Galaxy Digital (NASDAQ:GLXY) Shares Down 11.7% – Time to Sell?

05 Jun 2026, 17:15 by Mitch Edgeman · The Markets Daily

Galaxy Digital Inc. (NASDAQ:GLXY – Get Free Report) shares dropped 11.7% on Friday . The stock traded as low as $25.53 and last traded at $25.0740. Approximately 1,136,018 shares traded hands during mid-day trading, a decline of 81% from the average daily volume of 6,004,698 shares. The stock had previously closed at $28.41.

Wall Street Analysts Forecast Growth

Several research firms recently commented on GLXY. The Goldman Sachs Group cut their target price on shares of Galaxy Digital from $24.00 to $21.00 and set a “neutral” rating for the company in a research note on Wednesday, April 8th. Morgan Stanley reissued an “overweight” rating and set a $37.00 target price on shares of Galaxy Digital in a research report on Wednesday, April 29th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $39.00 price target on shares of Galaxy Digital in a report on Thursday, April 23rd. Wall Street Zen upgraded Galaxy Digital from a “strong sell” rating to a “sell” rating in a research report on Saturday, May 2nd. Finally, Citigroup raised their target price on Galaxy Digital from $25.00 to $28.00 and gave the stock a “neutral” rating in a research report on Wednesday, March 18th. Twelve equities 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. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $39.50.

Get Our Latest Stock Analysis on Galaxy Digital

Galaxy Digital Stock Down 12.6%

The stock has a market capitalization of $9.68 billion and a price-to-earnings ratio of -51.66. The firm has a 50 day simple moving average of $25.68 and a 200-day simple moving average of $25.01. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.70 and a quick ratio of 1.70.

Galaxy Digital (NASDAQ:GLXY – Get Free Report) last posted its earnings results on Tuesday, April 28th. The company reported ($0.49) earnings per share for the quarter, topping the consensus estimate of ($0.59) by $0.10. The business had revenue of $10.21 billion for the quarter. Galaxy Digital had a negative net margin of 0.54% and a negative return on equity of 2.30%. During the same period in the previous year, the company posted ($0.86) EPS. On average, sell-side analysts forecast that Galaxy Digital Inc. will post -0.32 EPS for the current fiscal year.

Insider Buying and Selling at Galaxy Digital

In other news, Director Michael D. Daffey sold 250,000 shares of Galaxy Digital stock in a transaction that occurred on 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 completion of the transaction, the director owned 1,505,419 shares in the company, valued at approximately $43,310,904.63. The trade was a 14.24% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 51.53% of the company’s stock.

Hedge Funds Weigh In On Galaxy Digital

A number of institutional investors and hedge funds have recently bought and sold shares of GLXY. Victory Capital Management Inc. increased its position in Galaxy Digital by 2.1% in the third quarter. Victory Capital Management Inc. now owns 19,596 shares of the company’s stock worth $663,000 after purchasing an additional 411 shares during the period. Private Advisor Group LLC grew its position in shares of Galaxy Digital by 6.9% during the 1st quarter. Private Advisor Group LLC now owns 10,108 shares of the company’s stock worth $186,000 after buying an additional 655 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of Galaxy Digital by 1.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 52,879 shares of the company’s stock worth $1,182,000 after buying an additional 666 shares during the last quarter. Main Management ETF Advisors LLC lifted its holdings in Galaxy Digital by 1.0% in the fourth quarter. Main Management ETF Advisors LLC now owns 71,253 shares of the company’s stock valued at $1,593,000 after buying an additional 728 shares during the period. Finally, Cetera Investment Advisers grew its holdings in Galaxy Digital by 2.3% during the 4th quarter. Cetera Investment Advisers now owns 32,963 shares of the company’s stock worth $737,000 after acquiring 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.