HC Wainwright Weighs in on Galaxy Digital FY2026 Earnings

Galaxy Digital Inc. (NASDAQ:GLXY) – Equities researchers at HC Wainwright issued their FY2026 earnings per share (EPS) estimates for Galaxy Digital in a research report issued on Wednesday, October 28th. HC Wainwright analyst M. Colonnese expects that the company will post earnings of $0.32 per share for the year. HC Wainwright has a “Buy” rating and a $36.00 price target on the stock. The consensus estimate for Galaxy Digital’s current full-year earnings is ($0.58) per share. HC Wainwright also issued estimates for Galaxy Digital’s Q4 2026 earnings at $0.01 EPS, Q1 2027 earnings at $0.04 EPS, Q2 2027 earnings at ($0.05) EPS, Q3 2027 earnings at ($0.08) EPS, Q4 2027 earnings at ($0.04) EPS and FY2027 earnings at ($0.13) EPS.

Other research analysts have also issued research reports about the company. BTIG Research cut their price objective on Galaxy Digital from $45.00 to $35.00 and set a “buy” rating for the company in a report on Tuesday. Morgan Stanley lowered their target price on shares of Galaxy Digital from $48.00 to $43.00 and set an “overweight” rating on the stock in a research note on Friday, October 9th. Rosenblatt Securities dropped their target price on shares of Galaxy Digital from $35.00 to $30.00 and set a “buy” rating for the company in a research report on Monday. Weiss Ratings lowered shares of Galaxy Digital from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, October 23rd. Finally, Piper Sandler cut their price target on shares of Galaxy Digital from $33.00 to $25.00 and set an “overweight” rating for the company in a research note on Tuesday, October 20th. Eleven research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $35.29.

Galaxy Digital Stock Performance

Shares of GLXY opened at $18.13 on Friday. The company has a current ratio of 1.50, a quick ratio of 1.50 and a debt-to-equity ratio of 1.04. The stock has a 50-day moving average price of $21.99 and a 200-day moving average price of $24.26. Galaxy Digital has a 12-month low of $14.19 and a 12-month high of $36.88.

Galaxy Digital (NASDAQ:GLXY) last announced its earnings results on Tuesday, October 27th. The company reported $0.83 earnings per share for the quarter, topping analysts’ consensus estimates of $0.29 by $0.54. Galaxy Digital had a negative return on equity of 10.30% and a negative net margin of 0.89%. The business had revenue of $8.69 billion for the quarter.

Institutional Trading of Galaxy Digital

A number of hedge funds have recently bought and sold shares of GLXY. Triumph Capital Management boosted its stake in Galaxy Digital by 13.2% in the second quarter. Triumph Capital Management now owns 4,893 shares of the company’s stock worth $134,000 after buying an additional 572 shares in the last quarter. Private Advisor Group LLC raised its stake in shares of Galaxy Digital by 6.9% during the first quarter. Private Advisor Group LLC now owns 10,108 shares of the company’s stock worth $186,000 after acquiring an additional 655 shares in the last quarter. Envestnet Asset Management Inc. raised its stake in shares of Galaxy Digital by 5.2% during the second quarter. Envestnet Asset Management Inc. now owns 19,976 shares of the company’s stock worth $546,000 after acquiring an additional 994 shares in the last quarter. Northwestern Mutual Wealth Management Co. bought a new stake in shares of Galaxy Digital in the 2nd quarter worth approximately $30,000. Finally, Reyes Financial Architecture Inc. bought a new stake in shares of Galaxy Digital in the 3rd quarter worth approximately $30,000.

Insider Buying and Selling at Galaxy Digital

In other news, Director Steven Bandrowczak purchased 5,100 shares of the stock in a transaction on Monday, August 10th. The shares were acquired at an average price of $19.63 per share, for a total transaction of $100,113.00. Following the completion of the transaction, the director directly owned 39,186 shares of the company’s stock, valued at approximately $769,221.18. This trade represents a 14.96% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. Also, insider Matthew Friedrich sold 4,993 shares of Galaxy Digital stock in a transaction dated Wednesday, September 9th. The stock was sold at an average price of $27.03, for a total value of $134,960.79. Following the sale, the insider directly owned 275,782 shares of the company’s stock, valued at approximately $7,454,387.46. This trade represents a 1.78% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 51.53% of the company’s stock.

Key Galaxy Digital News

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

• Positive Sentiment: Galaxy Digital reported strong third-quarter results, including approximately $323 million in profit, and announced a new share buyback. The results helped revive expectations that the company can return to sustained profitability. Galaxy Digital Stock Rises After Q3 Profit and Buyback
• Positive Sentiment: Galaxy applied for an OCC-regulated national trust bank charter. If approved, Galaxy National Bank could bring its custody, trading, staking and fiduciary services under federal supervision, potentially improving institutional credibility and supporting digital-asset adoption. Galaxy Applies for National Trust Bank Charter
• Positive Sentiment: Canaccord Genuity reaffirmed its Buy rating and set a $50 price target, while HC Wainwright retained a Buy rating. HC Wainwright also substantially improved its earnings forecasts, projecting $0.32 EPS for fiscal 2026 and reducing its fiscal 2027 loss estimate to $0.13 per share from $0.67. Galaxy Digital Earns Buy Rating from Canaccord
• Neutral Sentiment: Galaxy’s quarterly earnings substantially exceeded consensus expectations, but its results remain sensitive to cryptocurrency prices and trading conditions. The company continues to have a negative net margin and analysts still expect a loss for the current fiscal year.
• Negative Sentiment: HC Wainwright lowered its price target from $40 to $36, and BTIG also reduced its expectations. These target cuts may be weighing on sentiment even though the firms remain broadly constructive. HC Wainwright Lowers Galaxy Digital Price Target
• Negative Sentiment: Put-option trading rose well above normal levels, indicating increased hedging or bearish speculation. Shares also remain below their 50-day and 200-day moving averages, suggesting ongoing technical weakness after the earnings rally.

Galaxy Digital Company Profile

Galaxy Digital is a financial services and investment management company focused on digital assets and blockchain technology. Founded in 2018 by Michael Novogratz, the company provides institutional investors, corporations and other market participants with services spanning trading, asset management, investment banking, principal investments and venture capital.

Its offerings include spot and derivatives trading, lending and structured products, digital-asset funds and separately managed accounts, as well as advisory services for mergers, acquisitions, capital raising and other strategic transactions.