Q3 EPS Estimates for Galaxy Digital Lifted by Maxim Group

Galaxy Digital Inc. (NASDAQ:GLXY) – Investment analysts at Maxim Group upped their Q3 2026 EPS estimates for shares of Galaxy Digital in a note issued to investors on Thursday, October 22nd. Maxim Group analyst M. Galinko now expects that the company will post earnings of $0.39 per share for the quarter, up from their previous estimate of ($0.44). Maxim Group has a “Buy” rating and a $36.00 price objective on the stock. The consensus estimate for Galaxy Digital’s current full-year earnings is ($0.59) per share. Maxim Group also issued estimates for Galaxy Digital’s Q4 2026 earnings at ($0.97) EPS and FY2026 earnings at ($1.12) EPS.

Galaxy Digital (NASDAQ:GLXY) last released 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. The company had revenue of $8.71 billion during the quarter. Galaxy Digital had a negative return on equity of 6.25% and a negative net margin of 0.75%. During the same quarter in the previous year, the company earned $0.08 EPS.

Several other equities research analysts also recently issued reports on the company. BTIG Research reduced their price objective on Galaxy Digital from $50.00 to $45.00 and set a “buy” rating for the company in a research note on Wednesday, August 5th. Chardan Capital reaffirmed a “buy” rating and set a $35.00 target price on shares of Galaxy Digital in a research note on Wednesday, August 5th. Rosenblatt Securities lowered 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. Piper Sandler dropped their target price on Galaxy Digital from $33.00 to $25.00 and set an “overweight” rating on the stock in a report on Tuesday, October 20th. Finally, Zacks Research raised shares of Galaxy Digital from a “strong sell” rating to a “hold” rating in a research report on Friday, September 18th. Eleven research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Galaxy Digital has an average rating of “Moderate Buy” and an average price target of $36.50.

Galaxy Digital Trading Up 6.8%

Shares of GLXY stock opened at $15.68 on Monday. Galaxy Digital has a 1-year low of $14.19 and a 1-year high of $41.25. 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 stock’s fifty day simple moving average is $22.31 and its 200-day simple moving average is $24.42.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Apollon Wealth Management LLC boosted its holdings in Galaxy Digital by 8.5% in the third quarter. Apollon Wealth Management LLC now owns 55,164 shares of the company’s stock worth $1,254,000 after purchasing an additional 4,330 shares in the last quarter. Inspire Investing LLC increased its position in Galaxy Digital by 58.9% during the third quarter. Inspire Investing LLC now owns 23,374 shares of the company’s stock worth $532,000 after buying an additional 8,665 shares during the last quarter. Reyes Financial Architecture Inc. bought a new position in Galaxy Digital during the third quarter valued at about $30,000. Blue Jean Financial LLC raised its holdings in Galaxy Digital by 6.8% during the third quarter. Blue Jean Financial LLC now owns 148,911 shares of the company’s stock valued at $3,386,000 after buying an additional 9,440 shares in the last quarter. Finally, Clark Financial Services Group Inc. BD raised its holdings in Galaxy Digital by 10.4% during the third quarter. Clark Financial Services Group Inc. BD now owns 18,250 shares of the company’s stock valued at $415,000 after buying an additional 1,717 shares in the last quarter.

Insider Activity

In other Galaxy Digital news, insider Matthew W. Friedrich sold 4,993 shares of Galaxy Digital stock in a transaction that occurred on Wednesday, September 9th. The shares were sold at an average price of $27.03, for a total value of $134,960.79. Following the completion of the sale, the insider directly owned 275,782 shares in the company, valued at $7,454,387.46. The trade was a 1.78% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Douglas R. Deason bought 12,000 shares of Galaxy Digital stock in a transaction on Wednesday, August 12th. The stock was acquired at an average price of $21.54 per share, with a total value of $258,480.00. Following the completion of the purchase, the director directly owned 71,000 shares of the company’s stock, valued at approximately $1,529,340. The trade was a 20.34% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 51.53% of the stock is owned by corporate insiders.

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.