Galaxy Digital (NASDAQ:GLXY) Announces Quarterly Earnings Results

Galaxy Digital (NASDAQ:GLXY) issued its earnings results on Wednesday. The company reported ($0.09) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.36) by $0.27, FiscalAI reports. Galaxy Digital had a negative return on equity of 2.30% and a negative net margin of 0.54%.The business had revenue of $8.71 billion during the quarter. During the same period last year, the firm earned $0.08 earnings per share.

Galaxy Digital Stock Up 3.8%

Shares of Galaxy Digital stock traded up $0.73 during trading on Thursday, reaching $19.80. The company’s stock had a trading volume of 3,654,020 shares, compared to its average volume of 6,480,277. Galaxy Digital has a 1-year low of $16.43 and a 1-year high of $45.92. The company has a 50-day simple moving average of $26.81 and a two-hundred day simple moving average of $25.31. The company has a quick ratio of 1.70, a current ratio of 1.70 and a debt-to-equity ratio of 0.94. The company has a market cap of $7.72 billion, a price-to-earnings ratio of -41.31 and a beta of 5.06.

Wall Street Analyst Weigh In

Several research firms recently weighed in on GLXY. Cantor Fitzgerald restated an “overweight” rating and issued a $30.00 price objective on shares of Galaxy Digital in a report on Friday, May 1st. BTIG Research lowered their price target on shares of Galaxy Digital from $50.00 to $45.00 and set a “buy” rating for the company in a research report on Wednesday. Citizens Jmp reissued a “market outperform” rating and set a $55.00 price objective on shares of Galaxy Digital in a report on Wednesday, April 29th. Wall Street Zen upgraded Galaxy Digital from a “strong sell” rating to a “sell” rating in a report on Saturday, May 2nd. Finally, Rosenblatt Securities dropped their target price on Galaxy Digital from $39.00 to $35.00 and set a “buy” rating on the stock in a research report on Monday. Ten investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $38.83.

Insider Buying and Selling

In other Galaxy Digital news, Director Michael D. Daffey sold 250,000 shares of the firm’s stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $28.77, for a total value of $7,192,500.00. Following the completion of the sale, the director owned 1,505,419 shares of the company’s stock, valued at approximately $43,310,904.63. This trade represents a 14.24% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 51.53% of the company’s stock.

Institutional Trading of Galaxy Digital

Several large investors have recently added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd increased its holdings in 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 buying an additional 928 shares during the period. Picton Mahoney Asset Management boosted its holdings 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 valued at $34,000 after acquiring an additional 1,000 shares during the last quarter. Danske Bank A S acquired a new stake in shares of Galaxy Digital in the fourth quarter worth $36,000. Northwestern Mutual Wealth Management Co. acquired a new stake in shares of Galaxy Digital in the fourth quarter worth $46,000. Finally, Itau Unibanco Holding S.A. purchased a new position in shares of Galaxy Digital during the fourth quarter worth $49,000.

Galaxy Digital News Roundup

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

• Positive Sentiment: BTIG Research maintained a Buy rating while lowering its price target to $45 from $50. The revised target still implies substantial upside from GLXY’s recent trading level. Benzinga article
• Positive Sentiment: Chardan Capital reaffirmed its Buy rating and set a $35 price target, signaling continued analyst confidence in Galaxy’s long-term growth prospects. Benzinga article
• Positive Sentiment: Galaxy’s quarterly loss of $0.09 per share was narrower than the $0.36 loss analysts expected, providing a favorable earnings surprise despite the reported loss. Zacks earnings article
• Positive Sentiment: Bank of New York selected Galaxy to add staking capabilities to its cryptocurrency custody platform. The arrangement strengthens Galaxy’s institutional role and could support future transaction and service revenue. BNY staking partnership article
• Positive Sentiment: Trading activity was unusually bullish, with call-option purchases 39% above typical daily volume, suggesting increased speculative interest in GLXY.
• Neutral Sentiment: Analysts collectively rate Galaxy Digital a “Moderate Buy,” although the range of targets indicates continued uncertainty around valuation and earnings visibility. Analyst rating article
• Negative Sentiment: Galaxy reported an $85 million Q2 net loss, $77 million of adjusted EBITDA loss and $43 million of adjusted gross profit. Results were pressured primarily by falling digital-asset prices, underscoring GLXY’s high sensitivity to crypto-market conditions. Galaxy Q2 financial results
• Negative Sentiment: Although EPS beat expectations, revenue of $8.71 billion reportedly missed consensus estimates, and results declined from a $0.08-per-share profit in the prior-year quarter. Zacks earnings article

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.