Galaxy Digital (NASDAQ:GLXY) Stock Price Up 9.2% – What’s Next?

Shares of Galaxy Digital Inc. (NASDAQ:GLXY) shot up 9.2% on Tuesday. The stock traded as high as $15.99 and last traded at $15.9250. Approximately 707,970 shares traded hands during trading, a decline of 89% from the average daily volume of 6,401,115 shares. The stock had previously closed at $14.59.

Key Headlines Impacting Galaxy Digital

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

• Positive Sentiment: Maxim raises several earnings forecasts and maintains a Buy rating. The firm lifted its Q4 2026 EPS forecast to $(0.41) from $(0.97), Q2 2027 EPS to $(0.25) from $(1.21), Q3 2027 EPS to $(0.08) from $(0.78), and Q4 2027 EPS to $0.08 from $(0.43). Maxim also projects FY2028 EPS of $1.55 and keeps a $36 price target, suggesting substantial potential upside if Galaxy’s profitability improves as expected.
• Positive Sentiment: The latest quarterly results exceeded expectations. Galaxy Digital reported $0.83 in EPS versus the $0.29 consensus estimate, with $8.69 billion in revenue. The beat supports the bullish case that trading and digital-asset activity can produce significant earnings when cryptocurrency markets are favorable.
• Neutral Sentiment: Maxim’s outlook remains volatile and dependent on cryptocurrency conditions. The analyst still expects losses in Q4 2026, Q1–Q3 2027 and FY2027, although the projected loss narrows to $(0.96) from $(2.90). Maxim forecasts a return to quarterly profitability beginning in Q4 2027 and stronger earnings in 2028.
• Negative Sentiment: Near-term Q1 2027 expectations were reduced. Maxim lowered its Q1 2027 EPS forecast to $(0.79) from $(0.46), highlighting continued earnings pressure before the projected recovery.
• Negative Sentiment: A director sold 12,000 shares. Medina Rhonda Adams sold approximately $197,400 of GLXY stock at an average price of $16.45, reducing her direct stake by about 10%. While one insider transaction is not conclusive, it can weigh on sentiment. Galaxy Digital Director Insider Sale
• Negative Sentiment: Recent commentary raises concerns about the distribution of returns. An analysis argues that Galaxy’s lending-related revenue is benefiting the company less than its lenders, potentially limiting shareholder returns. Galaxy Digital Lending Analysis

Wall Street Analysts Forecast Growth

GLXY has been the subject of several research analyst reports. Piper Sandler lowered their price target on shares of Galaxy Digital from $33.00 to $25.00 and set an “overweight” rating for the company in a report on Tuesday, October 20th. Citigroup upgraded shares of Galaxy Digital from a “neutral” rating to a “buy” rating and raised their price target for the stock from $26.00 to $28.00 in a report on Tuesday, October 13th. Maxim Group decreased their price target on Galaxy Digital from $46.00 to $36.00 and set a “buy” rating for the company in a report on Thursday, October 22nd. HC Wainwright decreased their price objective on shares of Galaxy Digital from $40.00 to $36.00 and set a “buy” rating for the company in a report on Wednesday, October 28th. Finally, Zacks Research raised shares of Galaxy Digital from a “strong sell” rating to a “hold” rating in a research report on Friday, September 18th. Eleven research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $35.29.

Galaxy Digital Stock Performance

The business has a fifty day moving average of $21.66 and a 200 day moving average of $24.15. The company has a market cap of $6.40 billion, a P/E ratio of -16.28 and a beta of 5.39. The company has a quick ratio of 1.50, a current ratio of 1.50 and a debt-to-equity ratio of 1.04.

Galaxy Digital (NASDAQ:GLXY) last issued its quarterly earnings results on Tuesday, October 27th. The company reported $0.83 earnings per share for the quarter, topping the consensus estimate of $0.29 by $0.54. The company had revenue of $8.69 billion for the quarter. Galaxy Digital had a negative return on equity of 10.30% and a negative net margin of 0.89%. On average, equities analysts predict that Galaxy Digital Inc. will post -0.24 EPS for the current year.

Insider Activity

In related news, Director Douglas Deason acquired 12,000 shares of the business’s stock in a transaction on Wednesday, August 12th. The stock was acquired at an average cost of $21.54 per share, with a total value of $258,480.00. Following the acquisition, the director directly owned 71,000 shares in the company, valued at $1,529,340. This represents a 20.34% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Matthew Friedrich sold 4,993 shares of the stock in a transaction that occurred on Wednesday, September 9th. The shares were sold at an average price of $27.03, for a total value of $134,960.79. Following the transaction, the insider directly owned 275,782 shares of the company’s stock, valued at approximately $7,454,387.46. The trade was a 1.78% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 51.53% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Galaxy Digital

A number of large investors have recently added to or reduced their stakes in the company. Public Employees Retirement System of Ohio purchased a new position in Galaxy Digital in the second quarter valued at $1,456,000. State Street Corp grew its position in shares of Galaxy Digital by 99.7% during the 2nd quarter. State Street Corp now owns 3,833,993 shares of the company’s stock valued at $104,821,000 after acquiring an additional 1,913,688 shares during the period. Riposte Capital LLC acquired a new stake in shares of Galaxy Digital during the 1st quarter valued at about $2,952,000. Bank of America Corp DE increased its stake in shares of Galaxy Digital by 112.4% in the 2nd quarter. Bank of America Corp DE now owns 1,145,172 shares of the company’s stock valued at $31,309,000 after purchasing an additional 605,986 shares in the last quarter. Finally, Engineers Gate Manager LP purchased a new position in shares of Galaxy Digital in the 2nd quarter valued at about $1,227,000.

Galaxy Digital Company Profile

Galaxy Digital is a financial services and investment management company focused on digital assets and blockchain technology. Founded in 2018 by Michael Novogratz, the company provides institutional investors, corporations and other market participants with services spanning trading, asset management, investment banking, principal investments and venture capital.

Its offerings include spot and derivatives trading, lending and structured products, digital-asset funds and separately managed accounts, as well as advisory services for mergers, acquisitions, capital raising and other strategic transactions.