Galaxy Digital (NASDAQ:GLXY) Stock Keeps Buy Rating at Chardan Capital

Galaxy Digital (NASDAQ:GLXY)‘s stock had its “buy” rating reissued by equities researchers at Chardan Capital in a note issued to investors on Tuesday, Benzinga reports. They currently have a $35.00 price objective on the stock. Chardan Capital‘s price objective would suggest a potential upside of 103.73% from the stock’s previous close.

Several other equities analysts have also commented on GLXY. Zacks Research raised Galaxy Digital from a “strong sell” rating to a “hold” rating in a research note on Friday, September 18th. Piper Sandler decreased 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 target price for the stock from $26.00 to $28.00 in a research note on Tuesday, October 13th. Rosenblatt Securities decreased their target price on Galaxy Digital from $35.00 to $30.00 and set a “buy” rating on the stock in a research note on Monday. Finally, Maxim Group decreased their target price on Galaxy Digital from $46.00 to $36.00 and set a “buy” rating on the stock in a research note on Thursday, October 22nd. Eleven research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $35.67.

Galaxy Digital Trading Up 9.6%

Shares of Galaxy Digital stock traded up $1.50 during trading hours on Tuesday, hitting $17.18. The company’s stock had a trading volume of 10,278,888 shares, compared to its average volume of 6,386,440. Galaxy Digital has a twelve month low of $14.19 and a twelve month high of $38.54. The firm has a fifty day moving average of $22.31 and a 200-day moving average of $24.42. The stock has a market cap of $6.72 billion, a price-to-earnings ratio of -26.43 and a beta of 5.11. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.50 and a current ratio of 1.50.

Galaxy Digital (NASDAQ:GLXY) last announced its quarterly earnings results on Tuesday, October 27th. The company reported $0.83 EPS for the quarter, beating the consensus estimate of $0.29 by $0.54. Galaxy Digital had a negative return on equity of 6.25% and a negative net margin of 0.75%. The business had revenue of $8.69 billion for the quarter. Research analysts forecast that Galaxy Digital will post -0.59 EPS for the current year.

Insiders Place Their Bets

In other Galaxy Digital news, Director Douglas R. Deason acquired 12,000 shares of the company’s stock in a transaction dated Wednesday, August 12th. The shares were acquired at an average price of $21.54 per share, for a total transaction of $258,480.00. Following the acquisition, the director owned 71,000 shares in the company, valued at $1,529,340. The trade was a 20.34% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Steven Bandrowczak acquired 5,100 shares of the company’s stock in a transaction dated Monday, August 10th. The stock was acquired at an average price of $19.63 per share, for a total transaction of $100,113.00. Following the acquisition, the director owned 39,186 shares in the company, valued at approximately $769,221.18. The trade was a 14.96% increase in their position. The SEC filing for this purchase provides additional information. 51.53% of the stock is owned by company insiders.

Institutional Investors Weigh In On Galaxy Digital

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Apollon Wealth Management LLC lifted its position in Galaxy Digital by 8.5% in the third quarter. Apollon Wealth Management LLC now owns 55,164 shares of the company’s stock valued at $1,254,000 after acquiring an additional 4,330 shares during the last quarter. Inspire Investing LLC lifted its position in Galaxy Digital by 58.9% in the third quarter. Inspire Investing LLC now owns 23,374 shares of the company’s stock valued at $532,000 after acquiring an additional 8,665 shares during the last quarter. Reyes Financial Architecture Inc. purchased a new stake in Galaxy Digital in the third quarter valued at $30,000. Blue Jean Financial LLC lifted its position in Galaxy Digital by 6.8% in the third quarter. Blue Jean Financial LLC now owns 148,911 shares of the company’s stock valued at $3,386,000 after acquiring an additional 9,440 shares during the last quarter. Finally, Clark Financial Services Group Inc. BD grew its stake in Galaxy Digital by 10.4% during the 3rd quarter. Clark Financial Services Group Inc. BD now owns 18,250 shares of the company’s stock worth $415,000 after buying an additional 1,717 shares during the last quarter.

Trending Headlines about Galaxy Digital

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

• Positive Sentiment: Strong Q3 earnings beat: Galaxy reported adjusted earnings of $0.83 per share, well above the $0.29 consensus estimate. Revenue reached $8.69 billion, while reported quarterly net income was approximately $323 million. Galaxy Announces Third Quarter 2026 Financial Results
• Positive Sentiment: Business diversification is gaining traction: Coverage highlighted surging revenue from Galaxy’s AI data-center operations, while a rebound in the company’s investments also supported the quarter’s profit. This may reduce investors’ reliance on cryptocurrency-market trading results over time. Galaxy Digital Reports $323M Quarterly Profit
• Positive Sentiment: Analysts remain bullish: Chardan Capital reaffirmed its “buy” rating with a $35 price target. Maxim Group also raised its Q3 earnings forecast, reinforcing the improved near-term earnings outlook. Chardan Capital Galaxy Digital Rating
• Neutral Sentiment: Analyst targets were recalibrated: BTIG Research cut its target from $45 to $35 and Rosenblatt Securities reduced its target from $35 to $30, but both firms retained “buy” ratings. The reductions suggest analysts see upside while taking a more cautious view of valuation and execution risk.
• Negative Sentiment: Recent performance remains a concern: GLXY has fallen sharply from its 2025 peak and remains highly volatile, reflecting sensitivity to cryptocurrency prices, investment gains and losses, and broader risk appetite. Investors may also continue to focus on the company’s historically inconsistent profitability despite the latest earnings beat. Galaxy Digital Stock Performance

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.