Galaxy Digital (NASDAQ:GLXY) Stock Gets Price Target Trim from BTIG Research

Galaxy Digital (NASDAQ:GLXY) had its target price reduced by BTIG Research from $45.00 to $35.00 in a research report released on Tuesday morning, MarketBeat Ratings reports. They currently have a buy rating on the stock.

A number of other equities research analysts also recently issued reports on GLXY. Weiss Ratings downgraded Galaxy Digital from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, October 23rd. Citigroup upgraded Galaxy Digital from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $26.00 to $28.00 in a report on Tuesday, October 13th. Maxim Group cut their price objective on Galaxy Digital from $46.00 to $36.00 and set a “buy” rating on the stock in a report on Thursday, October 22nd. Morgan Stanley reduced their price objective 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, Zacks Research upgraded Galaxy Digital from a “strong sell” rating to a “hold” rating in a 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 issued a Sell rating to the stock. According to MarketBeat.com, Galaxy Digital presently has an average rating of “Moderate Buy” and a consensus price target of $35.29.

Galaxy Digital Trading Down 5.0%

Shares of Galaxy Digital stock opened at $18.13 on Tuesday. The business’s fifty day moving average is $21.99 and its two-hundred day moving average is $24.26. Galaxy Digital has a fifty-two week low of $14.19 and a fifty-two week 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 announced its quarterly earnings data on Tuesday, October 27th. The company reported $0.83 earnings per share for the quarter, topping the consensus estimate 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 business had revenue of $8.69 billion for the quarter. On average, research analysts predict that Galaxy Digital will post -0.58 earnings per share for the current year.

Insider Activity

In other news, insider Matthew W. Friedrich sold 4,993 shares of Galaxy Digital stock in a transaction that occurred 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 completion of the transaction, the insider owned 275,782 shares in the company, valued at approximately $7,454,387.46. This trade represents a 1.78% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Steven Bandrowczak bought 5,100 shares of the stock in a transaction on Monday, August 10th. The shares were acquired at an average price 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 $769,221.18. The trade was a 14.96% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Company insiders own 51.53% of the company’s stock.

Institutional Trading of Galaxy Digital

Institutional investors and hedge funds have recently made changes to their positions in the stock. State Street Corp boosted its position in shares of Galaxy Digital by 99.7% during the 2nd quarter. State Street Corp now owns 3,833,993 shares of the company’s stock valued at $104,821,000 after acquiring an additional 1,913,688 shares in the last quarter. Moore Capital Management LP increased its stake in Galaxy Digital by 52.9% in the second quarter. Moore Capital Management LP now owns 2,082,250 shares of the company’s stock valued at $56,929,000 after acquiring an additional 720,000 shares during the period. Sullivan Wood Capital Management LLC raised its position in Galaxy Digital by 4.0% in the third quarter. Sullivan Wood Capital Management LLC now owns 1,460,546 shares of the company’s stock worth $33,213,000 after purchasing an additional 55,804 shares in the last quarter. Bank of America Corp DE raised its position in 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 worth $31,309,000 after purchasing an additional 605,986 shares in the last quarter. Finally, AWM Investment Company Inc. acquired a new position in Galaxy Digital in the second quarter worth about $12,221,000.

Key Headlines 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.