Galaxy Digital FY2026 EPS Forecast Raised by Atb Cap Markets

Key Points

• Atb Cap Markets has raised its FY2026 EPS forecast for Galaxy Digital from a prior estimate of ($0.03) to $0.25 per share.
• Multiple analysts have upgraded their ratings and target prices for Galaxy Digital, with a consensus rating of Buy and an average target price of $42.50.
• Galaxy Digital shares have recently experienced an 8.1% increase, with the stock currently trading at $42.86.

Galaxy Digital Inc. (NASDAQ:GLXY - Free Report) - Equities researchers at Atb Cap Markets increased their FY2026 EPS estimates for Galaxy Digital in a report issued on Sunday, October 19th. Atb Cap Markets analyst M. Toner now forecasts that the company will earn $0.25 per share for the year, up from their prior estimate of ($0.03).

GLXY has been the topic of a number of other research reports. Benchmark upped their target price on Galaxy Digital from $38.00 to $40.00 and gave the company a "buy" rating in a report on Wednesday, August 6th. Weiss Ratings restated a "hold (c-)" rating on shares of Galaxy Digital in a report on Wednesday, October 8th. Piper Sandler increased their price objective on Galaxy Digital from $36.00 to $42.00 and gave the stock an "overweight" rating in a report on Wednesday, October 1st. Rosenblatt Securities increased their price objective on Galaxy Digital from $35.00 to $44.00 and gave the stock a "buy" rating in a report on Monday. Finally, Jefferies Financial Group began coverage on Galaxy Digital in a report on Wednesday, July 23rd. They issued a "buy" rating and a $35.00 price objective on the stock. Two research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the company has a consensus rating of "Buy" and an average target price of $42.50.

Galaxy Digital Trading Up 8.1%

Shares of GLXY opened at $42.86 on Wednesday. Galaxy Digital has a fifty-two week low of $8.20 and a fifty-two week high of $45.92. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.34 and a current ratio of 1.34. The firm has a 50-day simple moving average of $31.43.

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

Hedge Funds Weigh In On Galaxy Digital

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. RFG Advisory LLC acquired a new position in Galaxy Digital during the second quarter valued at approximately $898,000. CORDA Investment Management LLC. acquired a new position in Galaxy Digital during the second quarter valued at approximately $1,159,000. Sullivan Wood Capital Management LLC acquired a new position in Galaxy Digital during the second quarter valued at approximately $26,699,000. Belpointe Asset Management LLC acquired a new position in Galaxy Digital during the second quarter valued at approximately $280,000. Finally, Accurate Wealth Management LLC bought a new stake in shares of Galaxy Digital in the second quarter valued at approximately $440,000.

Insider Transactions at Galaxy Digital

In other Galaxy Digital news, Director Medina Rhonda Adams sold 33,333 shares of the stock in a transaction that occurred on Friday, September 12th. The stock was sold at an average price of $29.83, for a total transaction of $994,323.39. Following the transaction, the director owned 112,053 shares in the company, valued at $3,342,540.99. This trade represents a 22.93% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, COO Erin Elizabeth Brown sold 350,000 shares of the stock in a transaction that occurred 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 in the company, valued at approximately $5,344,414.24. This trade represents a 63.86% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 4,183,333 shares of company stock valued at $146,851,323 in the last ninety days.

About Galaxy Digital

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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