Shares of Galaxy Digital Inc. (NASDAQ:GLXY - Get Free Report) have been assigned an average recommendation of "Buy" from the five analysts that are currently covering the stock, MarketBeat.com reports. Three analysts have rated the stock with a buy recommendation and two have given a strong buy recommendation to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $31.33.
Several research analysts recently weighed in on GLXY shares. Canaccord Genuity Group reaffirmed a "buy" rating and issued a $33.00 target price on shares of Galaxy Digital in a report on Thursday, July 3rd. Rosenblatt Securities began coverage on shares of Galaxy Digital in a research note on Tuesday, June 24th. They issued a "buy" rating and a $25.00 price objective on the stock. Wall Street Zen raised shares of Galaxy Digital to a "sell" rating in a research report on Friday. Atb Cap Markets raised shares of Galaxy Digital to a "strong-buy" rating in a research note on Tuesday, May 20th. Finally, Piper Sandler boosted their price target on shares of Galaxy Digital from $34.00 to $36.00 and gave the company an "overweight" rating in a report on Monday.
Read Our Latest Report on Galaxy Digital
Galaxy Digital Stock Up 0.4%
Shares of NASDAQ GLXY traded up $0.10 during mid-day trading on Monday, hitting $27.55. 2,295,856 shares of the stock traded hands, compared to its average volume of 2,397,431. The firm's 50 day simple moving average is $20.85. Galaxy Digital has a twelve month low of $6.89 and a twelve month high of $31.75.
Insider Transactions at Galaxy Digital
In other news, insider Christopher C. Ferraro sold 1,250,000 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 $22,625,000.00. Following the transaction, the insider directly owned 1,437,921 shares of the company's stock, valued at $26,026,370.10. The trade was a 46.50% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Erin Elizabeth Brown sold 353,956 shares of the business's stock in a transaction on Thursday, May 29th. The shares were sold at an average price of $18.10, for a total value of $6,406,603.60. Following the transaction, the chief operating officer owned 198,088 shares of the company's stock, valued at approximately $3,585,392.80. The trade was a 64.12% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 9,668,671 shares of company stock worth $175,359,900.
Hedge Funds Weigh In On Galaxy Digital
Several institutional investors and hedge funds have recently added to or reduced their stakes in GLXY. DHJJ Financial Advisors Ltd. purchased a new position in shares of Galaxy Digital in the 2nd quarter worth $34,000. Sullivan Wood Capital Management LLC bought a new stake in Galaxy Digital in the second quarter valued at about $26,699,000. Strategic Investment Solutions Inc. IL acquired a new position in Galaxy Digital in the second quarter valued at about $79,000. Accurate Wealth Management LLC acquired a new position in Galaxy Digital in the second quarter valued at approximately $440,000. Finally, SJS Investment Consulting Inc. acquired a new stake in Galaxy Digital in the second quarter worth $77,000.
Galaxy Digital Company Profile
(
Get Free ReportGalaxy 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.
Featured Stories

Before you consider Galaxy Digital, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Galaxy Digital wasn't on the list.
While Galaxy Digital currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Unlock the timeless value of gold with our exclusive 2025 Gold Forecasting Report. Explore why gold remains the ultimate investment for safeguarding wealth against inflation, economic shifts, and global uncertainties. Whether you're planning for future generations or seeking a reliable asset in turbulent times, this report is your essential guide to making informed decisions.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.