Galaxy Digital’s (GLXY) Buy Rating Reiterated at BTIG Research

BTIG Research reissued their buy rating on shares of Galaxy Digital (NASDAQ:GLXY) in a research report released on Tuesday,Benzinga reports. The brokerage currently has a $50.00 price target on the stock.

GLXY has been the subject of a number of other research reports. The Goldman Sachs Group reissued a “neutral” rating and set a $27.00 target price on shares of Galaxy Digital in a research report on Tuesday, January 20th. Citizens Jmp started coverage on Galaxy Digital in a research report on Tuesday, December 9th. They issued a “market outperform” rating and a $60.00 price objective for the company. Cantor Fitzgerald reduced their target price on Galaxy Digital from $53.00 to $48.00 and set an “overweight” rating on the stock in a research report on Monday. Canaccord Genuity Group reissued a “buy” rating and issued a $50.00 price target on shares of Galaxy Digital in a report on Friday, January 30th. Finally, Citigroup assumed coverage on shares of Galaxy Digital in a report on Tuesday, December 9th. They set an “outperform” rating on the stock. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, Galaxy Digital has a consensus rating of “Moderate Buy” and an average target price of $45.23.

Galaxy Digital Trading Down 16.5%

GLXY opened at $16.84 on Tuesday. The company has a market capitalization of $6.58 billion and a P/E ratio of 14.03. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 0.36. Galaxy Digital has a 52 week low of $8.20 and a 52 week high of $45.92. The stock’s fifty day moving average is $26.61 and its two-hundred day moving average is $29.32.

Galaxy Digital (NASDAQ:GLXY) last issued its quarterly earnings data on Tuesday, February 3rd. The company reported ($1.08) EPS for the quarter, topping analysts’ consensus estimates of ($1.24) by $0.16. The business had revenue of $10.37 billion during the quarter, compared to the consensus estimate of $13.08 billion.

Insider Buying and Selling at Galaxy Digital

In other Galaxy Digital news, Director Douglas R. Deason acquired 25,000 shares of the business’s stock in a transaction dated Wednesday, February 4th. The shares were purchased at an average price of $20.80 per share, for a total transaction of $520,000.00. Following the completion of the purchase, the director directly owned 59,000 shares of the company’s stock, valued at $1,227,200. The trade was a 73.53% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Institutional Investors Weigh In On Galaxy Digital

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Belpointe Asset Management LLC acquired a new stake in Galaxy Digital during the second quarter valued at $280,000. Vontobel Holding Ltd. purchased a new stake in shares of Galaxy Digital during the 2nd quarter worth about $766,000. IFP Advisors Inc acquired a new stake in shares of Galaxy Digital during the 2nd quarter valued at about $84,000. Concurrent Investment Advisors LLC acquired a new stake in shares of Galaxy Digital during the 2nd quarter valued at about $299,000. Finally, CWM LLC purchased a new position in shares of Galaxy Digital in the 2nd quarter valued at about $26,000.

Key Headlines Impacting Galaxy Digital

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

• Positive Sentiment: Director Douglas R. Deason purchased 25,000 shares (~$520k at ~$20.80), increasing his stake ~73.5% — an insider buy that signals confidence from management-level ownership. SEC Form 4
• Positive Sentiment: BTIG reiterated a “Buy” rating on GLXY, supporting demand from some institutional investors. BTIG Reiterates Buy
• Positive Sentiment: Citizens Jmp reaffirmed a “market outperform” rating with a $60 price target, highlighting that some brokers still see sizable upside vs. current levels. Citizens Jmp $60 PT
• Neutral Sentiment: Morgan Stanley cut its price target to $36 from $43 but maintained an “overweight” rating — a mixed signal (downgraded target, but positive view). Morgan Stanley PT Cut
• Neutral Sentiment: HC Wainwright trimmed its price target to $40 (from $45) but kept a “buy” rating, leaving upside in models but reducing near-term valuations. HC Wainwright PT Lowered
• Negative Sentiment: Galaxy reported a $482M net loss in Q4 2025 and missed revenue expectations (reported $10.37B vs. $13.08B consensus). The sizable loss and revenue shortfall are the primary catalysts for today’s selloff. Q4 Net Loss Report
• Negative Sentiment: Multiple analysts cut forecasts after the quarter and media coverage highlighted a sharp post-earnings share drop, reinforcing negative sentiment and heavier trading. Analysts Cut Forecasts

Galaxy Digital Company Profile

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.