Galaxy Digital (NASDAQ:GLXY) Stock Jumps 9.2% – Should You Buy?

Galaxy Digital Inc. (NASDAQ:GLXY) shares shot up 9.2% on Tuesday. The stock traded as high as $15.99 and last traded at $15.9250. 707,970 shares traded hands during trading, a decline of 89% from the average session volume of 6,401,115 shares. The stock had previously closed at $14.59.

Key Galaxy Digital News

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

• Positive Sentiment: Maxim raises several earnings forecasts and maintains a Buy rating. The firm lifted its Q4 2026 EPS forecast to $(0.41) from $(0.97), Q2 2027 EPS to $(0.25) from $(1.21), Q3 2027 EPS to $(0.08) from $(0.78), and Q4 2027 EPS to $0.08 from $(0.43). Maxim also projects FY2028 EPS of $1.55 and keeps a $36 price target, suggesting substantial potential upside if Galaxy’s profitability improves as expected.
• Positive Sentiment: The latest quarterly results exceeded expectations. Galaxy Digital reported $0.83 in EPS versus the $0.29 consensus estimate, with $8.69 billion in revenue. The beat supports the bullish case that trading and digital-asset activity can produce significant earnings when cryptocurrency markets are favorable.
• Neutral Sentiment: Maxim’s outlook remains volatile and dependent on cryptocurrency conditions. The analyst still expects losses in Q4 2026, Q1–Q3 2027 and FY2027, although the projected loss narrows to $(0.96) from $(2.90). Maxim forecasts a return to quarterly profitability beginning in Q4 2027 and stronger earnings in 2028.
• Negative Sentiment: Near-term Q1 2027 expectations were reduced. Maxim lowered its Q1 2027 EPS forecast to $(0.79) from $(0.46), highlighting continued earnings pressure before the projected recovery.
• Negative Sentiment: A director sold 12,000 shares. Medina Rhonda Adams sold approximately $197,400 of GLXY stock at an average price of $16.45, reducing her direct stake by about 10%. While one insider transaction is not conclusive, it can weigh on sentiment. Galaxy Digital Director Insider Sale
• Negative Sentiment: Recent commentary raises concerns about the distribution of returns. An analysis argues that Galaxy’s lending-related revenue is benefiting the company less than its lenders, potentially limiting shareholder returns. Galaxy Digital Lending Analysis

Analyst Ratings Changes

A number of equities analysts recently issued reports on GLXY shares. BTIG Research lowered their price target on Galaxy Digital from $45.00 to $35.00 and set a “buy” rating on the stock in a report on Tuesday, October 27th. Citigroup upgraded Galaxy Digital from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $26.00 to $28.00 in a research report on Tuesday, October 13th. Morgan Stanley reduced their price objective on shares of Galaxy Digital from $48.00 to $43.00 and set an “overweight” rating on the stock in a research note on Friday, October 9th. Zacks Research upgraded shares of Galaxy Digital from a “strong sell” rating to a “hold” rating in a research report on Friday, September 18th. Finally, Weiss Ratings cut shares of Galaxy Digital from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, October 23rd. Eleven analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Galaxy Digital has an average rating of “Moderate Buy” and an average price target of $35.29.

Galaxy Digital Stock Up 12.3%

The company has a debt-to-equity ratio of 1.04, a current ratio of 1.50 and a quick ratio of 1.50. The stock has a market cap of $6.40 billion, a price-to-earnings ratio of -16.28 and a beta of 5.39. The firm’s 50-day moving average is $21.66 and its 200 day moving average is $24.15.

Galaxy Digital (NASDAQ:GLXY) last announced its quarterly earnings results on Tuesday, October 27th. The company reported $0.83 earnings per share for the quarter, beating analysts’ consensus estimates of $0.29 by $0.54. Galaxy Digital had a negative net margin of 0.89% and a negative return on equity of 10.30%. The company had revenue of $8.69 billion for the quarter. Sell-side analysts anticipate that Galaxy Digital Inc. will post -0.24 earnings per share for the current fiscal year.

Insider Transactions at Galaxy Digital

In other Galaxy Digital news, 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 transaction of $134,960.79. Following the completion of the sale, the insider directly owned 275,782 shares in the company, valued at $7,454,387.46. This represents a 1.78% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Douglas R. Deason acquired 12,000 shares of the business’s stock in a transaction dated Wednesday, August 12th. The stock was purchased at an average price of $21.54 per share, for a total transaction of $258,480.00. Following the completion of the acquisition, the director owned 71,000 shares in the company, valued at approximately $1,529,340. This trade represents a 20.34% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 51.53% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Galaxy Digital

Several institutional investors and hedge funds have recently modified their holdings of GLXY. State Street Corp raised its stake in shares of Galaxy Digital by 99.7% during the second quarter. State Street Corp now owns 3,833,993 shares of the company’s stock valued at $104,821,000 after purchasing an additional 1,913,688 shares during the period. Moore Capital Management LP boosted its holdings in Galaxy Digital by 52.9% in the second quarter. Moore Capital Management LP now owns 2,082,250 shares of the company’s stock worth $56,929,000 after purchasing an additional 720,000 shares during the period. Bank of America Corp DE lifted its holdings in Galaxy Digital by 112.4% in the second quarter. Bank of America Corp DE now owns 1,145,172 shares of the company’s stock worth $31,309,000 after acquiring an additional 605,986 shares during the last quarter. Anson Funds Management LP bought a new position in Galaxy Digital during the 1st quarter worth $11,070,000. Finally, AWM Investment Company Inc. acquired a new position in Galaxy Digital during the 2nd quarter valued at about $12,221,000.

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.