Galaxy Digital’s (GLXY) Market Outperform Rating Reaffirmed at Citizens Jmp

Citizens Jmp restated their market outperform rating on shares of Galaxy Digital (NASDAQ:GLXY) in a research note issued to investors on Wednesday morning,Benzinga reports. Citizens Jmp currently has a $55.00 target price on the stock.

Several other equities research analysts have also issued reports on GLXY. BTIG Research restated a “buy” rating and issued a $50.00 target price on shares of Galaxy Digital in a report on Tuesday. Chardan Capital began coverage on shares of Galaxy Digital in a report on Monday. They issued a “buy” rating and a $35.00 target price for the company. Canaccord Genuity Group restated a “buy” rating and issued a $50.00 target price on shares of Galaxy Digital in a report on Friday, April 24th. Citigroup raised their target price on shares of Galaxy Digital from $25.00 to $28.00 and gave the stock a “neutral” rating in a report on Wednesday, March 18th. Finally, Wall Street Zen lowered shares of Galaxy Digital from a “hold” rating to a “sell” rating in a report on Saturday, February 28th. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $39.50.

Galaxy Digital Price Performance

Galaxy Digital stock opened at $25.42 on Wednesday. The firm has a 50-day moving average price of $21.90 and a 200-day moving average price of $26.09. The firm has a market capitalization of $9.89 billion and a PE ratio of 211.83. The company has a current ratio of 1.60, a quick ratio of 1.60 and a debt-to-equity ratio of 0.80. Galaxy Digital has a 12-month low of $14.70 and a 12-month high of $45.92.

Galaxy Digital (NASDAQ:GLXY) last released its earnings results on Tuesday, April 28th. The company reported ($0.49) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.59) by $0.10. The firm had revenue of $7.35 billion during the quarter. During the same period in the previous year, the business earned ($0.86) EPS. As a group, equities research analysts forecast that Galaxy Digital will post -0.78 EPS for the current year.

Insider Buying and Selling

In related news, Director Douglas R. Deason purchased 25,000 shares of Galaxy Digital stock in a transaction that occurred on Wednesday, February 4th. The shares were bought at an average price of $20.80 per share, with a total value of $520,000.00. Following the purchase, the director directly owned 59,000 shares of the company’s stock, valued at approximately $1,227,200. This represents a 73.53% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 51.53% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. CWM LLC increased its stake in Galaxy Digital by 20.8% in the 3rd quarter. CWM LLC now owns 1,419 shares of the company’s stock worth $48,000 after buying an additional 244 shares during the period. Victory Capital Management Inc. increased its stake in Galaxy Digital by 2.1% in the 3rd quarter. Victory Capital Management Inc. now owns 19,596 shares of the company’s stock worth $663,000 after buying an additional 411 shares during the period. Private Advisor Group LLC increased its stake in Galaxy Digital by 6.9% in the 1st quarter. Private Advisor Group LLC now owns 10,108 shares of the company’s stock worth $186,000 after buying an additional 655 shares during the period. Dimensional Fund Advisors LP increased its position in Galaxy Digital by 1.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 52,879 shares of the company’s stock valued at $1,182,000 after purchasing an additional 666 shares during the period. Finally, Main Management ETF Advisors LLC increased its position in Galaxy Digital by 1.0% during the 4th quarter. Main Management ETF Advisors LLC now owns 71,253 shares of the company’s stock valued at $1,593,000 after purchasing an additional 728 shares during the period.

Key Headlines Impacting Galaxy Digital

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

• Positive Sentiment: Helios data?center moved from construction into early revenue (first data hall delivered to CoreWeave), ERCOT approved an additional ~830 MW (total >1.6 GW) and management disclosed ongoing buybacks — operational progress + repurchases boosted investor confidence. Quiver: Helios milestone & buyback
• Positive Sentiment: Wall Street is increasingly bullish: BTIG reaffirmed a Buy with a $50 target and Citizens/JMP reiterated Market Outperform with a $55 target; Chardan initiated coverage with a Buy — analyst price?target activity supports upside expectations. Benzinga: BTIG & Citizens notes MSN: Chardan initiation
• Positive Sentiment: Insiders and institutions have been buyers (notable insider purchases reported), and several large funds added or increased GLXY positions recently — insider/institutional accumulation is a supportive technical/behavioral signal. Quiver: insider & institutional activity
• Neutral Sentiment: Q1 2026 results: net loss $216M (EPS -$0.49) but the EPS beat consensus (-$0.59); revenue $7.35B; total equity ~$2.8B and cash + stablecoins ~$2.6B — beat on EPS but loss mainly driven by digital?asset price moves. PR Newswire: Q1 results
• Neutral Sentiment: Management commentary from the earnings call/ transcripts framed the quarter as driven by volatile crypto prices while emphasizing data?center commercialization and other strategic priorities — useful context but not an immediate earnings fix. Yahoo Finance: Q1 highlights / transcript
• Negative Sentiment: Despite the EPS beat, markets sold the stock amid the crypto?price?driven loss, weaker indices and softer risk appetite — short?term sentiment and macro risk weighed on the share price. Benzinga: what’s behind the drop
• Negative Sentiment: Operational profitability remains challenged: adjusted gross loss (~$88M) and adjusted EBITDA (~$188M) underscore ongoing negative operating results until crypto markets and new revenue from Helios ramp further. PR Newswire: adjusted metrics

About Galaxy Digital

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.