Q2 EPS Estimates for Galaxy Digital Raised by HC Wainwright

Galaxy Digital Inc. (NASDAQ:GLXY) – Investment analysts at HC Wainwright raised their Q2 2026 earnings estimates for shares of Galaxy Digital in a report released on Wednesday, April 29th. HC Wainwright analyst M. Colonnese now anticipates that the company will earn $0.09 per share for the quarter, up from their prior forecast of ($0.03). HC Wainwright has a “Buy” rating and a $40.00 price target on the stock. The consensus estimate for Galaxy Digital’s current full-year earnings is ($0.78) per share. HC Wainwright also issued estimates for Galaxy Digital’s FY2026 earnings at $0.09 EPS.

GLXY has been the subject of several other reports. Cantor Fitzgerald decreased their price objective on shares of Galaxy Digital from $48.00 to $30.00 and set an “overweight” rating for the company in a report on Thursday, April 9th. Morgan Stanley restated an “overweight” rating and issued a $37.00 price objective on shares of Galaxy Digital in a report on Wednesday. Canaccord Genuity Group restated a “buy” rating and issued a $50.00 price objective on shares of Galaxy Digital in a report on Friday, April 24th. BTIG Research restated a “buy” rating and issued a $50.00 price objective on shares of Galaxy Digital in a report on Tuesday. Finally, Chardan Capital started coverage on shares of Galaxy Digital in a report on Monday. They issued a “buy” rating and a $35.00 price objective for the company. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Galaxy Digital currently has an average rating of “Moderate Buy” and a consensus price target of $39.50.

Galaxy Digital Stock Up 7.9%

Shares of NASDAQ GLXY opened at $27.44 on Friday. The company has a current ratio of 1.60, a quick ratio of 1.60 and a debt-to-equity ratio of 0.80. Galaxy Digital has a 12 month low of $16.18 and a 12 month high of $45.92. The firm has a market capitalization of $10.68 billion and a PE ratio of -57.17. The firm has a fifty day simple moving average of $22.01 and a two-hundred day simple moving average of $26.10.

Galaxy Digital (NASDAQ:GLXY) last posted its quarterly earnings results on Tuesday, April 28th. The company reported ($0.49) EPS for the quarter, beating analysts’ consensus estimates of ($0.59) by $0.10. Galaxy Digital had a negative net margin of 0.54% and a negative return on equity of 2.27%. The company had revenue of $7.35 billion during the quarter. During the same quarter in the prior year, the company earned ($0.86) earnings per share.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of GLXY. Caitong International Asset Management Co. Ltd increased its stake in shares of Galaxy Digital by 183.4% in the 4th 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. North Star Investment Management Corp. bought a new position in shares of Galaxy Digital in the 3rd quarter worth about $34,000. Picton Mahoney Asset Management increased its stake in shares of Galaxy Digital by 200.0% in the 4th quarter. Picton Mahoney Asset Management now owns 1,500 shares of the company’s stock worth $34,000 after acquiring an additional 1,000 shares in the last quarter. ORG Partners LLC increased its stake in shares of Galaxy Digital by 1,110.0% in the 3rd quarter. ORG Partners LLC now owns 968 shares of the company’s stock worth $36,000 after acquiring an additional 888 shares in the last quarter. Finally, Danske Bank A S bought a new stake in Galaxy Digital during the 4th quarter valued at about $36,000.

Insider Activity

In other Galaxy Digital news, Director Douglas R. Deason purchased 25,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 4th. The stock was bought at an average cost of $20.80 per share, for a total transaction of $520,000.00. Following the purchase, the director directly owned 59,000 shares in the company, valued at $1,227,200. The trade was a 73.53% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 51.53% of the stock is currently owned by insiders.

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.