HC Wainwright Has Lowered Expectations for Galaxy Digital (NASDAQ:GLXY) Stock Price

Galaxy Digital (NASDAQ:GLXY) had its price objective dropped by research analysts at HC Wainwright from $45.00 to $40.00 in a note issued to investors on Wednesday, Marketbeat.com reports. The brokerage currently has a “buy” rating on the stock. HC Wainwright’s target price points to a potential upside of 137.53% from the stock’s previous close.

Several other equities research analysts have also commented on GLXY. The Goldman Sachs Group reiterated a “neutral” rating and set a $27.00 price target on shares of Galaxy Digital in a research note on Tuesday, January 20th. Morgan Stanley assumed coverage on Galaxy Digital in a research report on Thursday, November 6th. They set an “overweight” rating and a $42.00 target price on the stock. Cantor Fitzgerald decreased their target price on Galaxy Digital from $53.00 to $48.00 and set an “overweight” rating for the company in a research report on Monday. JMP Securities set a $60.00 price target on Galaxy Digital in a research note on Tuesday, December 9th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Galaxy Digital in a report on Monday, December 29th. 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. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $45.23.

Galaxy Digital Price Performance

GLXY stock opened at $16.84 on Wednesday. The business has a 50 day moving average price of $26.61 and a 200 day moving average price of $29.32. The stock has a market cap of $6.58 billion and a price-to-earnings ratio of 14.03. Galaxy Digital has a fifty-two week low of $8.20 and a fifty-two week 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 announced its quarterly earnings results on Tuesday, February 3rd. The company reported ($1.08) EPS for the quarter, beating the consensus estimate of ($1.24) by $0.16. The company had revenue of $10.37 billion during the quarter, compared to analysts’ expectations of $13.08 billion.

Insider Activity

In related news, Director Douglas R. Deason bought 25,000 shares of the company’s stock in a transaction dated Wednesday, February 4th. The shares were acquired at an average price of $20.80 per share, with a total value of $520,000.00. Following the completion of the acquisition, the director owned 59,000 shares in the company, valued at approximately $1,227,200. This trade represents a 73.53% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Institutional Trading of Galaxy Digital

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Belpointe Asset Management LLC purchased a new position in Galaxy Digital during the second quarter worth about $280,000. Vontobel Holding Ltd. acquired a new position in Galaxy Digital during the 2nd quarter worth approximately $766,000. IFP Advisors Inc purchased a new position in shares of Galaxy Digital during the 2nd quarter worth approximately $84,000. Concurrent Investment Advisors LLC acquired a new stake in shares of Galaxy Digital in the 2nd quarter valued at approximately $299,000. Finally, CWM LLC purchased a new stake in shares of Galaxy Digital in the second quarter valued at approximately $26,000.

Key Galaxy Digital News

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

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.