Galaxy Digital (NASDAQ:GLXY) Stock Gets Price Target Trim from Rosenblatt Securities

Galaxy Digital (NASDAQ:GLXY) had its price objective decreased by Rosenblatt Securities from $35.00 to $30.00 in a report published on Monday morning,Benzinga reports. Rosenblatt Securities currently has a buy rating on the stock.

Other analysts also recently issued research reports about the stock. Zacks Research raised shares of Galaxy Digital from a “strong sell” rating to a “hold” rating in a report on Friday, September 18th. Citigroup raised shares of Galaxy Digital from a “neutral” rating to a “buy” rating and increased their price target for the company from $26.00 to $28.00 in a report on Tuesday, October 13th. Weiss Ratings cut shares of Galaxy Digital from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, October 23rd. Maxim Group cut 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 report on Thursday, October 22nd. Finally, 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 report on Wednesday, August 5th. Eleven equities 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 stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $35.29.

Galaxy Digital Trading Up 11.1%

GLXY stock opened at $19.09 on Monday. Galaxy Digital has a one year low of $14.19 and a one year high of $38.00. The stock has a market cap of $7.46 billion, a price-to-earnings ratio of -29.37 and a beta of 5.11. The company has a fifty day moving average price of $22.07 and a two-hundred day moving average price of $24.30. 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 data on Tuesday, October 27th. The company reported $0.83 EPS for the quarter, beating the consensus estimate of $0.29 by $0.54. The firm had revenue of $8.69 billion for the quarter. Galaxy Digital had a negative net margin of 0.75% and a negative return on equity of 6.25%. Equities analysts anticipate that Galaxy Digital will post -0.59 EPS for the current year.

Insider Buying and Selling at Galaxy Digital

In other news, Director Steven Bandrowczak acquired 5,100 shares of the stock in a transaction on Monday, August 10th. The shares were purchased at an average price of $19.63 per share, for a total transaction of $100,113.00. Following the transaction, the director directly owned 39,186 shares of the company’s stock, valued at approximately $769,221.18. This represents a 14.96% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Matthew Friedrich sold 4,993 shares of the 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 owned 275,782 shares in the company, valued at $7,454,387.46. The trade was a 1.78% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 51.53% of the company’s stock.

Hedge Funds Weigh In On Galaxy Digital

Institutional investors and hedge funds have recently modified their holdings of the business. State Street Corp increased its position in Galaxy Digital by 99.7% during the second quarter. State Street Corp now owns 3,833,993 shares of the company’s stock worth $104,821,000 after acquiring an additional 1,913,688 shares during the period. Moore Capital Management LP raised its stake in Galaxy Digital by 52.9% in the 2nd quarter. Moore Capital Management LP now owns 2,082,250 shares of the company’s stock worth $56,929,000 after purchasing an additional 720,000 shares in the last quarter. Sullivan Wood Capital Management LLC boosted its holdings in Galaxy Digital by 4.0% in the 3rd quarter. Sullivan Wood Capital Management LLC now owns 1,460,546 shares of the company’s stock valued at $33,213,000 after purchasing an additional 55,804 shares during the period. Bank of America Corp DE boosted its holdings in Galaxy Digital by 112.4% in the 2nd quarter. Bank of America Corp DE now owns 1,145,172 shares of the company’s stock valued at $31,309,000 after purchasing an additional 605,986 shares during the period. Finally, Anson Funds Management LP bought a new stake in Galaxy Digital in the 1st quarter valued at about $11,070,000.

Galaxy Digital News Summary

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

• Positive Sentiment: Strong quarterly profit: Galaxy reported third-quarter adjusted EPS of $0.83, exceeding the $0.29 consensus estimate, on revenue of $8.69 billion. The company also reported approximately $323 million in quarterly net income. Galaxy Announces Third Quarter 2026 Financial Results
• Positive Sentiment: Growth initiatives and capital returns: Management highlighted expanding AI data-center operations and growth at Helios, while the company announced a new share-repurchase program. These developments may support the investment case by diversifying Galaxy beyond cryptocurrency trading and potentially boosting per-share value. Galaxy Digital reports $323M quarterly profit as AI data center revenue surges
• Positive Sentiment: Analysts remain bullish: Canaccord Genuity reaffirmed its “buy” rating with a $50 price target, while Chardan Capital maintained a “buy” rating and a $35 target. Both imply substantial upside from the referenced share price.
• Neutral Sentiment: Mixed target-price revisions: HC Wainwright and BTIG Research maintained “buy” ratings but reduced their price targets to $36 and $35, respectively, suggesting analysts see upside but have become more cautious about Galaxy’s near-term outlook.
• Negative Sentiment: Bearish hedging increased: Traders purchased 32,920 put options on Wednesday, about 23% above average put volume. The activity signals elevated demand for downside protection or bearish speculation.
• Negative Sentiment: Profitability remains volatile: Although EPS beat estimates, it declined from $1.12 a year earlier, and the company continues to face cryptocurrency-market sensitivity. The stock also remains well below its 52-week high, reinforcing investor concerns about volatility and valuation.

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.