Galaxy Digital (NASDAQ:GLXY) Earns “Market Outperform” Rating from Citizens Jmp

Galaxy Digital (NASDAQ:GLXY)‘s stock had its “market outperform” rating restated by Citizens Jmp in a research note issued to investors on Wednesday,Benzinga reports. They presently have a $60.00 price target on the stock. Citizens Jmp’s target price points to a potential upside of 256.29% from the stock’s current price.

Several other research analysts have also recently issued reports on GLXY. Citigroup initiated coverage on Galaxy Digital in a research report on Tuesday, December 9th. They set an “outperform” rating on the stock. Benchmark raised their price objective on Galaxy Digital from $40.00 to $57.00 and gave the company a “buy” rating in a research note on Wednesday, October 22nd. Morgan Stanley initiated coverage on shares of Galaxy Digital in a research note on Thursday, November 6th. They issued an “overweight” rating and a $42.00 target price for the company. Cantor Fitzgerald dropped their price target on shares of Galaxy Digital from $53.00 to $48.00 and set an “overweight” rating on the stock in a research report on Monday. Finally, The Goldman Sachs Group reduced their price objective on shares of Galaxy Digital from $27.00 to $24.00 and set a “neutral” rating for the company in a research report on Wednesday. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, Galaxy Digital currently has an average rating of “Moderate Buy” and an average target price of $45.23.

Galaxy Digital Trading Down 16.5%

NASDAQ GLXY opened at $16.84 on Wednesday. The firm has a market capitalization of $6.58 billion and a PE ratio of 14.03. The business’s 50-day moving average price is $26.61 and its two-hundred day moving average price is $29.32. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 0.36. Galaxy Digital has a 12 month low of $8.20 and a 12 month high of $45.92.

Galaxy Digital (NASDAQ:GLXY) last posted its quarterly earnings data on Tuesday, February 3rd. The company reported ($1.08) earnings per share for the quarter, topping the consensus estimate of ($1.24) by $0.16. The firm had revenue of $10.37 billion for the quarter, compared to analyst estimates of $13.08 billion.

Insiders Place Their Bets

In other Galaxy Digital news, Director Douglas R. Deason purchased 25,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 4th. The shares were bought at an average cost of $20.80 per share, for a total transaction of $520,000.00. Following the purchase, the director owned 59,000 shares of the company’s stock, valued at $1,227,200. This represents a 73.53% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Institutional Trading of Galaxy Digital

Institutional investors and hedge funds have recently bought and sold shares of the company. CWM LLC purchased a new stake in Galaxy Digital during the second quarter valued at about $26,000. Manchester Capital Management LLC purchased a new position in shares of Galaxy Digital during the 2nd quarter valued at about $32,000. Centerpoint Advisors LLC bought a new stake in Galaxy Digital in the 2nd quarter worth approximately $33,000. North Star Investment Management Corp. purchased a new stake in Galaxy Digital in the third quarter worth approximately $34,000. Finally, ORG Partners LLC grew its position in Galaxy Digital by 1,110.0% during the third quarter. ORG Partners LLC now owns 968 shares of the company’s stock valued at $36,000 after acquiring an additional 888 shares during the last quarter.

Key Stories Impacting Galaxy Digital

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

• Positive Sentiment: Director Douglas R. Deason purchased 25,000 shares (~$520k at ~$20.80), increasing his stake ~73.5% — an insider buy that signals confidence from management-level ownership. SEC Form 4
• Positive Sentiment: BTIG reiterated a “Buy” rating on GLXY, supporting demand from some institutional investors. BTIG Reiterates Buy
• Positive Sentiment: Citizens Jmp reaffirmed a “market outperform” rating with a $60 price target, highlighting that some brokers still see sizable upside vs. current levels. Citizens Jmp $60 PT
• Neutral Sentiment: Morgan Stanley cut its price target to $36 from $43 but maintained an “overweight” rating — a mixed signal (downgraded target, but positive view). Morgan Stanley PT Cut
• Neutral Sentiment: HC Wainwright trimmed its price target to $40 (from $45) but kept a “buy” rating, leaving upside in models but reducing near-term valuations. HC Wainwright PT Lowered
• Negative Sentiment: Galaxy reported a $482M net loss in Q4 2025 and missed revenue expectations (reported $10.37B vs. $13.08B consensus). The sizable loss and revenue shortfall are the primary catalysts for today’s selloff. Q4 Net Loss Report
• Negative Sentiment: Multiple analysts cut forecasts after the quarter and media coverage highlighted a sharp post-earnings share drop, reinforcing negative sentiment and heavier trading. Analysts Cut Forecasts

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.