Galaxy Digital’s (GLXY) “Buy” Rating Reiterated at Chardan Capital

Chardan Capital restated their buy rating on shares of Galaxy Digital (NASDAQ:GLXY) in a research report sent to investors on Tuesday morning,Benzinga reports. The brokerage currently has a $35.00 target price on the stock.

GLXY has been the subject of several other reports. Zacks Research upgraded shares of Galaxy Digital from a “strong sell” rating to a “hold” rating in a report on Friday, September 18th. BTIG Research dropped their price target on Galaxy Digital from $45.00 to $35.00 and set a “buy” rating for the company in a research note on Tuesday. Piper Sandler dropped their target price on Galaxy Digital from $33.00 to $25.00 and set an “overweight” rating for the company in a research report on Tuesday, October 20th. Morgan Stanley cut their price target on Galaxy Digital from $48.00 to $43.00 and set an “overweight” rating on the stock in a research note on Friday, October 9th. Finally, Weiss Ratings cut Galaxy Digital from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, October 23rd. Eleven research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Galaxy Digital currently has an average rating of “Moderate Buy” and an average target price of $35.29.

Galaxy Digital Price Performance

GLXY stock opened at $18.13 on Tuesday. The company has a current ratio of 1.50, a quick ratio of 1.50 and a debt-to-equity ratio of 1.04. The company has a 50 day simple moving average of $21.99 and a 200 day simple moving average of $24.26. Galaxy Digital has a 1 year low of $14.19 and a 1 year high of $36.88.

Galaxy Digital (NASDAQ:GLXY) last issued its earnings results on Tuesday, October 27th. The company reported $0.83 earnings per share for the quarter, beating analysts’ consensus estimates of $0.29 by $0.54. Galaxy Digital had a negative net margin of 0.89% and a negative return on equity of 10.30%. The firm had revenue of $8.69 billion for the quarter. On average, analysts anticipate that Galaxy Digital will post -0.58 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Douglas Deason acquired 12,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 12th. The stock was acquired at an average cost of $21.54 per share, for a total transaction of $258,480.00. Following the completion of the acquisition, the director directly owned 71,000 shares of the company’s stock, valued at approximately $1,529,340. This trade represents a 20.34% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Also, 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 transaction, the insider directly owned 275,782 shares of the company’s stock, valued at approximately $7,454,387.46. This represents a 1.78% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 51.53% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Galaxy Digital

A number of hedge funds have recently made changes to their positions in GLXY. Triumph Capital Management increased its position in shares of Galaxy Digital by 13.2% during the second quarter. Triumph Capital Management now owns 4,893 shares of the company’s stock worth $134,000 after buying an additional 572 shares during the period. Private Advisor Group LLC raised its stake in Galaxy Digital by 6.9% during the first quarter. Private Advisor Group LLC now owns 10,108 shares of the company’s stock worth $186,000 after buying an additional 655 shares during the last quarter. Envestnet Asset Management Inc. raised its stake in Galaxy Digital by 5.2% during the second quarter. Envestnet Asset Management Inc. now owns 19,976 shares of the company’s stock worth $546,000 after buying an additional 994 shares during the last quarter. Northwestern Mutual Wealth Management Co. acquired a new position in Galaxy Digital in the second quarter valued at $30,000. Finally, Reyes Financial Architecture Inc. acquired a new position in Galaxy Digital in the third quarter valued at $30,000.

Key Stories Impacting Galaxy Digital

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

• Positive Sentiment: Galaxy Digital applied for approval to establish Galaxy National Bank, a proposed federally regulated trust bank under Office of the Comptroller of the Currency supervision. If approved, the bank could bring the company’s digital-asset custody, trading, staking, and fiduciary advisory services under a national regulatory framework, potentially improving institutional credibility and supporting future adoption. Galaxy Applies for National Trust Bank Charter
• Positive Sentiment: Galaxy’s third-quarter results exceeded expectations, with reported earnings of $0.83 per share versus the $0.29 consensus estimate and revenue of $8.69 billion. Coverage characterized the results as reviving the company’s profit outlook, while a reported $323 million quarterly profit and a new share-repurchase program added to the bullish reaction. Galaxy Digital Stock Rises After Q3 Profit and New Buyback
• Positive Sentiment: Canaccord Genuity reaffirmed its “Buy” rating and set a $50 price target, while Chardan Capital also maintained a “Buy” recommendation. These views indicate analysts see substantial upside if Galaxy executes on its digital-assets and infrastructure initiatives.
• Neutral Sentiment: The earnings call highlighted growth opportunities in artificial intelligence and the Helios business, suggesting Galaxy is continuing to diversify beyond crypto trading. Galaxy Digital Earnings Call Highlights AI and Helios Growth
• Negative Sentiment: HC Wainwright reduced its price target from $40 to $36, and BTIG Research lowered its expectations. Although both appear to retain a positive stance, the target reductions may weigh on sentiment.
• Negative Sentiment: Unusually heavy put-option activity was reported, with traders purchasing 32,920 puts—23% above typical daily volume—signaling increased near-term hedging or bearish speculation.

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.