Galaxy Digital Inc. (NASDAQ:GLXY - Get Free Report)'s stock price gapped up before the market opened on Tuesday . The stock had previously closed at $24.22, but opened at $25.61. Galaxy Digital shares last traded at $25.03, with a volume of 2,538,736 shares trading hands.
Analyst Upgrades and Downgrades
A number of equities research analysts have recently commented on the company. HC Wainwright upgraded Galaxy Digital to a "strong-buy" rating in a research report on Friday, May 16th. BTIG Research restated a "buy" rating and set a $35.00 target price on shares of Galaxy Digital in a research report on Tuesday, August 5th. Wall Street Zen raised shares of Galaxy Digital from a "sell" rating to a "hold" rating in a report on Saturday, August 16th. Maxim Group initiated coverage on shares of Galaxy Digital in a report on Thursday, July 31st. They issued a "buy" rating and a $40.00 price target for the company. Finally, Rosenblatt Securities cut their price target on shares of Galaxy Digital from $36.00 to $35.00 and set a "buy" rating for the company in a report on Wednesday, August 6th. Two research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has given a Hold rating to the company. According to MarketBeat, Galaxy Digital has an average rating of "Buy" and a consensus price target of $35.63.
View Our Latest Stock Analysis on GLXY
Galaxy Digital Price Performance
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's fifty day moving average price is $25.81.
Galaxy Digital (NASDAQ:GLXY - Get Free Report) last announced its quarterly earnings data on Tuesday, August 5th. The company reported $0.08 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.06) by $0.14. The firm had revenue of $8.66 billion during the quarter, compared to analysts' expectations of $13.11 billion.
Insider Transactions at Galaxy Digital
In other Galaxy Digital news, Director Richard Tavoso sold 50,000 shares of the stock in a transaction dated Friday, August 8th. The shares were sold at an average price of $28.28, for a total transaction of $1,414,000.00. Following the completion of the transaction, the director owned 400,000 shares of the company's stock, valued at $11,312,000. This trade represents a 11.11% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, COO Erin Elizabeth Brown sold 350,000 shares of the stock in a transaction dated Wednesday, August 6th. The stock was sold at an average price of $26.98, for a total transaction of $9,443,000.00. Following the transaction, the chief operating officer directly owned 198,088 shares of the company's stock, 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.
Institutional Trading of Galaxy Digital
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Concurrent Investment Advisors LLC purchased a new stake in Galaxy Digital in the second quarter valued at approximately $299,000. IFP Advisors Inc purchased a new stake in Galaxy Digital in the second quarter valued at approximately $84,000. RFG Advisory LLC purchased a new stake in Galaxy Digital in the second quarter valued at approximately $898,000. Vontobel Holding Ltd. purchased a new stake in Galaxy Digital in the second quarter valued at approximately $766,000. Finally, Sage Advisors LLC purchased a new stake in Galaxy Digital in the second quarter valued at approximately $256,000.
About Galaxy Digital
(
Get Free Report)
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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