Galaxy Digital Q4 Earnings Forecast Boosted by Maxim Group

Key Points

• Maxim Group raised its Q4 2026 EPS forecast for Galaxy Digital to a loss of $0.41 from a prior loss of $0.97, while maintaining a Buy rating and $36 price target.
• Galaxy Digital’s latest quarter exceeded expectations, reporting $0.83 EPS versus $0.29 expected and $8.69 billion in revenue. Analysts have a Moderate Buy consensus rating and average price target of $35.29.
• Despite the improved outlook, near-term profitability remains uncertain: Maxim projects losses through Q3 2027, while the stock was trading near its 52-week low and below its 50- and 200-day moving averages.

Galaxy Digital Inc. (NASDAQ:GLXY - Free Report) - Research analysts at Maxim Group raised their Q4 2026 earnings estimates for shares of Galaxy Digital in a research note issued on Friday, October 30th. Maxim Group analyst M. Galinko now forecasts that the company will post earnings per share of ($0.41) for the quarter, up from their prior forecast of ($0.97). Maxim Group has a "Buy" rating and a $36.00 price target on the stock. The consensus estimate for Galaxy Digital's current full-year earnings is ($0.24) per share. Maxim Group also issued estimates for Galaxy Digital's Q1 2027 earnings at ($0.79) EPS, Q2 2027 earnings at ($0.25) EPS, Q3 2027 earnings at ($0.08) EPS, Q4 2027 earnings at $0.08 EPS, FY2027 earnings at ($0.96) EPS, Q1 2028 earnings at $0.13 EPS, Q2 2028 earnings at $0.12 EPS, Q3 2028 earnings at $0.38 EPS and FY2028 earnings at $1.55 EPS.

Galaxy Digital (NASDAQ:GLXY - Get Free Report) last posted its quarterly earnings results on Tuesday, October 27th. The company reported $0.83 earnings per share (EPS) for the quarter, beating 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 during the quarter.

Several other equities analysts have also issued reports on the company. Chardan Capital restated a "buy" rating and set a $35.00 price target on shares of Galaxy Digital in a research report on Tuesday, October 27th. The Goldman Sachs Group set a $20.50 price objective on Galaxy Digital in a research report on Tuesday, October 27th. HC Wainwright dropped their price objective on Galaxy Digital from $40.00 to $36.00 and set a "buy" rating for the company in a research note on Wednesday, October 28th. Piper Sandler cut their target price 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. Finally, BTIG Research decreased their target price on shares of Galaxy Digital from $45.00 to $35.00 and set a "buy" rating on the stock in a research note on Tuesday, October 27th. Eleven analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Galaxy Digital currently has a consensus rating of "Moderate Buy" and an average target price of $35.29.

Galaxy Digital Trading Down 8.8%

NASDAQ GLXY opened at $14.59 on Tuesday. Galaxy Digital has a 1-year low of $14.19 and a 1-year 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. The stock has a 50-day moving average of $21.66 and a 200-day moving average of $24.15.

Insiders Place Their Bets

In other Galaxy Digital news, Director Steven Bandrowczak acquired 5,100 shares of the business's stock in a transaction dated Monday, August 10th. The shares were purchased at an average cost of $19.63 per share, for a total transaction of $100,113.00. Following the transaction, the director owned 39,186 shares in the company, valued at $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 available at the SEC website. Also, Director Medina Adams sold 12,000 shares of the business's stock in a transaction that occurred on Friday, October 30th. The shares were sold at an average price of $16.45, for a total value of $197,400.00. Following the transaction, the director directly owned 107,919 shares in the company, valued at $1,775,267.55. This trade represents a 10.01% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 51.53% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in GLXY. Northwestern Mutual Wealth Management Co. bought a new stake in shares of Galaxy Digital during the 2nd quarter valued at about $30,000. Reyes Financial Architecture Inc. bought a new position in Galaxy Digital in the third quarter worth about $30,000. Mirae Asset Global Investments Co. Ltd. bought a new position in Galaxy Digital in the third quarter worth about $37,000. Hollencrest Capital Management raised its stake in Galaxy Digital by 204.0% in the first quarter. Hollencrest Capital Management now owns 2,584 shares of the company's stock worth $48,000 after buying an additional 1,734 shares in the last quarter. Finally, CoreCap Advisors LLC lifted its holdings in Galaxy Digital by 496.0% in the third quarter. CoreCap Advisors LLC now owns 2,211 shares of the company's stock worth $50,000 after buying an additional 1,840 shares during the period.

More Galaxy Digital News

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

• Positive Sentiment: Maxim Group maintained a Buy rating and a $36 price target while raising several earnings forecasts. Its FY2027 EPS estimate improved to a loss of $0.96 from a prior loss of $2.90, and its Q4 2027 estimate moved to a profit of $0.08 from a loss of $0.43. Maxim projects Galaxy Digital will earn $1.55 per share in FY2028, indicating expectations for a substantial recovery in profitability. Galaxy Digital analyst information
• Positive Sentiment: Galaxy Digital’s latest reported quarter provided support for the bullish outlook: EPS of $0.83 exceeded the $0.29 consensus estimate, while revenue reached $8.69 billion. Analysts overall retain a “Moderate Buy” consensus, with an average price target of $35.29. Galaxy Digital earnings and analyst ratings
• Neutral Sentiment: Institutional ownership trends were mixed but included several new positions and increased holdings from smaller investment firms. These purchases provide some support, although the disclosed investments were relatively modest.
• Negative Sentiment: Director Medina Rhonda Adams sold 12,000 shares for approximately $197,400, reducing her position by 10.01%. While one insider sale does not establish a broader trend, it can weigh on sentiment because it signals reduced insider exposure. Galaxy Digital director stock sale
• Negative Sentiment: Near-term profitability remains uncertain. Maxim forecasts losses through Q3 2027, and Galaxy Digital has reported a negative net margin and negative return on equity. Shares are also below their major moving averages and close to the 52-week low, reinforcing technical pressure.

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.

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