Galaxy Digital (NASDAQ:GLXY) Shares Gap Up Following Strong Earnings

Galaxy Digital Inc. (NASDAQ:GLXY)’s stock price gapped up before the market opened on Tuesday following a stronger than expected earnings report. The stock had previously closed at $15.68, but opened at $16.65. Galaxy Digital shares last traded at $16.2220, with a volume of 1,445,332 shares trading hands.

The company reported $0.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.29 by $0.54. Galaxy Digital had a negative return on equity of 6.25% and a negative net margin of 0.75%. The firm had revenue of $8.69 billion for the quarter.

Galaxy Digital News Roundup

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

• Positive Sentiment: Q3 earnings exceeded expectations. Galaxy Digital reported adjusted earnings of $0.83 per share, well above consensus estimates ranging from $0.27 to $0.29. Revenue was $8.69 billion. The earnings surprise suggests stronger-than-expected operating performance and is the primary catalyst supporting the stock. Galaxy Digital Inc. Q3 Earnings Top Estimates
• Positive Sentiment: BTIG maintained a Buy rating. BTIG Research lowered its price target from $45 to $35 but still sees significant upside from current trading levels. The continued Buy rating indicates the firm believes the earnings outlook and longer-term growth prospects remain attractive despite the target reduction. BTIG Research price-target update
• Neutral Sentiment: Other analysts have also reduced targets while retaining Buy ratings. Rosenblatt Securities cut its target from $35 to $30, suggesting more cautious valuation assumptions, but its maintained Buy rating provides ongoing analyst support. Rosenblatt Securities recommendations
• Neutral Sentiment: Short-interest data showed no reported shares sold short. The reported short interest was zero shares as of October 26, limiting evidence of significant bearish positioning, although the figure may reflect a reporting or data issue.
• Negative Sentiment: Profitability metrics remain weak. Despite the quarterly earnings beat, Galaxy Digital reported a negative net margin of 0.75% and negative return on equity of 6.25%. Investors may therefore question the durability and quality of the reported profits.
• Negative Sentiment: The stock has suffered a steep recent selloff. GLXY recently traded near its lowest level since April 2025 and remained more than 68% below its 2025 peak. The decline highlights elevated volatility and continued sensitivity to cryptocurrency-market conditions. Galaxy Digital stock outlook

Wall Street Analysts Forecast Growth

GLXY has been the subject of several research analyst reports. Piper Sandler reduced their price objective on Galaxy Digital from $33.00 to $25.00 and set an “overweight” rating for the company in a research note on Tuesday, October 20th. Weiss Ratings lowered Galaxy Digital from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday. Maxim Group cut their price target on shares of Galaxy Digital from $46.00 to $36.00 and set a “buy” rating on the stock in a report on Thursday. BTIG Research dropped their price objective on shares of Galaxy Digital from $45.00 to $35.00 and set a “buy” rating on the stock in a report on Tuesday. Finally, Rosenblatt Securities dropped their price objective on shares of Galaxy Digital from $35.00 to $30.00 and set a “buy” rating on the stock in a report on Monday. Eleven investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $35.67.

Insider Activity

In other Galaxy Digital news, Director Douglas R. Deason purchased 12,000 shares of Galaxy Digital stock in a transaction that occurred on Wednesday, August 12th. The stock was bought at an average price of $21.54 per share, with a total value of $258,480.00. Following the acquisition, the director owned 71,000 shares of the company’s stock, valued at $1,529,340. This trade represents a 20.34% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Matthew W. Friedrich sold 4,993 shares of the company’s stock in a transaction dated Wednesday, September 9th. The stock was sold at an average price of $27.03, for a total value 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 position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 51.53% of the company’s stock.

Institutional Trading of Galaxy Digital

Several institutional investors have recently bought and sold shares of GLXY. Triumph Capital Management grew its stake in Galaxy Digital by 13.2% during the 2nd quarter. Triumph Capital Management now owns 4,893 shares of the company’s stock valued at $134,000 after acquiring an additional 572 shares in the last quarter. Private Advisor Group LLC raised its holdings in Galaxy Digital by 6.9% in the 1st quarter. Private Advisor Group LLC now owns 10,108 shares of the company’s stock valued at $186,000 after acquiring an additional 655 shares during the last quarter. Envestnet Asset Management Inc. lifted its stake in Galaxy Digital by 5.2% in the 2nd quarter. Envestnet Asset Management Inc. now owns 19,976 shares of the company’s stock worth $546,000 after purchasing an additional 994 shares in the last quarter. Northwestern Mutual Wealth Management Co. purchased a new position in Galaxy Digital in the 2nd quarter worth approximately $30,000. Finally, RFG Advisory LLC lifted its stake in Galaxy Digital by 2.7% in the 1st quarter. RFG Advisory LLC now owns 45,933 shares of the company’s stock worth $847,000 after purchasing an additional 1,205 shares in the last quarter.

Galaxy Digital Stock Up 4.3%

The company has a quick ratio of 1.50, a current ratio of 1.50 and a debt-to-equity ratio of 1.04. The firm has a market capitalization of $6.40 billion, a PE ratio of -25.05 and a beta of 5.11. The business has a 50-day moving average price of $22.31 and a 200-day moving average price of $24.42.

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.