Key Points
- Director Steven John Bandrowczak bought 5,100 Galaxy Digital shares at an average price of $19.63, investing approximately $100,113 and increasing his ownership by 14.96% to 39,186 shares.
- Galaxy Digital shares opened at $19.52 after falling 3.2%; the stock remains well below its 50-day and 200-day moving averages and has traded between $16.43 and $45.92 over the past year.
- The company beat quarterly earnings expectations with a loss of $0.09 per share versus the consensus loss of $0.36, while analysts maintain a “Moderate Buy” consensus and an average price target of $38.83.
Galaxy Digital Inc. (NASDAQ:GLXY - Get Free Report) Director Steven John Bandrowczak purchased 5,100 shares of the business's stock in a transaction on Monday, August 10th. The shares were acquired at an average price of $19.63 per share, with a total value of $100,113.00. Following the completion of the transaction, the director owned 39,186 shares of the company's stock, valued at approximately $769,221.18. This trade represents a 14.96% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.
Galaxy Digital Stock Down 3.2%
GLXY opened at $19.52 on Tuesday. The company has a market cap of $7.61 billion, a P/E ratio of -30.03 and a beta of 5.06. The business's 50-day moving average price is $26.19 and its 200-day moving average price is $25.02. The company has a current ratio of 1.70, a quick ratio of 1.70 and a debt-to-equity ratio of 0.94. Galaxy Digital Inc. has a 12 month low of $16.43 and a 12 month high of $45.92.
Galaxy Digital (NASDAQ:GLXY - Get Free Report) last issued its earnings results on Wednesday, August 5th. The company reported ($0.09) earnings per share for the quarter, beating the consensus estimate of ($0.36) by $0.27. Galaxy Digital had a negative return on equity of 6.10% and a negative net margin of 0.75%.The company had revenue of $8.71 billion during the quarter. During the same quarter in the prior year, the company earned $0.08 earnings per share. On average, equities analysts expect that Galaxy Digital Inc. will post -0.74 EPS for the current year.
Analyst Ratings Changes
A number of analysts have recently weighed in on GLXY shares. Wall Street Zen raised Galaxy Digital from a "strong sell" rating to a "sell" rating in a research note on Saturday, May 2nd. Cantor Fitzgerald reissued an "overweight" rating and set a $30.00 price target on shares of Galaxy Digital in a research report on Friday, May 1st. Chardan Capital reissued a "buy" rating and issued a $35.00 price target on shares of Galaxy Digital in a report on Wednesday, August 5th. Piper Sandler decreased their price objective on shares of Galaxy Digital from $36.00 to $33.00 and set an "overweight" rating on the stock in a research report on Friday, July 17th. Finally, Morgan Stanley reaffirmed an "overweight" rating and set a $37.00 price objective on shares of Galaxy Digital in a research note on Wednesday, April 29th. Ten analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $38.83.
Get Our Latest Stock Report on Galaxy Digital
Institutional Inflows and Outflows
Several institutional investors have recently added to or reduced their stakes in the stock. Victory Capital Management Inc. boosted its holdings in shares of Galaxy Digital by 2.1% during the 3rd quarter. Victory Capital Management Inc. now owns 19,596 shares of the company's stock valued at $663,000 after buying an additional 411 shares in the last quarter. Private Advisor Group LLC increased its stake in shares of Galaxy Digital by 6.9% in the 1st 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. Dimensional Fund Advisors LP lifted its position in Galaxy Digital by 1.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 52,879 shares of the company's stock valued at $1,182,000 after acquiring an additional 666 shares during the period. Main Management ETF Advisors LLC boosted its stake in Galaxy Digital by 1.0% during the fourth quarter. Main Management ETF Advisors LLC now owns 71,253 shares of the company's stock worth $1,593,000 after acquiring an additional 728 shares in the last quarter. Finally, Cetera Investment Advisers grew its holdings in Galaxy Digital by 2.3% in the fourth quarter. Cetera Investment Advisers now owns 32,963 shares of the company's stock worth $737,000 after purchasing an additional 742 shares during the period.
About Galaxy Digital
(
Get Free Report)
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.
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