HC Wainwright Forecasts Galaxy Digital Q3 Earnings

Galaxy Digital Inc. (NASDAQ:GLXY) – Equities researchers at HC Wainwright issued their Q3 2026 earnings per share estimates for shares of Galaxy Digital in a research note issued on Thursday, August 6th. HC Wainwright analyst M. Colonnese expects that the company will earn ($0.17) per share for the quarter. The consensus estimate for Galaxy Digital’s current full-year earnings is ($0.74) per share. HC Wainwright also issued estimates for Galaxy Digital’s Q4 2026 earnings at ($0.02) EPS, FY2026 earnings at ($0.60) EPS, Q1 2027 earnings at ($0.99) EPS, Q2 2027 earnings at ($0.17) EPS, Q3 2027 earnings at ($0.15) EPS, Q4 2027 earnings at ($0.12) EPS and FY2027 earnings at ($0.67) EPS.

Several other brokerages have also recently commented on GLXY. Canaccord Genuity Group reaffirmed a “buy” rating and set a $50.00 target price on shares of Galaxy Digital in a report on Friday, April 24th. Morgan Stanley reaffirmed an “overweight” rating and issued a $37.00 price objective on shares of Galaxy Digital in a report on Wednesday, April 29th. Rosenblatt Securities reduced their target price on Galaxy Digital from $39.00 to $35.00 and set a “buy” rating on the stock in a report on Monday, August 3rd. Wall Street Zen upgraded Galaxy Digital from a “strong sell” rating to a “sell” rating in a research report on Saturday, May 2nd. Finally, Chardan Capital reaffirmed a “buy” rating and set a $35.00 price objective on shares of Galaxy Digital in a research report on Wednesday, August 5th. Ten research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $38.83.

Galaxy Digital Price Performance

Shares of Galaxy Digital stock opened at $19.52 on Monday. The company has a quick ratio of 1.70, a current ratio of 1.70 and a debt-to-equity ratio of 0.94. The stock has a market capitalization of $7.61 billion, a price-to-earnings ratio of -30.03 and a beta of 5.06. Galaxy Digital has a twelve month low of $16.43 and a twelve month high of $45.92. The company has a 50-day simple moving average of $26.19 and a two-hundred day simple moving average of $25.02.

Galaxy Digital (NASDAQ:GLXY) last announced its earnings results on Wednesday, August 5th. The company reported ($0.09) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 company had revenue of $8.71 billion during the quarter. During the same period in the previous year, the firm posted $0.08 EPS.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Victory Capital Management Inc. grew its position in shares of Galaxy Digital by 2.1% in the 3rd quarter. Victory Capital Management Inc. now owns 19,596 shares of the company’s stock valued at $663,000 after buying an additional 411 shares during the last quarter. Private Advisor Group LLC raised its position in shares of 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 acquiring an additional 655 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Galaxy Digital by 1.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 52,879 shares of the company’s stock worth $1,182,000 after acquiring an additional 666 shares during the period. Main Management ETF Advisors LLC boosted its holdings in Galaxy Digital by 1.0% in the fourth quarter. Main Management ETF Advisors LLC now owns 71,253 shares of the company’s stock valued at $1,593,000 after acquiring an additional 728 shares during the last quarter. Finally, Cetera Investment Advisers increased its position in Galaxy Digital by 2.3% during the 4th quarter. Cetera Investment Advisers now owns 32,963 shares of the company’s stock valued at $737,000 after purchasing an additional 742 shares during the period.

Insider Activity

In other Galaxy Digital news, Director Michael D. Daffey sold 250,000 shares of Galaxy Digital stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $28.77, for a total value of $7,192,500.00. Following the transaction, the director owned 1,505,419 shares in the company, valued at $43,310,904.63. The trade was a 14.24% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Steven John Bandrowczak bought 5,100 shares of the stock in a transaction on Monday, August 10th. The shares were acquired at an average cost of $19.63 per share, with a total value of $100,113.00. Following the purchase, the director owned 39,186 shares of the company’s stock, valued at approximately $769,221.18. This represents a 14.96% increase in their position. The disclosure for this purchase is available in the SEC filing. Company insiders own 51.53% of the company’s stock.

Galaxy Digital Company Profile

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.