Maxim Group Comments on Galaxy Digital Q3 Earnings

Key Points

• Maxim Group expects continued losses at Galaxy Digital, forecasting a $0.44-per-share loss for Q3 2026, a $1.18 loss for fiscal 2026 and a $2.90 loss for fiscal 2027, with breakeven not projected until fiscal 2028.
• Galaxy Digital’s latest quarter showed an adjusted loss of $0.09 per share, beating the $0.36 consensus loss, while revenue reached $8.71 billion. Despite the earnings beat, the company remains unprofitable.
• Analyst sentiment remains mixed but leans positive, with 10 Buy ratings, two Holds and two Sells, producing a “Moderate Buy” consensus and an average price target of $38.83; the stock recently traded at $19.52 versus a 52-week high of $45.92.

Galaxy Digital Inc. (NASDAQ:GLXY - Free Report) - Investment analysts at Maxim Group issued their Q3 2026 EPS estimates for Galaxy Digital in a report issued on Friday, August 7th. Maxim Group analyst M. Galinko expects that the company will earn ($0.44) per share for the quarter. The consensus estimate for Galaxy Digital's current full-year earnings is ($0.74) per share. Maxim Group also issued estimates for Galaxy Digital's Q4 2026 earnings at ($0.19) EPS, FY2026 earnings at ($1.18) EPS, Q1 2027 earnings at ($0.46) EPS, Q2 2027 earnings at ($1.21) EPS, Q3 2027 earnings at ($0.78) EPS, Q4 2027 earnings at ($0.43) EPS, FY2027 earnings at ($2.90) EPS and FY2028 earnings at $0.00 EPS.

Several other research analysts also recently commented on GLXY. Canaccord Genuity Group restated a "buy" rating and set a $50.00 price objective on shares of Galaxy Digital in a research report on Friday, April 24th. BTIG Research reduced their target price on Galaxy Digital from $50.00 to $45.00 and set a "buy" rating on the stock in a report on Wednesday, August 5th. Zacks Research lowered Galaxy Digital from a "hold" rating to a "strong sell" rating in a research note on Monday, July 20th. Cantor Fitzgerald reissued an "overweight" rating and set a $30.00 price target on shares of Galaxy Digital in a report on Friday, May 1st. Finally, Piper Sandler dropped their price objective on Galaxy Digital from $36.00 to $33.00 and set an "overweight" rating for the company in a research report on Friday, July 17th. Ten investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $38.83.

Galaxy Digital Stock Performance

NASDAQ GLXY opened at $19.52 on Tuesday. The company has a current ratio of 1.70, a quick ratio of 1.70 and a debt-to-equity ratio of 0.94. The firm has a market capitalization of $7.61 billion, a price-to-earnings ratio of -30.03 and a beta of 5.06. The firm's 50 day simple moving average is $26.19 and its 200 day simple moving average is $25.02. Galaxy Digital has a 1 year low of $16.43 and a 1 year high of $45.92.

Galaxy Digital (NASDAQ:GLXY - Get Free Report) last issued its earnings results on Wednesday, August 5th. The company reported ($0.09) EPS for the quarter, beating the consensus estimate of ($0.36) by $0.27. The company had revenue of $8.71 billion during the quarter. Galaxy Digital had a negative net margin of 0.75% and a negative return on equity of 6.10%. During the same quarter in the previous year, the firm posted $0.08 earnings per share.

Hedge Funds Weigh In On Galaxy Digital

Several large investors have recently modified their holdings of the business. Caitong International Asset Management Co. Ltd increased its holdings in Galaxy Digital by 183.4% in the fourth 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. Picton Mahoney Asset Management increased its stake in shares of Galaxy Digital by 200.0% in the fourth 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 during the period. Danske Bank A S bought a new position in shares of Galaxy Digital during the fourth quarter worth about $36,000. Northwestern Mutual Wealth Management Co. acquired a new position in shares of Galaxy Digital in the fourth quarter worth approximately $46,000. Finally, Itau Unibanco Holding S.A. acquired a new position in shares of Galaxy Digital in the fourth quarter worth approximately $49,000.

Insider Buying and Selling at Galaxy Digital

In related news, Director Michael D. Daffey sold 250,000 shares of the business's stock in a transaction on Thursday, May 21st. The stock was sold at an average price of $28.77, for a total transaction of $7,192,500.00. Following the sale, the director owned 1,505,419 shares in the company, valued at $43,310,904.63. The trade was a 14.24% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Steven John Bandrowczak bought 5,100 shares of the stock in a transaction on Monday, August 10th. The stock was purchased at an average cost of $19.63 per share, with a total value of $100,113.00. Following the acquisition, the director owned 39,186 shares in the company, valued at approximately $769,221.18. This represents a 14.96% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Company insiders own 51.53% of the company's stock.

Galaxy Digital News Summary

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

• Positive Sentiment: Director Steven John Bandrowczak purchased 5,100 shares at an average price of $19.63, investing approximately $100,113 and increasing his direct ownership by nearly 15%. Insider buying can signal management confidence that the recent selloff has created value. Galaxy Digital Director Steven John Bandrowczak Purchases 5,100 Shares
• Positive Sentiment: Galaxy Digital is reportedly entering a new $125 million partnership with Sharplink, which could support future business activity and broaden its digital-asset exposure. However, the available report provides limited details on the partnership’s financial impact. Galaxy Digital in Focus After Q2 Miss, New $125 Million Sharplink Partnership
• Neutral Sentiment: Galaxy Digital’s latest quarterly results included an adjusted loss of $0.09 per share, better than the $0.36 consensus loss, while revenue reached $8.71 billion. The company nevertheless remains unprofitable, with analysts expecting a full-year loss of $0.74 per share.
• Negative Sentiment: Maxim Group’s forecasts point to substantially weaker profitability than the current consensus: a $1.18-per-share loss for fiscal 2026 and a $2.90 loss for fiscal 2027. Maxim projects quarterly losses through 2027, with only breakeven EPS in fiscal 2028. These estimates likely reinforce concerns about the timing of a return to profitability.

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.

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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