Galaxy Digital (NASDAQ:GLXY) Stock Gets Price Target Trim from HC Wainwright

Galaxy Digital (NASDAQ:GLXY) had its target price reduced by HC Wainwright from $40.00 to $36.00 in a research note issued to investors on Wednesday morning, MarketBeat.com reports. They currently have a buy rating on the stock. HC Wainwright also issued estimates for Galaxy Digital’s Q4 2026 earnings at $0.01 EPS, FY2026 earnings at $0.32 EPS, Q1 2027 earnings at $0.04 EPS, Q2 2027 earnings at ($0.05) EPS, Q3 2027 earnings at ($0.08) EPS, Q4 2027 earnings at ($0.04) EPS and FY2027 earnings at ($0.13) EPS.

A number of other research analysts also recently commented on the company. Morgan Stanley lowered their target price 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. Maxim Group dropped their price objective on shares of Galaxy Digital from $46.00 to $36.00 and set a “buy” rating for the company in a research note on Thursday, October 22nd. Weiss Ratings downgraded shares of Galaxy Digital from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, October 23rd. Chardan Capital restated a “buy” rating and set a $35.00 target price on shares of Galaxy Digital in a research report on Tuesday. Finally, 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. Eleven investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $35.29.

Galaxy Digital Price Performance

Shares of Galaxy Digital stock opened at $16.00 on Wednesday. The stock has a 50 day moving average of $21.84 and a 200 day moving average of $24.22. Galaxy Digital has a 12 month low of $14.19 and a 12 month high of $36.88. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.50 and a quick ratio of 1.50.

Galaxy Digital (NASDAQ:GLXY) last released its quarterly earnings results on Tuesday, October 27th. The company reported $0.83 earnings per share for the quarter, beating the consensus estimate of $0.29 by $0.54. Galaxy Digital had a negative return on equity of 10.30% and a negative net margin of 0.89%. The business had revenue of $8.69 billion during the quarter. As a group, equities analysts expect that Galaxy Digital will post -0.24 EPS for the current fiscal year.

Insider Activity

In other news, insider Matthew Friedrich sold 4,993 shares of the company’s stock in a transaction dated Wednesday, September 9th. The shares were 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 in the company, valued at approximately $7,454,387.46. This represents a 1.78% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Douglas Deason purchased 12,000 shares of Galaxy Digital stock in a transaction that occurred on Wednesday, August 12th. The stock was bought at an average cost of $21.54 per share, for a total transaction of $258,480.00. Following the purchase, the director directly owned 71,000 shares in the company, valued at $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. Insiders own 51.53% of the company’s stock.

Hedge Funds Weigh In On Galaxy Digital

Hedge funds have recently added to or reduced their stakes in the stock. State Street Corp lifted its holdings in shares of Galaxy Digital by 99.7% in the 2nd quarter. State Street Corp now owns 3,833,993 shares of the company’s stock worth $104,821,000 after buying an additional 1,913,688 shares during the period. Moore Capital Management LP increased its stake in shares of Galaxy Digital by 52.9% during the second 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 during the period. Sullivan Wood Capital Management LLC increased its stake in shares of Galaxy Digital by 4.0% during the third quarter. Sullivan Wood Capital Management LLC now owns 1,460,546 shares of the company’s stock valued at $33,213,000 after buying an additional 55,804 shares during the period. Bank of America Corp DE raised its holdings in shares of Galaxy Digital by 112.4% in the second 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 in the last quarter. Finally, Anson Funds Management LP bought a new stake in shares of Galaxy Digital in the first quarter valued at about $11,070,000.

Trending Headlines about Galaxy Digital

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

• Positive Sentiment: Strong third-quarter results: Galaxy reported $0.83 in quarterly EPS, surpassing the $0.29 consensus estimate, on $8.69 billion in revenue. The results helped revive the company’s profitability outlook and initially supported the stock. Galaxy Digital Shares Up 6% on Strong Earnings
• Positive Sentiment: Improved earnings outlook from HC Wainwright: The firm raised its FY2026 estimate to $0.32 EPS from a previously implied loss outlook and lifted its FY2027 estimate to a loss of $0.13 per share from a loss of $0.67. It also increased estimates for several upcoming quarters, maintained a Buy rating and kept a $36 price target. HC Wainwright Has Lowered Expectations for Galaxy Digital Stock Price
• Positive Sentiment: National trust bank application: Galaxy applied to the OCC for a proposed Galaxy National Bank. If approved, the federally supervised trust bank could house its digital-asset custody, trading, staking and fiduciary advisory businesses, potentially strengthening institutional credibility and regulatory positioning. Approval is not guaranteed. Galaxy Applies for National Trust Bank Charter
• Positive Sentiment: Analyst support: Canaccord Genuity assigned a Buy rating, while Chardan Capital reaffirmed its Buy rating. Galaxy Digital Earns Buy Rating from Canaccord Genuity Group
• Negative Sentiment: Target-price pressure: BTIG Research and HC Wainwright lowered their expectations for GLXY’s stock price, which may be offsetting the benefit of the earnings beat and bullish ratings. The stock’s high beta also leaves it particularly sensitive to shifts in crypto sentiment and profit-taking after the recent earnings-driven advance. BTIG Research Has Lowered Expectations for Galaxy Digital Stock Price

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.