HC Wainwright Cuts Galaxy Digital (NASDAQ:GLXY) Price Target to $40.00

Galaxy Digital (NASDAQ:GLXY) had its price target trimmed by HC Wainwright from $45.00 to $40.00 in a research report released on Wednesday, Marketbeat reports. The brokerage currently has a buy rating on the stock. HC Wainwright also issued estimates for Galaxy Digital’s Q1 2026 earnings at ($0.50) EPS, Q2 2026 earnings at ($0.03) EPS, Q3 2026 earnings at $0.09 EPS, Q4 2026 earnings at $0.12 EPS and FY2026 earnings at ($0.32) EPS.

A number of other equities analysts also recently issued reports on GLXY. Morgan Stanley began coverage on Galaxy Digital in a research report on Thursday, November 6th. They set an “overweight” rating and a $42.00 price target on the stock. Cantor Fitzgerald cut their target price on Galaxy Digital from $53.00 to $48.00 and set an “overweight” rating for the company in a research note on Monday. Benchmark lifted 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. Citizens Jmp started coverage on Galaxy Digital in a report on Tuesday, December 9th. They issued a “market outperform” rating and a $60.00 target price for the company. Finally, Canaccord Genuity Group reaffirmed a “buy” rating and set a $50.00 price target on shares of Galaxy Digital in a report on Friday, January 30th. One equities research 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 has an average rating of “Moderate Buy” and an average price target of $45.23.

Galaxy Digital Price Performance

NASDAQ GLXY opened at $19.76 on Wednesday. The company has a market cap of $7.72 billion and a PE ratio of 16.47. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.35 and a current ratio of 1.35. Galaxy Digital has a 52-week low of $8.20 and a 52-week high of $45.92. The firm’s 50 day moving average price is $26.47 and its 200-day moving average price is $29.26.

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

Insider Activity at Galaxy Digital

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

Hedge Funds Weigh In On Galaxy Digital

A number of hedge funds have recently bought and sold shares of GLXY. CWM LLC acquired a new stake in shares of Galaxy Digital during the 2nd quarter worth approximately $26,000. Manchester Capital Management LLC acquired a new position in shares of Galaxy Digital in the 2nd quarter valued at $32,000. Centerpoint Advisors LLC acquired a new position in Galaxy Digital in the 2nd quarter worth approximately $33,000. North Star Investment Management Corp. acquired a new stake in shares of Galaxy Digital during the third quarter worth approximately $34,000. Finally, ORG Partners LLC boosted 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 purchasing an additional 888 shares during the last quarter.

Galaxy Digital News Roundup

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

• Positive Sentiment: Board approved a share repurchase program authorizing up to $200 million of Class A common stock over the next 12 months (open‑market or negotiated buys; Nasdaq purchases capped at ~5% of outstanding shares; program can be suspended). This buyback is the primary catalyst for today’s upside as investors view it as a signal of confidence and a way to support the stock. Galaxy approves buyback
• Positive Sentiment: Director Douglas Deason purchased 25,000 shares (~$520k at ~$20.80), increasing his stake materially — an insider buy that supports management confidence in the outlook. SEC Form 4
• Positive Sentiment: HC Wainwright raised several 2026 quarterly estimates (Q2–Q4) and trimmed FY2026 losses slightly while maintaining a Buy rating and $40 target — a sign of improving medium‑term profit expectations. HC Wainwright note
• Positive Sentiment: BTIG and other brokers reiterated Buy/Outperform stances, providing continued institutional support that helps underpin sentiment if buyback execution continues. BTIG reiterates Buy
• Neutral Sentiment: Consensus broker view still sits around “Moderate Buy” with a range of price targets; this mixed but generally favorable coverage tempers volatility but leaves upside dependent on execution and crypto market moves. Consensus recommendation
• Neutral Sentiment: Morgan Stanley trimmed its price target (reported as lower than earlier) but left an overweight stance — a moderate signal that helps relative positioning but reduces some upside from higher targets. Morgan Stanley coverage
• Negative Sentiment: Galaxy reported a $482 million net loss in Q4 2025 and missed revenue expectations, which sparked earlier heavy selling and remains a core reason for near‑term downside risk and analyst forecast trimming. Q4 loss report
• Negative Sentiment: Several analysts cut near‑term forecasts after the Q4 results and some commentary remains pessimistic about short‑term earnings and crypto market dependency, which could re‑pressure the stock if buybacks or crypto prices disappoint. Analyst forecast cuts

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.