FY2025 EPS Estimate for Galaxy Digital Increased by Analyst

Key Points

• Analysts at Atb Cap Markets raised their FY2025 earnings per share estimate for Galaxy Digital from $0.42 to $0.50.
• Galaxy Digital's stock recently experienced a price increase of 4.9%, opening at $39.65, while the stock has a one-year high of $44.33.
• CEO Michael Novogratz sold 3 million shares of Galaxy Digital for approximately $108 million in total value on October 10th.

Galaxy Digital Inc. (NASDAQ:GLXY - Free Report) - Equities research analysts at Atb Cap Markets lifted their FY2025 earnings per share estimates for Galaxy Digital in a research note issued to investors on Sunday, October 19th. Atb Cap Markets analyst M. Toner now forecasts that the company will post earnings of $0.50 per share for the year, up from their previous estimate of $0.42.

Several other research analysts also recently commented on the company. Maxim Group started coverage on Galaxy Digital in a research note on Thursday, July 31st. They issued a "buy" rating and a $40.00 price objective on the stock. Rosenblatt Securities boosted their price target on Galaxy Digital from $35.00 to $44.00 and gave the stock a "buy" rating in a report on Monday. Weiss Ratings reissued a "hold (c-)" rating on shares of Galaxy Digital in a report on Wednesday, October 8th. The Goldman Sachs Group boosted their price target on Galaxy Digital from $34.00 to $39.00 and gave the stock a "neutral" rating in a report on Tuesday, October 14th. Finally, Wall Street Zen raised Galaxy Digital from a "sell" rating to a "hold" rating in a report on Saturday, August 16th. Two analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Buy" and an average price target of $38.63.

Galaxy Digital Stock Up 4.9%

Galaxy Digital stock opened at $39.65 on Tuesday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.34 and a current ratio of 1.34. Galaxy Digital has a one year low of $8.20 and a one year high of $44.33. The firm's fifty day simple moving average is $31.13.

Galaxy Digital (NASDAQ:GLXY - Get Free Report) last released its earnings results on Tuesday, August 5th. The company reported $0.08 EPS for the quarter, topping analysts' consensus estimates of ($0.06) by $0.14. The company had revenue of $8.66 billion during the quarter, compared to analysts' expectations of $13.11 billion.

Insider Activity at Galaxy Digital

In related news, CEO Michael Novogratz sold 3,000,000 shares of the business's stock in a transaction on Friday, October 10th. The stock was sold at an average price of $36.00, for a total transaction of $108,000,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Erin Elizabeth Brown sold 350,000 shares of the business's stock in a transaction on Wednesday, August 6th. The shares were sold at an average price of $26.98, for a total value of $9,443,000.00. Following the transaction, the chief operating officer owned 198,088 shares of the company's stock, valued at approximately $5,344,414.24. The trade was a 63.86% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 4,183,333 shares of company stock worth $146,851,323 over the last quarter.

Institutional Investors Weigh In On Galaxy Digital

Several hedge funds have recently made changes to their positions in the company. CWM LLC lifted its holdings in shares of 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. Manchester Capital Management LLC purchased a new stake in shares of Galaxy Digital in the 2nd quarter worth $32,000. Centerpoint Advisors LLC purchased a new stake in shares of Galaxy Digital in the 2nd quarter worth $33,000. DHJJ Financial Advisors Ltd. purchased a new stake in shares of Galaxy Digital in the 2nd quarter worth $34,000. Finally, TD Waterhouse Canada Inc. purchased a new stake in shares of Galaxy Digital in the 2nd quarter worth $37,000.

Galaxy Digital Company Profile

Galaxy Digital Holdings Ltd. is a financial services and an investment management company, which engages in the digital asset, cryptocurrency, and block chain technology sectors. It operates through the following segments: Trading, Principal Investment, Asset Management, Investment Banking, Mining, and Corporate & Other.

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