Galaxy Digital Inc. (NASDAQ:GLXY - Free Report) - HC Wainwright issued their Q3 2026 earnings per share estimates for Galaxy Digital in a research report issued to clients and investors on Thursday, August 6th. HC Wainwright analyst M. Colonnese anticipates that the company will post earnings of ($0.17) per share for the quarter. The consensus estimate for Galaxy Digital's current full-year earnings is ($0.74) per share. HC Wainwright also issued estimates for Galaxy Digital's Q4 2026 earnings at ($0.02) EPS, FY2026 earnings at ($0.60) EPS, Q1 2027 earnings at ($0.99) EPS, Q2 2027 earnings at ($0.17) EPS, Q3 2027 earnings at ($0.15) EPS, Q4 2027 earnings at ($0.12) EPS and FY2027 earnings at ($0.67) EPS.
A number of other research firms also recently issued reports on GLXY. Zacks Research downgraded shares of Galaxy Digital from a "hold" rating to a "strong sell" rating in a report on Monday, July 20th. BTIG Research reduced their target price on shares of Galaxy Digital from $50.00 to $45.00 and set a "buy" rating for the company in a research report on Wednesday, August 5th. Rosenblatt Securities decreased their price target on shares of Galaxy Digital from $39.00 to $35.00 and set a "buy" rating for the company in a research note on Monday, August 3rd. Weiss Ratings downgraded Galaxy Digital from a "sell (d+)" rating to a "sell (d-)" rating in a research note on Tuesday, May 26th. Finally, Piper Sandler reduced their price objective on Galaxy Digital from $36.00 to $33.00 and set an "overweight" rating for the company in a report on Friday, July 17th. Ten equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $38.83.
View Our Latest Stock Report on Galaxy Digital
Galaxy Digital Price Performance
Shares of NASDAQ:GLXY opened at $20.17 on Monday. The company's 50-day moving average is $26.41 and its 200 day moving average is $25.11. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.70 and a current ratio of 1.70. The company has a market capitalization of $7.86 billion, a P/E ratio of -31.03 and a beta of 5.06. Galaxy Digital has a fifty-two week low of $16.43 and a fifty-two week high of $45.92.
Galaxy Digital (NASDAQ:GLXY - Get Free Report) last announced its earnings results on Wednesday, August 5th. The company reported ($0.09) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.36) by $0.27. The firm had revenue of $8.71 billion during the quarter. Galaxy Digital had a negative return on equity of 6.10% and a negative net margin of 0.75%.During the same period in the prior year, the business earned $0.08 earnings per share.
Insider Buying and Selling at Galaxy Digital
In other news, Director Michael D. Daffey sold 250,000 shares of Galaxy Digital stock in a transaction dated Thursday, May 21st. The shares were sold at an average price of $28.77, for a total value of $7,192,500.00. Following the completion of the transaction, the director owned 1,505,419 shares in the company, valued at $43,310,904.63. This trade represents a 14.24% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 51.53% of the stock is owned by insiders.
Institutional Inflows and Outflows
Hedge funds have recently bought and sold shares of the business. Caitong International Asset Management Co. Ltd lifted its position in shares of Galaxy Digital by 183.4% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 1,434 shares of the company's stock worth $32,000 after acquiring an additional 928 shares in the last quarter. Picton Mahoney Asset Management raised its stake in shares of 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 purchasing an additional 1,000 shares during the period. Danske Bank A S bought a new stake in shares of Galaxy Digital during the 4th quarter valued at $36,000. Northwestern Mutual Wealth Management Co. purchased a new stake in Galaxy Digital during the 4th quarter worth about $46,000. Finally, Hollencrest Capital Management boosted its stake in Galaxy Digital by 204.0% in the 1st quarter. Hollencrest Capital Management now owns 2,584 shares of the company's stock worth $48,000 after purchasing an additional 1,734 shares during the period.
Key Galaxy Digital News
Here are the key news stories impacting Galaxy Digital this week:
- Positive Sentiment: BTIG maintained its Buy rating on Galaxy Digital, reinforcing a bullish view of the company’s long-term growth prospects. BTIG Remains a Buy on Galaxy Digital
- Positive Sentiment: Galaxy Digital was included among financial stocks receiving bullish analyst attention, supporting investor confidence in the company’s positioning across digital assets and financial services. Analysts Are Bullish on Galaxy Digital
- Positive Sentiment: The company’s latest quarterly results provided additional support: Galaxy Digital reported a loss of $0.09 per share, better than the $0.36-per-share loss analysts expected. Revenue was reported at $8.71 billion.
- Neutral Sentiment: HC Wainwright’s detailed forecasts continue to point to losses, including estimated EPS of negative $0.17 for Q3 2026, negative $0.02 for Q4 2026 and negative $0.60 for full-year 2026. The firm projects negative $0.99 EPS in Q1 2027 and negative $0.67 for full-year 2027, compared with the current full-year consensus estimate of negative $0.35. The estimates indicate that profitability remains a key risk, although they were not presented as a rating change.
Galaxy Digital Company Profile
(
Get Free Report)
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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This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.
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