Galaxy Digital (NASDAQ:GLXY) Raised to "Sell" at Wall Street Zen

Key Points

• Wall Street Zen upgraded Galaxy Digital from a "strong sell" to a "sell" rating, moving the stock up the downgrade/upgrade scale but still below neutral.
• Sell‑side consensus remains a "Moderate Buy" (1 Strong Buy, 12 Buy, 2 Hold, 1 Sell) with an average price target of $39.50, reflecting mixed analyst views with targets ranging roughly $28–$40.
• Fundamentals and market signals are mixed: Q1 EPS of -$0.49 beat estimates and revenue was $7.35B, yet the company has negative ROE/net margin and a negative P/E; shares trade around $28 with insider buying (Director bought 25,000 shares) and unusually high put activity signaling increased bearish hedging.

Galaxy Digital (NASDAQ:GLXY - Get Free Report) was upgraded by Wall Street Zen from a "strong sell" rating to a "sell" rating in a research report issued on Saturday.

A number of other research analysts also recently weighed in on the company. Citigroup increased their target price on Galaxy Digital from $25.00 to $28.00 and gave the company a "neutral" rating in a report on Wednesday, March 18th. Morgan Stanley reaffirmed an "overweight" rating and issued a $37.00 price objective on shares of Galaxy Digital in a research note on Wednesday. HC Wainwright decreased their price objective on Galaxy Digital from $45.00 to $40.00 and set a "buy" rating on the stock in a research note on Wednesday, February 4th. Piper Sandler decreased their price objective on Galaxy Digital from $42.00 to $36.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 21st. Finally, Weiss Ratings downgraded Galaxy Digital from a "hold (c)" rating to a "sell (d+)" rating in a research note on Thursday, March 5th. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $39.50.

Galaxy Digital Stock Up 2.4%

GLXY stock opened at $28.11 on Friday. Galaxy Digital has a fifty-two week low of $16.43 and a fifty-two week high of $45.92. The business's 50-day moving average is $22.01 and its two-hundred day moving average is $26.10. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.60 and a current ratio of 1.60. The company has a market cap of $10.94 billion and a price-to-earnings ratio of -58.56.

Galaxy Digital (NASDAQ:GLXY - Get Free Report) last posted its earnings results on Tuesday, April 28th. The company reported ($0.49) earnings per share for the quarter, beating analysts' consensus estimates of ($0.59) by $0.10. Galaxy Digital had a negative return on equity of 2.27% and a negative net margin of 0.54%.The company had revenue of $7.35 billion for the quarter. During the same period in the prior year, the company posted ($0.86) EPS. As a group, analysts forecast that Galaxy Digital will post -0.76 earnings per share for the current year.

Insider Transactions at Galaxy Digital

In other Galaxy Digital news, Director Douglas R. Deason bought 25,000 shares of the firm's stock in a transaction that occurred on Wednesday, February 4th. The shares were bought at an average price of $20.80 per share, with a total value of $520,000.00. Following the purchase, the director owned 59,000 shares of the company's stock, valued at $1,227,200. This trade represents a 73.53% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 51.53% of the company's stock.

Institutional Trading of Galaxy Digital

Several institutional investors and hedge funds have recently added to or reduced their stakes in GLXY. Caitong International Asset Management Co. Ltd raised its stake in Galaxy Digital by 183.4% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 1,434 shares of the company's stock valued at $32,000 after purchasing an additional 928 shares during the period. North Star Investment Management Corp. purchased a new position in Galaxy Digital during the 3rd quarter valued at approximately $34,000. Picton Mahoney Asset Management grew its holdings in Galaxy Digital by 200.0% during the 4th quarter. Picton Mahoney Asset Management now owns 1,500 shares of the company's stock valued at $34,000 after buying an additional 1,000 shares in the last quarter. ORG Partners LLC grew its holdings in Galaxy Digital by 1,110.0% during the 3rd quarter. ORG Partners LLC now owns 968 shares of the company's stock valued at $36,000 after buying an additional 888 shares in the last quarter. Finally, Danske Bank A S purchased a new position in Galaxy Digital during the 4th quarter valued at approximately $36,000.

Key Galaxy Digital News

Here are the key news stories impacting Galaxy Digital this week:

• Positive Sentiment: HC Wainwright raised near‑term and FY2026 earnings estimates (Q2, Q3, Q4 and full year) and reiterates a "Buy" rating with a $40 price target — this materially improves forward earnings outlook versus consensus and supports upside expectations. HC Wainwright research
• Positive Sentiment: Cantor Fitzgerald reaffirmed an "Overweight" rating and set a $30 price target (about a mid‑single digit upside from current levels), which may attract buyers looking for near-term upside. Benzinga
• Positive Sentiment: Other broker notes — Citizens JMP gave a "Market Outperform" and BTIG reiterated a "Buy" — add to the consensus bullish tone from sell‑side analysts, increasing institutional interest. Citizens JMP article BTIG article
• Neutral Sentiment: Rosenblatt suggests investors "look beyond Q1" — commentary that may encourage a focus on forward fundamentals rather than one quarter, but its market impact is ambiguous. Rosenblatt piece
• Neutral Sentiment: Analyst/blog coverage such as the Cantech Letter "Buy, Sell or Hold?" piece may raise investor awareness but does not present a clear directional catalyst. Cantech Letter
• Negative Sentiment: Unusual options activity: traders bought ~27,422 put contracts (≈15% above average), indicating elevated bearish bets or hedging that could amplify downside if sentiment turns. (No external link provided.)

About Galaxy Digital

Galaxy Digital Holdings Ltd. NASDAQ: GLXY is a diversified financial services and investment management firm dedicated to the digital assets and blockchain technology sectors. Established in 2018 by Mike Novogratz, the company operates across trading, asset management, principal investing and advisory services. Galaxy Digital caters to institutional clients, high-net-worth investors and corporations seeking exposure to cryptocurrencies, decentralized finance (DeFi) protocols and other blockchain-based assets.

In its trading division, Galaxy Digital provides market-making, execution and over-the-counter (OTC) solutions for a wide range of digital tokens.

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