HC Wainwright Estimates Galaxy Digital FY2026 Earnings

Key Points

• HC Wainwright projects Galaxy Digital will earn $0.32 per share in FY2026 and $0.01 in Q4 2026, while forecasting a $0.13-per-share loss for FY2027. The firm maintained its Buy rating but lowered its price target to $36.
• Galaxy Digital reported quarterly EPS of $0.83, exceeding the $0.29 analyst consensus by $0.54, on revenue of $8.69 billion. Despite the earnings beat, the company continued to report a negative net margin and analysts expect a loss for the current fiscal year.
• Analyst sentiment remains broadly positive, with 11 Buy ratings and a consensus “Moderate Buy” rating, alongside an average price target of $35.29. However, several brokerages recently reduced their targets, and the stock was trading below its 50-day and 200-day moving averages.

Galaxy Digital Inc. (NASDAQ:GLXY - Free Report) - Investment analysts at HC Wainwright issued their FY2026 earnings per share (EPS) estimates for shares of Galaxy Digital in a research note issued on Wednesday, October 28th. HC Wainwright analyst M. Colonnese forecasts that the company will earn $0.32 per share for the year. HC Wainwright 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 ($0.58) per share. HC Wainwright also issued estimates for Galaxy Digital's Q4 2026 earnings at $0.01 EPS, Q1 2027 earnings at $0.04 EPS, Q2 2027 earnings at ($0.05) EPS, Q3 2027 earnings at ($0.08) EPS, Q4 2027 earnings at ($0.04) EPS and FY2027 earnings at ($0.13) EPS.

Galaxy Digital (NASDAQ:GLXY - Get Free Report) last released its earnings results on Tuesday, October 27th. The company reported $0.83 EPS for the quarter, topping analysts' consensus estimates of $0.29 by $0.54. The company had revenue of $8.69 billion for the quarter. Galaxy Digital had a negative return on equity of 10.30% and a negative net margin of 0.89%.

Several other brokerages have also commented on GLXY. BTIG Research lowered their price objective on shares of Galaxy Digital from $45.00 to $35.00 and set a "buy" rating on the stock in a research report on Tuesday. Canaccord Genuity Group reissued a "buy" rating and set a $50.00 target price on shares of Galaxy Digital in a research report on Wednesday. Rosenblatt Securities decreased their price target on shares of Galaxy Digital from $35.00 to $30.00 and set a "buy" rating for the company in a research note on Monday. Morgan Stanley decreased their price target 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. Finally, Citigroup raised shares of Galaxy Digital from a "neutral" rating to a "buy" rating and lifted their price target for the stock from $26.00 to $28.00 in a report on Tuesday, October 13th. Eleven investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Galaxy Digital currently has a consensus rating of "Moderate Buy" and a consensus price target of $35.29.

Galaxy Digital Stock Performance

GLXY opened at $18.13 on Friday. The firm has a 50-day moving average of $21.99 and a 200 day moving average of $24.26. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.50 and a current ratio of 1.50. Galaxy Digital has a fifty-two week low of $14.19 and a fifty-two week high of $36.88.

Insider Buying and Selling

In other Galaxy Digital news, insider Matthew W. Friedrich sold 4,993 shares of the stock in a transaction dated Wednesday, September 9th. The shares were sold at an average price of $27.03, for a total transaction of $134,960.79. Following the completion of the transaction, the insider owned 275,782 shares in the company, valued at $7,454,387.46. This trade represents a 1.78% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Steven Bandrowczak bought 5,100 shares of Galaxy Digital stock in a transaction dated Monday, August 10th. The stock was acquired at an average price of $19.63 per share, with a total value of $100,113.00. Following the purchase, 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. Additional details regarding this purchase are available in the official SEC disclosure. 51.53% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of GLXY. State Street Corp boosted its position in shares of Galaxy Digital by 99.7% in the second 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 during the period. Moore Capital Management LP increased its holdings in Galaxy Digital by 52.9% during the 2nd quarter. Moore Capital Management LP now owns 2,082,250 shares of the company's stock worth $56,929,000 after acquiring an additional 720,000 shares during the period. Sullivan Wood Capital Management LLC increased its holdings in Galaxy Digital by 4.0% during the 3rd quarter. Sullivan Wood Capital Management LLC now owns 1,460,546 shares of the company's stock worth $33,213,000 after acquiring an additional 55,804 shares during the period. Bank of America Corp DE increased its holdings in Galaxy Digital by 112.4% during the 2nd quarter. Bank of America Corp DE now owns 1,145,172 shares of the company's stock worth $31,309,000 after acquiring an additional 605,986 shares during the period. Finally, Anson Funds Management LP purchased a new stake in Galaxy Digital in the 1st quarter worth approximately $11,070,000.

Key Headlines Impacting Galaxy Digital

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

• Positive Sentiment: Galaxy Digital reported strong third-quarter results, including approximately $323 million in profit, and announced a new share buyback. The results helped revive expectations that the company can return to sustained profitability. Galaxy Digital Stock Rises After Q3 Profit and Buyback
• Positive Sentiment: Galaxy applied for an OCC-regulated national trust bank charter. If approved, Galaxy National Bank could bring its custody, trading, staking and fiduciary services under federal supervision, potentially improving institutional credibility and supporting digital-asset adoption. Galaxy Applies for National Trust Bank Charter
• Positive Sentiment: Canaccord Genuity reaffirmed its Buy rating and set a $50 price target, while HC Wainwright retained a Buy rating. HC Wainwright also substantially improved its earnings forecasts, projecting $0.32 EPS for fiscal 2026 and reducing its fiscal 2027 loss estimate to $0.13 per share from $0.67. Galaxy Digital Earns Buy Rating from Canaccord
• Neutral Sentiment: Galaxy’s quarterly earnings substantially exceeded consensus expectations, but its results remain sensitive to cryptocurrency prices and trading conditions. The company continues to have a negative net margin and analysts still expect a loss for the current fiscal year.
• Negative Sentiment: HC Wainwright lowered its price target from $40 to $36, and BTIG also reduced its expectations. These target cuts may be weighing on sentiment even though the firms remain broadly constructive. HC Wainwright Lowers Galaxy Digital Price Target
• Negative Sentiment: Put-option trading rose well above normal levels, indicating increased hedging or bearish speculation. Shares also remain below their 50-day and 200-day moving averages, suggesting ongoing technical weakness after the earnings rally.

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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