52,803 Shares in Galaxy Digital Inc. $GLXY Acquired by Virtu Financial LLC

Virtu Financial LLC bought a new stake in Galaxy Digital Inc. (NASDAQ:GLXY) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 52,803 shares of the company’s stock, valued at approximately $1,181,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Mcguire Capital Advisors Inc. purchased a new position in Galaxy Digital during the 4th quarter worth $154,000. Invesco Ltd. grew its stake in shares of Galaxy Digital by 31.1% during the 4th quarter. Invesco Ltd. now owns 3,082,187 shares of the company’s stock worth $68,918,000 after purchasing an additional 731,215 shares during the period. Feynman Point Asset Management LLC purchased a new position in shares of Galaxy Digital in the 4th quarter valued at about $1,029,000. Vident Advisory LLC increased its holdings in shares of Galaxy Digital by 5.0% in the 4th quarter. Vident Advisory LLC now owns 134,369 shares of the company’s stock valued at $3,007,000 after purchasing an additional 6,430 shares in the last quarter. Finally, NewEdge Advisors LLC purchased a new position in shares of Galaxy Digital in the 4th quarter valued at about $259,000.

Galaxy Digital Price Performance

Shares of NASDAQ:GLXY opened at $34.18 on Friday. The business’s fifty day moving average price is $28.69 and its two-hundred day moving average price is $25.53. The stock has a market cap of $13.33 billion and a PE ratio of -71.21. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.70 and a current ratio of 1.70. Galaxy Digital Inc. has a one year low of $16.43 and a one year high of $45.92.

Galaxy Digital (NASDAQ:GLXY) last released its quarterly earnings results on Tuesday, April 28th. The company reported ($0.49) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.59) by $0.10. The company had revenue of $10.21 billion during the quarter. Galaxy Digital had a negative return on equity of 2.30% and a negative net margin of 0.54%.During the same period last year, the firm earned ($0.86) earnings per share. On average, analysts forecast that Galaxy Digital Inc. will post -0.32 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on GLXY shares. BTIG Research reissued a “buy” rating and set a $50.00 price target on shares of Galaxy Digital in a research note on Thursday, May 21st. Citizens Jmp reaffirmed a “market outperform” rating and set a $55.00 price objective on shares of Galaxy Digital in a report on Wednesday, April 29th. Canaccord Genuity Group reiterated a “buy” rating and set a $50.00 target price on shares of Galaxy Digital in a research report on Friday, April 24th. Rosenblatt Securities reissued a “buy” rating and issued a $39.00 target price on shares of Galaxy Digital in a report on Thursday, April 23rd. Finally, Piper Sandler cut their price target on Galaxy Digital from $42.00 to $36.00 and set an “overweight” rating for the company in a research note on Tuesday, April 21st. Twelve research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $39.50.

Insiders Place Their Bets

In other Galaxy Digital news, Director Michael D. Daffey sold 250,000 shares of the company’s stock in a transaction dated Thursday, May 21st. The shares were sold at an average price of $28.77, for a total value of $7,192,500.00. Following the transaction, the director directly owned 1,505,419 shares in the company, valued at approximately $43,310,904.63. This represents a 14.24% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 51.53% of the company’s stock.

Galaxy Digital 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.