Remitly Global (NASDAQ:RELY) Rating Increased to Strong-Buy at Wall Street Zen

Remitly Global (NASDAQ:RELY) was upgraded by Wall Street Zen from a “buy” rating to a “strong-buy” rating in a report released on Saturday.

RELY has been the topic of a number of other research reports. JPMorgan Chase & Co. lowered their price target on Remitly Global from $23.00 to $22.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 20th. Oppenheimer set a $20.00 target price on Remitly Global in a report on Thursday. Citizens Jmp lifted their price target on Remitly Global from $20.00 to $22.00 and gave the stock a “market outperform” rating in a research note on Thursday. Citigroup reissued an “outperform” rating on shares of Remitly Global in a research note on Thursday. Finally, The Goldman Sachs Group lifted their price target on shares of Remitly Global from $17.00 to $20.00 and gave the company a “buy” rating in a research report on Thursday. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $22.44.

Remitly Global Stock Up 0.1%

RELY stock opened at $17.15 on Friday. Remitly Global has a one year low of $12.08 and a one year high of $25.70. The company has a debt-to-equity ratio of 0.18, a quick ratio of 2.88 and a current ratio of 3.30. The firm’s fifty day moving average is $13.82 and its 200 day moving average is $15.36. The firm has a market cap of $3.61 billion, a PE ratio of 55.32 and a beta of 0.11.

Remitly Global (NASDAQ:RELY) last issued its quarterly earnings data on Wednesday, February 18th. The financial services provider reported $0.19 earnings per share for the quarter, topping analysts’ consensus estimates of $0.02 by $0.17. Remitly Global had a net margin of 4.15% and a return on equity of 8.87%. The business had revenue of $442.18 million during the quarter, compared to the consensus estimate of $427.27 million. During the same quarter in the prior year, the firm posted ($0.03) earnings per share. The company’s revenue was up 25.7% compared to the same quarter last year. On average, research analysts forecast that Remitly Global will post -0.04 EPS for the current year.

Insider Activity at Remitly Global

In other news, Director Joshua Hug sold 40,776 shares of the stock in a transaction dated Monday, December 1st. The shares were sold at an average price of $13.33, for a total transaction of $543,544.08. Following the sale, the director owned 3,654,764 shares of the company’s stock, valued at approximately $48,718,004.12. This represents a 1.10% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Pankaj Sharma sold 3,000 shares of Remitly Global stock in a transaction that occurred on Wednesday, December 10th. The shares were sold at an average price of $15.00, for a total transaction of $45,000.00. Following the completion of the transaction, the insider owned 220,830 shares of the company’s stock, valued at $3,312,450. This trade represents a 1.34% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 54,776 shares of company stock worth $733,574 in the last three months. 7.50% of the stock is owned by company insiders.

Institutional Investors Weigh In On Remitly Global

Hedge funds have recently added to or reduced their stakes in the business. Baillie Gifford & Co. boosted its position in Remitly Global by 48.2% in the 4th quarter. Baillie Gifford & Co. now owns 11,658,558 shares of the financial services provider’s stock valued at $160,888,000 after buying an additional 3,790,210 shares during the period. Arrowstreet Capital Limited Partnership raised its stake in shares of Remitly Global by 86.0% in the third quarter. Arrowstreet Capital Limited Partnership now owns 5,554,016 shares of the financial services provider’s stock valued at $90,530,000 after acquiring an additional 2,567,446 shares in the last quarter. Marshall Wace LLP boosted its holdings in Remitly Global by 74.4% in the third quarter. Marshall Wace LLP now owns 4,599,144 shares of the financial services provider’s stock valued at $74,966,000 after purchasing an additional 1,962,076 shares during the period. Norges Bank acquired a new position in Remitly Global during the 2nd quarter worth $36,619,000. Finally, Azora Capital LP purchased a new stake in Remitly Global during the 3rd quarter worth about $31,213,000. 74.25% of the stock is currently owned by institutional investors and hedge funds.

Remitly Global News Roundup

Here are the key news stories impacting Remitly Global this week:

• Positive Sentiment: Q4 results beat expectations — Remitly reported Q4 EPS of $0.19 (vs. ~$0.02 est.), revenue of $442.2M (+25.7% YoY) and Q4 net income, showing a profit swing vs. last year. This is the proximate driver of the rally as it validates operating leverage and margin progress. Remitly Reports Fourth Quarter and Full Year 2025 Results Above Outlook
• Positive Sentiment: Full‑year growth of 29% — Remitly disclosed FY2025 revenue of $1.635B, up 29% year‑over‑year and driven by an active user surge, supporting the case for sustainable scale in its core remittance markets. Remitly Global (RELY) Reports 2025 Revenue Growth of 29% to $1.635B Driven by Active User Surge
• Positive Sentiment: Upgraded FY2026 guidance — Management issued revenue guidance roughly in the $1.9B–$2.0B range and Q1 revenue guidance above consensus (~$436–$438M vs. ~$428M est.), signaling continued double‑digit growth and giving analysts room to raise estimates. That guidance underpins the stock’s move higher. Why Remitly Global Stock Rocketed 30% Higher This Week
• Positive Sentiment: Leadership change seen favorably — The company appointed Sebastian J. Gunningham as CEO; the market treated the management transition as constructive alongside the strong results. Leadership clarity reduces execution risk. Remitly Appoints Sebastian J. Gunningham as Chief Executive Officer
• Positive Sentiment: Analyst support — Citizens Jmp raised its price target to $22 with a market‑outperform stance, which reinforces buy-side momentum and gives technical/psychological support to the rally. Analyst Price Target Raise
• Neutral Sentiment: Earnings‑call materials and transcripts posted — Conference call transcript and slide deck are available for investors digging into unit economics, geographic mix and GTM commentary; these details will shape whether momentum is sustained. Remitly (RELY) Q4 2025 Earnings Call Transcript
• Neutral Sentiment: Market reaction coverage — Multiple outlets note the stock’s 20–30%+ move on the combination of results, guidance and leadership change; that coverage explains the price action but doesn’t add new fundamental information. Why Remitly Global Stock Rocketed 30% Higher This Week

Remitly Global Company Profile

Remitly Global, Inc operates as a digital financial services company specializing in cross-border money transfers. Through its proprietary online platform and mobile applications, the company enables immigrants, expatriates and international workers to send remittances swiftly and securely to their families abroad. By focusing on fast deliverability and transparent pricing, Remitly seeks to streamline a process traditionally dominated by cash-based methods and legacy money transfer operators.

Founded in 2011 by Matt Oppenheimer and headquartered in Seattle, Washington, Remitly has grown from a startup into a publicly traded corporation listed on NASDAQ under the ticker RELY.