Galaxy Digital (TSE:GLXY) Rating Reiterated by BTIG Research

Galaxy Digital (TSE:GLXYGet Rating)‘s stock had its “buy” rating reaffirmed by analysts at BTIG Research in a note issued to investors on Monday, TipRanks reports. They currently have a C$37.00 price objective on the stock. BTIG Research’s price objective points to a potential upside of 265.61% from the company’s previous close.

TSE:GLXY traded up C$0.15 during trading hours on Monday, reaching C$10.12. 1,034,308 shares of the company traded hands, compared to its average volume of 721,463. The stock has a market cap of C$1.03 billion and a PE ratio of 2.07. Galaxy Digital has a 1-year low of C$9.85 and a 1-year high of C$43.98.

In other news, Senior Officer Damien Richard Paul Vanderwilt sold 25,000 shares of the firm’s stock in a transaction on Monday, April 11th. The stock was sold at an average price of C$17.25, for a total transaction of C$431,250.00. Also, Director Andrew Neal Siegel sold 39,643 shares of the stock in a transaction on Thursday, April 14th. The stock was sold at an average price of C$16.00, for a total value of C$634,315.75. Following the completion of the transaction, the director now directly owns 139,332 shares in the company, valued at C$2,229,409.53. In the last quarter, insiders have sold 70,043 shares of company stock worth $1,157,399.

Galaxy Digital Company Profile (Get Rating)

Galaxy Digital Holdings Ltd., an asset management firm, operates in the digital asset, cryptocurrency, and blockchain technology industry. It operates in five business lines, which include trading, asset management, principal investments, investment banking, and mining. The company buys, sells, lends, and borrows cryptocurrencies and other digital assets, which include over-the-counter (OTC) liquidity provision, on-exchange market-making, OTC derivative trading, options, futures, borrowing and lending, proprietary quantitative, arbitrage, and macro trading strategies.

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