Galaxy Digital FY2025 EPS Forecast Lifted by Atb Cap Markets

Key Points

• Analysts at Atb Cap Markets raised their FY2025 EPS estimate for Galaxy Digital from $0.40 to $0.42, maintaining a "Strong-Buy" rating on the stock.
• Galaxy Digital reported $0.08 EPS for the last quarter, exceeding the consensus estimate of (0.06); however, its revenue was $8.66 billion against an expected $13.11 billion.
• Insiders sold a significant total of 9.67 million shares worth approximately $175.36 million over the last three months, indicating a notable decrease in their holdings.

Galaxy Digital Inc. (NASDAQ:GLXY - Free Report) - Investment analysts at Atb Cap Markets increased their FY2025 EPS estimates for shares of Galaxy Digital in a research note issued 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 forecast of $0.40. Atb Cap Markets has a "Strong-Buy" rating on the stock. Atb Cap Markets also issued estimates for Galaxy Digital's FY2026 earnings at ($0.03) EPS.

Galaxy Digital (NASDAQ:GLXY - Get Free Report) last released its earnings results on Tuesday, August 5th. The company reported $0.08 earnings per share for the quarter, beating the consensus estimate of ($0.06) by $0.14. The business had revenue of $8.66 billion for the quarter, compared to the consensus estimate of $13.11 billion.

Other research analysts have also issued reports about the company. Wall Street Zen raised Galaxy Digital to a "sell" rating in a report on Friday, July 18th. Rosenblatt Securities decreased their target price on shares of Galaxy Digital from $36.00 to $35.00 and set a "buy" rating for the company in a research note on Wednesday. The Goldman Sachs Group initiated coverage on Galaxy Digital in a research note on Thursday, July 31st. They issued a "neutral" rating and a $30.00 price target for the company. HC Wainwright upgraded Galaxy Digital to a "strong-buy" rating in a research note on Friday, May 16th. Finally, Canaccord Genuity Group lifted their price target on shares of Galaxy Digital from $33.00 to $34.00 and gave the company a "buy" rating in a research report on Thursday. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, six have assigned a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Buy" and a consensus target price of $35.63.

Galaxy Digital Price Performance

GLXY stock opened at $27.45 on Friday. The business has a 50-day moving average of $22.76. Galaxy Digital has a fifty-two week low of $8.20 and a fifty-two week high of $33.17.

Institutional Investors Weigh In On Galaxy Digital

Large investors have recently modified their holdings of the business. CWM LLC acquired a new position in shares of Galaxy Digital during the second quarter valued at about $26,000. Centerpoint Advisors LLC bought a new stake in Galaxy Digital during the 2nd quarter worth approximately $33,000. DHJJ Financial Advisors Ltd. purchased a new stake in shares of Galaxy Digital in the second quarter worth approximately $34,000. FNY Investment Advisers LLC purchased a new position in shares of Galaxy Digital during the second quarter valued at approximately $60,000. Finally, SJS Investment Consulting Inc. bought a new position in shares of Galaxy Digital during the second quarter valued at about $77,000.

Insider Buying and Selling

In other Galaxy Digital news, COO Erin Elizabeth Brown sold 353,956 shares of the stock in a transaction on Thursday, May 29th. The stock was sold at an average price of $18.10, for a total transaction of $6,406,603.60. Following the transaction, the chief operating officer owned 198,088 shares in the company, valued at $3,585,392.80. This trade represents a 64.12% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, General Counsel Andrew N. Siegel sold 223,169 shares of Galaxy Digital stock in a transaction dated Thursday, May 29th. The stock was sold at an average price of $18.10, for a total transaction of $4,039,358.90. Following the completion of the sale, the general counsel owned 479,896 shares of the company's stock, valued at $8,686,117.60. This trade represents a 31.74% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 9,668,671 shares of company stock worth $175,359,900 in the last three months.

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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