Galaxy Digital Inc. (NASDAQ:GLXY - Free Report) - Stock analysts at Atb Cap Markets raised their FY2025 earnings per share estimates for Galaxy Digital in a research report issued to clients and investors on Tuesday, August 5th. Atb Cap Markets analyst M. Toner now anticipates that the company will post earnings per share of $0.42 for the year, up from their previous estimate of $0.40. Atb Cap Markets currently has a "Strong-Buy" rating on the stock. Atb Cap Markets also issued estimates for Galaxy Digital's FY2026 earnings at ($0.03) EPS.
Several other research firms have also recently issued reports on GLXY. Piper Sandler increased their target price on Galaxy Digital from $34.00 to $36.00 and gave the stock an "overweight" rating in a research report on Monday, July 21st. Benchmark raised their price target on Galaxy Digital from $38.00 to $40.00 and gave the company a "buy" rating in a report on Wednesday, August 6th. Jefferies Financial Group assumed coverage on Galaxy Digital in a report on Wednesday, July 23rd. They set a "buy" rating and a $35.00 price target for the company. Canaccord Genuity Group raised their price target on Galaxy Digital from $33.00 to $34.00 and gave the company a "buy" rating in a report on Thursday, August 7th. Finally, BTIG Research restated a "buy" rating and set a $35.00 price target on shares of Galaxy Digital in a report on Tuesday, August 5th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, six have given a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Buy" and a consensus target price of $35.63.
View Our Latest Stock Report on GLXY
Galaxy Digital Stock Performance
Shares of NASDAQ:GLXY traded down $0.73 during trading on Friday, hitting $27.75. 5,779,347 shares of the company's stock were exchanged, compared to its average volume of 3,229,350. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.28. Galaxy Digital has a 52-week low of $8.20 and a 52-week high of $33.17. The firm has a 50-day moving average of $23.15.
Galaxy Digital (NASDAQ:GLXY - Get Free Report) last released its earnings results on Tuesday, August 5th. The company reported $0.08 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.06) by $0.14. The business had revenue of $8.66 billion for the quarter, compared to analysts' expectations of $13.11 billion.
Insiders Place Their Bets
In other news, insider Christopher C. Ferraro sold 1,250,000 shares of the firm's stock in a transaction that occurred on Thursday, May 29th. The stock was sold at an average price of $18.10, for a total value of $22,625,000.00. Following the completion of the sale, the insider directly owned 1,437,921 shares of the company's stock, valued at $26,026,370.10. This trade represents a 46.50% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Richard Tavoso sold 50,000 shares of the firm's stock in a transaction that occurred on Friday, August 8th. The shares were sold at an average price of $28.28, for a total value of $1,414,000.00. Following the completion of the sale, the director directly owned 400,000 shares of the company's stock, valued at $11,312,000. The trade was a 11.11% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 10,068,671 shares of company stock worth $186,216,900.
Institutional Investors Weigh In On Galaxy Digital
A number of institutional investors and hedge funds have recently modified their holdings of GLXY. CWM LLC bought a new stake in shares of Galaxy Digital during the 2nd quarter worth approximately $26,000. Centerpoint Advisors LLC bought a new stake in shares of Galaxy Digital during the 2nd quarter worth approximately $33,000. DHJJ Financial Advisors Ltd. bought a new stake in shares of Galaxy Digital during the 2nd quarter worth approximately $34,000. TD Waterhouse Canada Inc. bought a new stake in shares of Galaxy Digital during the 2nd quarter worth approximately $37,000. Finally, PNC Financial Services Group Inc. bought a new stake in shares of Galaxy Digital during the 2nd quarter worth approximately $53,000.
About Galaxy Digital
(
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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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