ratio of -30.06 and a beta of 5.06.

Galaxy Digital (NASDAQ:GLXY) last issued its earnings results on Wednesday, August 5th. The company reported ($0.09) earnings per share (EPS) for the quarter, beating 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 6.10%. The business had revenue of $8.71 billion during the quarter. During the same quarter in the previous year, the company posted $0.08 EPS. Research analysts forecast that Galaxy Digital will post -0.35 EPS for the current fiscal year.

Key Headlines Impacting Galaxy Digital

Here are the key news stories impacting Galaxy Digital this week:

• Positive Sentiment: BTIG Research maintained a Buy rating while lowering its price target from $50 to $45, implying substantial upside based on the recent share price. Benzinga coverage
• Positive Sentiment: Chardan Capital reaffirmed its Buy rating and set a $35 price target, signaling continued analyst confidence in Galaxy Digital’s long-term prospects. Benzinga coverage
• Positive Sentiment: Trading activity was bullish-leaning, as investors purchased 38,222 call options—about 39% above the typical daily call volume—indicating increased speculative interest in further upside.
• Positive Sentiment: Galaxy reported second-quarter EPS of negative $0.09, beating the consensus estimate of negative $0.36 by $0.27. The company also ended the quarter with $2.7 billion in total equity and $2.5 billion in cash and stablecoins. Galaxy second-quarter financial results
• Neutral Sentiment: Analysts collectively rated Galaxy Digital “Moderate Buy,” suggesting a generally favorable outlook but not unanimous conviction. Analyst rating coverage
• Negative Sentiment: The quarterly results still showed an $85 million net loss, negative adjusted EBITDA of $77 million and adjusted gross profit of $43 million. Management attributed the loss primarily to declining digital-asset prices. Revenue of $8.71 billion also missed estimates, according to Zacks. Zacks earnings coverage

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.