BTIG Research Reiterates “Buy” Rating for Galaxy Digital (NASDAQ:GLXY)

Galaxy Digital (NASDAQ:GLXY)‘s stock had its “buy” rating reiterated by BTIG Research in a research note issued on Tuesday,Benzinga reports. They currently have a $50.00 price objective on the stock. BTIG Research’s target price would indicate a potential upside of 148.02% from the company’s current price.

GLXY has been the topic of a number of other research reports. Rosenblatt Securities reissued a “buy” rating and set a $46.00 price target on shares of Galaxy Digital in a research report on Friday, January 30th. The Goldman Sachs Group reissued a “neutral” rating and set a $27.00 target price on shares of Galaxy Digital in a report on Tuesday, January 20th. Morgan Stanley assumed coverage on Galaxy Digital in a report on Thursday, November 6th. They set an “overweight” rating and a $42.00 price target for the company. Citigroup assumed coverage on shares of Galaxy Digital in a report on Tuesday, December 9th. They issued an “outperform” rating on the stock. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Galaxy Digital in a research report on Monday, December 29th. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $45.23.

Galaxy Digital Price Performance

Shares of GLXY opened at $20.16 on Tuesday. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 0.36. The company’s fifty day simple moving average is $26.80 and its 200 day simple moving average is $29.40. Galaxy Digital has a 1-year low of $8.20 and a 1-year high of $45.92. The company has a market cap of $7.87 billion and a price-to-earnings ratio of 16.80.

Galaxy Digital (NASDAQ:GLXY) last announced its quarterly earnings data on Tuesday, February 3rd. The company reported ($1.08) EPS for the quarter, beating analysts’ consensus estimates of ($1.24) by $0.16. The firm had revenue of $10.37 billion during the quarter, compared to the consensus estimate of $13.08 billion.

Insider Activity

In other Galaxy Digital news, Director Douglas R. Deason purchased 10,000 shares of the firm’s stock in a transaction that occurred on Friday, November 7th. The shares were acquired at an average cost of $29.59 per share, for a total transaction of $295,900.00. Following the completion of the purchase, the director owned 10,000 shares of the company’s stock, valued at approximately $295,900. The trade was a ∞ increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Institutional Trading of Galaxy Digital

A number of institutional investors have recently bought and sold shares of the business. Rovida Advisors Inc. acquired a new position in Galaxy Digital in the second quarter valued at about $33,612,000. RFG Advisory LLC bought a new position in Galaxy Digital in the 2nd quarter valued at about $898,000. Seven Grand Managers LLC acquired a new position in shares of Galaxy Digital in the 2nd quarter valued at approximately $27,375,000. SG Americas Securities LLC bought a new stake in shares of Galaxy Digital during the 3rd quarter worth approximately $3,119,000. Finally, Rovida Investment Management Ltd acquired a new stake in shares of Galaxy Digital during the 2nd quarter worth approximately $33,612,000.

Trending Headlines about Galaxy Digital

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

• Positive Sentiment: Galaxy reported meaningful liquidity and positive adjusted results (Q4 adjusted gross profit of $426M, adjusted EBITDA of $34M; cash and stablecoins of $2.6B; total equity ~$3.0B), which provides a balance-sheet cushion amid the loss. PR Newswire: Q4 and FY2025 Results
• Positive Sentiment: BTIG reaffirmed a “buy” rating with a $50 price target, signaling some analysts still see substantial upside. Benzinga: BTIG rating
• Positive Sentiment: Citizens Jmp reaffirmed a “market outperform” rating with a $60 target, another bullish stance that could support the stock longer term. Benzinga: Citizens Jmp rating
• Neutral Sentiment: GLXY posted adjusted EPS that beat the consensus (-$1.08 vs. -$1.24), but revenue missed estimates ($10.37B vs. $13.08B) — a mixed print that explains both buying and selling pressure. MarketBeat: Q4 results summary
• Neutral Sentiment: Earnings materials and transcripts are available for deeper read (presentation and call transcript), useful for investors deciding whether the loss is cyclical or indicates deeper business issues. Seeking Alpha: Q4 presentation
• Negative Sentiment: The headline driver: a $482M Q4 net loss that sparked sharp selling and large intraday volume (multiple headlines reporting 14–20% share declines). That loss and the revenue shortfall are the primary reasons the stock is trading lower. Blockonomi: Stock plunges after $482M loss
• Negative Sentiment: Several firms trimmed price targets: Morgan Stanley cut its target to $36 (still “overweight”) and HC Wainwright lowered its target to $40, signaling reduced near-term expectations despite maintained buy/overweight stances. Benzinga: Analyst updates

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.