Galaxy Digital (NASDAQ:GLXY) Given “Buy” Rating at BTIG Research

BTIG Research restated their buy rating on shares of Galaxy Digital (NASDAQ:GLXY) in a report released on Tuesday morning,Benzinga reports. BTIG Research currently has a $50.00 target price on the stock.

Other equities analysts also recently issued research reports about the company. Cantor Fitzgerald dropped their target price on Galaxy Digital from $53.00 to $48.00 and set an “overweight” rating on the stock in a report on Monday. Benchmark boosted their price objective on shares of Galaxy Digital from $40.00 to $57.00 and gave the company a “buy” rating in a research report on Wednesday, October 22nd. Morgan Stanley assumed coverage on shares of Galaxy Digital in a research report on Thursday, November 6th. They issued an “overweight” rating and a $42.00 target price for the company. Rosenblatt Securities reissued a “buy” rating and set a $46.00 target price on shares of Galaxy Digital in a research note on Friday, January 30th. Finally, JMP Securities set a $60.00 price target on shares of Galaxy Digital in a report on Tuesday, December 9th. Two research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Galaxy Digital has a consensus rating of “Buy” and a consensus price target of $46.42.

Galaxy Digital Price Performance

Shares of NASDAQ:GLXY opened at $21.98 on Tuesday. The company’s fifty day moving average is $26.92 and its two-hundred day moving average is $29.47. The company has a market cap of $8.59 billion and a P/E ratio of 18.32. Galaxy Digital has a 12-month low of $8.20 and a 12-month high of $45.92. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 0.36.

Galaxy Digital (NASDAQ:GLXY) last issued its quarterly earnings results on Tuesday, February 3rd. The company reported ($1.08) earnings per share for the quarter, beating analysts’ consensus estimates of ($1.24) by $0.16.

Insider Activity

In other Galaxy Digital news, Director Douglas R. Deason acquired 10,000 shares of the firm’s stock in a transaction that occurred on Friday, November 7th. The stock was purchased at an average cost of $29.59 per share, for a total transaction of $295,900.00. Following the completion of the acquisition, the director owned 10,000 shares of the company’s stock, valued at approximately $295,900. This trade represents a ∞ increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in GLXY. Vanguard Group Inc. boosted its position in Galaxy Digital by 27.5% during the fourth quarter. Vanguard Group Inc. now owns 20,669,893 shares of the company’s stock worth $462,310,000 after purchasing an additional 4,463,782 shares during the period. Balyasny Asset Management L.P. acquired a new stake in shares of Galaxy Digital in the second quarter worth $113,435,000. Invesco Ltd. bought a new stake in shares of Galaxy Digital during the 2nd quarter worth $53,233,000. Tidal Investments LLC bought a new stake in shares of Galaxy Digital during the 2nd quarter worth $48,452,000. Finally, Geode Capital Management LLC bought a new position in Galaxy Digital in the 2nd quarter worth $43,525,000.

Galaxy Digital News Roundup

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

• Positive Sentiment: Analyst support: BTIG reaffirmed a “buy” and set a $50 price target (about 127% upside from current levels), providing a strong bullish signal from a major shop. Benzinga
• Positive Sentiment: Additional buy ratings: Rosenblatt Securities and Canaccord Genuity both reiterated “buy” ratings, supporting near-term demand from institutional recs. Rosenblatt Note Canaccord Note
• Positive Sentiment: Earnings beat on EPS metric: Galaxy reported adjusted/diluted EPS of $(1.08), which beat the consensus (-$1.24) by $0.16 — a small operational upside versus expectations. Earnings Call Highlights
• Neutral Sentiment: Balance sheet liquidity: Galaxy reported $2.6B in cash and stablecoins and $3.0B total equity as of Dec. 31, 2025 — a liquidity cushion that reduces immediate solvency risk despite the loss. PR Newswire
• Neutral Sentiment: Corporate restructuring: The company completed reorganization and domestication to a Delaware entity and began Nasdaq trading — important for governance and liquidity but not an immediate earnings driver. PR Newswire
• Negative Sentiment: Large Q4 net loss: Galaxy reported a $482M Q4 net loss (adjusted EPS $(1.08)), driven primarily by depreciation in digital-asset prices — the headline number prompted heavy selling. Yahoo – Loss Report
• Negative Sentiment: Market reaction: Multiple headlines noted steep share declines (double-digit drops) after the loss disclosure, indicating elevated volatility and sentiment-driven selling. Yahoo – Shares Plunge
• Neutral Sentiment: Short-interest reporting appears unreliable in recent public snapshots (data shows zeros/NaN) and likely isn’t informative for current positioning.

About Galaxy Digital

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.