BTIG Research Lowers Galaxy Digital (NASDAQ:GLXY) Price Target to $45.00

Galaxy Digital (NASDAQ:GLXY) had its price target lowered by investment analysts at BTIG Research from $50.00 to $45.00 in a report released on Wednesday,Benzinga reports. The firm currently has a “buy” rating on the stock. BTIG Research’s target price indicates a potential upside of 136.67% from the company’s previous close.

GLXY has been the subject of several other reports. Canaccord Genuity Group restated a “buy” rating and issued a $50.00 target price on shares of Galaxy Digital in a research report on Friday, April 24th. Citizens Jmp restated a “market outperform” rating and set a $55.00 target price on shares of Galaxy Digital in a research note on Wednesday, April 29th. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $30.00 target price on shares of Galaxy Digital in a report on Friday, May 1st. Chardan Capital reissued a “buy” rating and set a $35.00 price target on shares of Galaxy Digital in a report on Wednesday. Finally, Weiss Ratings lowered Galaxy Digital from a “sell (d+)” rating to a “sell (d-)” rating in a research note on Tuesday, May 26th. Ten research 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’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $38.83.

Galaxy Digital Price Performance

Shares of NASDAQ GLXY traded down $3.13 during midday trading on Wednesday, reaching $19.01. The company’s stock had a trading volume of 11,428,629 shares, compared to its average volume of 6,465,874. 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 cap of $7.41 billion, a P/E ratio of -39.63 and a beta of 5.06. The business’s 50 day moving average price is $27.03 and its two-hundred day moving average price is $25.40. Galaxy Digital has a fifty-two week low of $16.43 and a fifty-two week high of $45.92.

Galaxy Digital (NASDAQ:GLXY) last issued its quarterly earnings results on Wednesday, August 5th. The company reported ($0.09) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.36) by $0.27. The business had revenue of $8.71 billion for the quarter. Galaxy Digital had a negative return on equity of 2.30% and a negative net margin of 0.54%.During the same period in the prior year, the company earned $0.08 EPS. On average, analysts forecast that Galaxy Digital will post -0.35 EPS for the current fiscal year.

Insider Buying and Selling

In other Galaxy Digital news, Director Michael D. Daffey sold 250,000 shares of the business’s stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of $28.77, for a total transaction of $7,192,500.00. Following the sale, the director directly owned 1,505,419 shares of the company’s stock, valued at $43,310,904.63. The trade was a 14.24% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 51.53% of the stock is currently owned by corporate insiders.

Institutional Trading of Galaxy Digital

A number of institutional investors and hedge funds have recently bought and sold shares of GLXY. Caitong International Asset Management Co. Ltd lifted its holdings in Galaxy Digital by 183.4% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 1,434 shares of the company’s stock worth $32,000 after buying an additional 928 shares during the period. Picton Mahoney Asset Management increased its stake in shares of Galaxy Digital by 200.0% in the fourth quarter. Picton Mahoney Asset Management now owns 1,500 shares of the company’s stock valued at $34,000 after buying an additional 1,000 shares during the period. Danske Bank A S bought a new position in shares of Galaxy Digital during the fourth quarter worth about $36,000. Northwestern Mutual Wealth Management Co. bought a new position in shares of Galaxy Digital during the fourth quarter worth about $46,000. Finally, Itau Unibanco Holding S.A. bought a new position in shares of Galaxy Digital during the fourth quarter worth about $49,000.

Trending Headlines about Galaxy Digital

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

• Positive Sentiment: Chardan Capital reaffirmed its Buy rating and set a $35 price target, implying substantial potential upside from recent trading levels. Benzinga analyst rating report
• Positive Sentiment: Galaxy Digital reported adjusted EPS of a $0.09 loss, which was better than the $0.36 loss analysts expected. However, this compared with positive EPS of $0.08 in the prior-year quarter. Galaxy Digital quarterly earnings report
• Positive Sentiment: Galaxy announced a strategic collaboration with BNY to support staking through BNY’s institutional digital-asset custody platform. The agreement could strengthen Galaxy’s role in institutional crypto infrastructure and expand future service opportunities. Galaxy and BNY digital asset infrastructure collaboration
• Neutral Sentiment: Analysts collectively assign Galaxy Digital an average “Moderate Buy” rating, indicating constructive but not uniformly bullish sentiment. Galaxy Digital analyst ratings
• Negative Sentiment: Galaxy posted an $85 million Q2 net loss, $77 million of negative adjusted EBITDA and $43 million of adjusted gross profit. Management attributed the loss primarily to depreciation in digital-asset prices, underscoring the company’s high sensitivity to cryptocurrency market conditions. Revenue also missed estimates, while profitability metrics remained negative. The company ended the quarter with $2.7 billion of total equity and $2.5 billion in cash and stablecoins. Galaxy Digital second-quarter 2026 financial results

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.