Galaxy Digital (TSE:GLXY) Price Target Raised to C$24.50

Galaxy Digital (TSE:GLXY) had its price objective raised by Stifel Nicolaus from C$20.00 to C$24.50 in a research report released on Wednesday, BayStreet.CA reports. The brokerage currently has a buy rating on the stock.

Galaxy Digital Stock Down 5.9 %

Shares of Galaxy Digital stock opened at C$17.02 on Wednesday. Galaxy Digital has a 12-month low of C$6.80 and a 12-month high of C$20.12. The stock has a 50 day moving average price of C$16.64 and a two-hundred day moving average price of C$15.31. The stock has a market capitalization of C$2.13 billion, a P/E ratio of 3.09 and a beta of 3.17.

Insiders Place Their Bets

In other news, Director Christopher Charles Ferraro sold 3,300 shares of the company’s stock in a transaction that occurred on Friday, September 27th. The stock was sold at an average price of C$18.70, for a total transaction of C$61,709.67. In other Galaxy Digital news, Director Christopher Charles Ferraro sold 3,300 shares of the company’s stock in a transaction that occurred on Friday, September 27th. The stock was sold at an average price of C$18.70, for a total value of C$61,709.67. Also, Director Erin Brown sold 10,000 shares of the firm’s stock in a transaction on Monday, September 30th. The stock was sold at an average price of C$18.00, for a total value of C$180,000.00. Company insiders own 2.07% of the company’s stock.

Galaxy Digital Company Profile

Galaxy Digital Holdings Ltd. engages in the digital asset and blockchain businesses. It operates through three segments: Global Markets, Asset Management, and Digital Infrastructure Solutions. The company provides various financial products and services to individuals and institutions, such as digital asset trading, derivatives, structured products, financing, capital markets, and merger and acquisition services, digital asset spot and derivatives trading, bespoke lending and structured products.