HC Wainwright Comments on Galaxy Digital Q3 Earnings

Galaxy Digital Inc. (NASDAQ:GLXY) – Analysts at HC Wainwright issued their Q3 2026 EPS estimates for shares of Galaxy Digital in a research report issued on Thursday, August 6th. HC Wainwright analyst M. Colonnese expects 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 ($0.82) 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.

Galaxy Digital (NASDAQ:GLXY) last released its quarterly 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 firm 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 last year, the company earned $0.08 EPS.

A number of other equities research analysts have also recently commented on the stock. Canaccord Genuity Group reaffirmed a “buy” rating and issued a $50.00 target price on shares of Galaxy Digital in a report on Friday, April 24th. Rosenblatt Securities lowered their price target on Galaxy Digital from $39.00 to $35.00 and set a “buy” rating on the stock in a report on Monday, August 3rd. Citizens Jmp restated a “market outperform” rating and issued a $55.00 price target on shares of Galaxy Digital in a research report on Wednesday, April 29th. Chardan Capital reaffirmed a “buy” rating and set a $35.00 price objective on shares of Galaxy Digital in a research note on Wednesday, August 5th. Finally, Weiss Ratings cut Galaxy Digital from a “sell (d+)” rating to a “sell (d-)” rating in a research report on Tuesday, May 26th. Ten analysts have rated the stock with a Buy rating, two have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $38.83.

Galaxy Digital Trading Up 3.1%

Shares of Galaxy Digital stock opened at $20.13 on Monday. 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 $7.85 billion, a P/E ratio of -30.97 and a beta of 5.06. Galaxy Digital has a 1 year low of $16.43 and a 1 year high of $45.92. The company’s fifty day moving average is $26.01 and its two-hundred day moving average is $24.93.

Insiders Place Their Bets

In other news, Director Steven John Bandrowczak acquired 5,100 shares of the business’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 transaction, the director owned 39,186 shares in the company, valued at $769,221.18. This represents a 14.96% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Michael D. Daffey sold 250,000 shares of the firm’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 completion of the sale, the director owned 1,505,419 shares of the company’s stock, valued at $43,310,904.63. This trade represents a 14.24% decrease in their position. The disclosure for this sale is available in the SEC filing. 51.53% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Galaxy Digital

Institutional investors have recently added to or reduced their stakes in the business. Capital Research Global Investors acquired a new stake in shares of Galaxy Digital in the 4th quarter valued at approximately $406,102,000. Vanguard Group Inc. grew its holdings in Galaxy Digital by 27.5% during the fourth quarter. Vanguard Group Inc. now owns 20,669,893 shares of the company’s stock worth $462,310,000 after acquiring an additional 4,463,782 shares during the period. Invesco Ltd. acquired a new position in Galaxy Digital during the second quarter worth $53,233,000. Tidal Investments LLC purchased a new position in Galaxy Digital in the second quarter worth $48,452,000. Finally, Norges Bank purchased a new position in Galaxy Digital in the fourth quarter worth $32,045,000.

Trending Headlines about Galaxy Digital

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

• Positive Sentiment: AI infrastructure rally: Galaxy Digital participated in a broader rebound among “neocloud” and crypto-mining stocks after NVIDIA’s reported $500 billion AI investment pledge. Investors may view Galaxy’s data-center and digital-asset infrastructure exposure as a potential beneficiary of rising AI demand. Neocloud Stocks Rally After NVIDIA’s Pledge
• Positive Sentiment: Insider buying: Director Steven John Bandrowczak purchased 5,100 shares for approximately $100,000, increasing his direct ownership by nearly 15%. The purchase can be interpreted as a vote of confidence in Galaxy’s valuation and long-term prospects. Galaxy Digital Director Purchases 5,100 Shares
• Neutral Sentiment: Bitcoin hack commentary: Alex Thorn, Galaxy’s head of firmwide research, said Bitcoin will “survive” a breach involving Coinkite Coldcard wallets that reportedly drained about $130 million. His comments may help reinforce confidence in Bitcoin’s resilience, although the incident highlights ongoing security risks for digital-asset investors. Bitcoin Will Survive Cold Wallet Hack, Says Galaxy Digital’s Thorn
• Negative Sentiment: Weak earnings outlook: Maxim Group’s forecasts call for a $1.18-per-share loss in fiscal 2026 and a $2.90-per-share loss in fiscal 2027, with additional quarterly losses projected. Those estimates reinforce concerns that Galaxy’s profitability recovery may take time.

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.