Analysts Offer Predictions for Galaxy Digital Q3 Earnings

Key Points

• Maxim Group raised its Q3 2026 EPS forecast for Galaxy Digital to $0.39 from a previous estimate of a $0.44 loss, while maintaining a Buy rating and $36 price target.
• Galaxy Digital’s latest quarter beat expectations, reporting a $0.09 loss per share versus the anticipated $0.36 loss, alongside $8.71 billion in revenue. However, the company remains unprofitable, with a negative net margin and return on equity.
• Analyst sentiment is broadly positive but mixed on valuation: the stock has a “Moderate Buy” consensus rating and a $36.92 average target, while several firms recently lowered their price objectives. Shares opened at $14.68, near the 52-week low of $14.57.

Galaxy Digital Inc. (NASDAQ:GLXY - Free Report) - Analysts at Maxim Group lifted their Q3 2026 earnings per share (EPS) estimates for Galaxy Digital in a research report issued to clients and investors on Thursday, October 22nd. Maxim Group analyst M. Galinko now forecasts that the company will post earnings of $0.39 per share for the quarter, up from their previous forecast 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 - Get Free Report) last released its quarterly earnings results on Wednesday, August 5th. The company reported ($0.09) EPS for the quarter, beating the consensus estimate of ($0.36) by $0.27. Galaxy Digital had a negative net margin of 0.75% and a negative return on equity of 6.25%. The business had revenue of $8.71 billion during the quarter. During the same period in the previous year, the company posted $0.08 earnings per share.

Several other research firms have also commented on GLXY. Morgan Stanley reduced their price objective on shares of Galaxy Digital from $48.00 to $43.00 and set an "overweight" rating for the company in a research note on Friday, October 9th. Zacks Research raised shares of Galaxy Digital from a "strong sell" rating to a "hold" rating in a report on Friday, September 18th. Piper Sandler cut their price target on shares of Galaxy Digital from $33.00 to $25.00 and set an "overweight" rating on the stock in a report on Tuesday, October 20th. Weiss Ratings downgraded Galaxy Digital from a "hold (c-)" rating to a "sell (d+)" rating in a research report on Friday. Finally, BTIG Research decreased 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 issued a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $36.92.

Galaxy Digital Price Performance

Shares of Galaxy Digital stock opened at $14.68 on Monday. The firm's 50 day moving average price is $22.40 and its 200-day moving average price is $24.97. The company has a quick ratio of 1.50, a current ratio of 1.50 and a debt-to-equity ratio of 1.04. Galaxy Digital has a 52-week low of $14.57 and a 52-week high of $41.47. The company has a market cap of $5.74 billion, a P/E ratio of -22.58 and a beta of 5.11.

Institutional Investors Weigh In On Galaxy Digital

Institutional investors and hedge funds have recently made changes to their positions in the stock. Northwestern Mutual Wealth Management Co. acquired a new position in shares of Galaxy Digital in the 2nd quarter valued at $30,000. Reyes Financial Architecture Inc. acquired a new stake in Galaxy Digital during the 3rd quarter worth about $30,000. CoreCap Advisors LLC lifted its position in Galaxy Digital by 496.0% during the 3rd quarter. CoreCap Advisors LLC now owns 2,211 shares of the company's stock worth $50,000 after acquiring an additional 1,840 shares during the period. GAMMA Investing LLC lifted its position in Galaxy Digital by 1,160.8% during the 3rd quarter. GAMMA Investing LLC now owns 2,345 shares of the company's stock worth $53,000 after acquiring an additional 2,159 shares during the period. Finally, Hollencrest Capital Management grew its stake in Galaxy Digital by 204.0% during the 1st quarter. Hollencrest Capital Management now owns 2,584 shares of the company's stock valued at $48,000 after purchasing an additional 1,734 shares during the last quarter.

Insider Activity

In related news, Director Douglas Deason bought 12,000 shares of the stock in a transaction that occurred on Wednesday, August 12th. The stock was bought at an average cost of $21.54 per share, for a total transaction of $258,480.00. Following the purchase, the director directly owned 71,000 shares of the company's stock, valued at approximately $1,529,340. This trade represents a 20.34% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Steven Bandrowczak bought 5,100 shares of the stock in a transaction that occurred on Monday, August 10th. The stock was bought at an average price of $19.63 per share, with a total value of $100,113.00. Following the completion of the purchase, the director directly owned 39,186 shares in the company, valued at $769,221.18. This represents a 14.96% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Corporate insiders own 51.53% of the company's stock.

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.

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