Galaxy Digital (NASDAQ:GLXY) Issues Quarterly Earnings Results, Beats Estimates By $0.54 EPS

Galaxy Digital (NASDAQ:GLXY) announced its earnings results on Tuesday. The company reported $0.83 EPS for the quarter, topping the consensus estimate of $0.29 by $0.54, FiscalAI reports. The business had revenue of $8.69 billion for the quarter.

Galaxy Digital Trading Up 9.6%

GLXY stock opened at $17.18 on Wednesday. The firm has a market capitalization of $6.72 billion, a PE ratio of -26.43 and a beta of 5.11. Galaxy Digital has a 1-year low of $14.19 and a 1-year high of $38.54. The business’s 50 day simple moving average is $22.10 and its 200 day simple moving average is $24.33.

Insider Activity at Galaxy Digital

In other Galaxy Digital news, insider Matthew Friedrich sold 4,993 shares of Galaxy Digital stock in a transaction on Wednesday, September 9th. The shares were sold at an average price of $27.03, for a total transaction of $134,960.79. Following the completion of the transaction, the insider directly owned 275,782 shares of the company’s stock, valued at $7,454,387.46. The trade was a 1.78% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Steven Bandrowczak acquired 5,100 shares of the firm’s stock in a transaction on Monday, August 10th. The stock was bought at an average price of $19.63 per share, for a total transaction of $100,113.00. Following the completion of the acquisition, the director owned 39,186 shares of the company’s stock, valued at approximately $769,221.18. The trade was a 14.96% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 51.53% of the stock is owned by company insiders.

Institutional Trading of Galaxy Digital

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Northwestern Mutual Wealth Management Co. acquired a new position in Galaxy Digital in the 2nd quarter valued at about $30,000. Reyes Financial Architecture Inc. acquired a new stake in Galaxy Digital during the 3rd quarter worth approximately $30,000. Hollencrest Capital Management boosted its position in shares of Galaxy Digital by 204.0% in the first quarter. Hollencrest Capital Management now owns 2,584 shares of the company’s stock valued at $48,000 after acquiring an additional 1,734 shares during the period. CoreCap Advisors LLC grew its position in shares of Galaxy Digital by 496.0% during the 3rd quarter. CoreCap Advisors LLC now owns 2,211 shares of the company’s stock worth $50,000 after purchasing an additional 1,840 shares in the last quarter. Finally, GAMMA Investing LLC raised its position in shares of Galaxy Digital by 1,160.8% in the third quarter. GAMMA Investing LLC now owns 2,345 shares of the company’s stock valued at $53,000 after buying an additional 2,159 shares in the last quarter.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on GLXY. Zacks Research upgraded Galaxy Digital from a “strong sell” rating to a “hold” rating in a report on Friday, September 18th. Weiss Ratings downgraded Galaxy Digital from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday. Chardan Capital reissued a “buy” rating and issued a $35.00 price objective on shares of Galaxy Digital in a report on Tuesday. HC Wainwright lowered their target price on shares of Galaxy Digital from $40.00 to $36.00 and set a “buy” rating on the stock in a report on Wednesday. Finally, Citigroup raised shares of Galaxy Digital from a “neutral” rating to a “buy” rating and upped their price target for the stock from $26.00 to $28.00 in a research report on Tuesday, October 13th. Eleven research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $35.29.

Galaxy Digital News Summary

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

• Positive Sentiment: Strong Q3 profitability: Galaxy reported $323 million in quarterly net income and adjusted EPS of $0.83, well above the $0.29 analyst consensus. Revenue reached approximately $8.69 billion, although earnings remain sensitive to cryptocurrency and investment-market conditions. Galaxy Announces Third Quarter 2026 Financial Results
• Positive Sentiment: Buyback supports the stock: The company announced a new share-repurchase program, signaling that management considers the shares undervalued after their steep decline and potentially providing incremental demand for GLXY. Galaxy Digital Stock Rises After Q3 Profit and New Buyback
• Positive Sentiment: AI and Helios growth: Management highlighted expanding data-center operations and revenue growth from its Helios business, strengthening the investment case that Galaxy is diversifying beyond cryptocurrency trading and market-sensitive investments. Galaxy Digital Earnings Call Highlights AI and Helios Growth
• Positive Sentiment: Analysts remain bullish: Canaccord Genuity reaffirmed its buy rating with a $50 price target, while Chardan Capital maintained a buy rating and a $35 target. These targets imply substantial potential upside from the reference price.
• Neutral Sentiment: Mixed target revisions: HC Wainwright and BTIG Research reduced their price targets to $36 and $35, respectively, but both retained buy ratings. The cuts suggest more cautious valuation assumptions even as analysts continue to view the stock favorably.
• Negative Sentiment: High volatility and weaker underlying metrics: GLXY remains well below its 52-week high, has negative trailing profitability metrics and is exposed to cryptocurrency-price swings. Its beta of 5.11 indicates especially high market volatility, which could limit the durability of the earnings-driven rebound.

About Galaxy Digital

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.