Remitly Global (NASDAQ:RELY) Shares Gap Up After Earnings Beat

Shares of Remitly Global, Inc. (NASDAQ:RELY) gapped up before the market opened on Thursday following a better than expected earnings announcement. The stock had previously closed at $13.61, but opened at $16.35. Remitly Global shares last traded at $17.2570, with a volume of 7,721,203 shares changing hands.

The financial services provider reported $0.19 EPS for the quarter, beating the consensus estimate of $0.02 by $0.17. Remitly Global had a net margin of 4.15% and a return on equity of 9.18%. The business had revenue of $442.18 million for the quarter, compared to analysts’ expectations of $427.27 million. During the same period in the previous year, the firm posted ($0.03) EPS. The firm’s revenue was up 25.7% compared to the same quarter last year.

Remitly Global News Summary

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

• Positive Sentiment: Q4 beat: Remitly reported Q4 EPS of $0.19 vs. a $0.02 consensus and revenue of $442.2M (up 25.7% YoY), showing clear recovery in profitability and top-line momentum. Remitly Q4 Results
• Positive Sentiment: Raised guidance: Management updated FY‑2026 and Q1‑2026 revenue guidance (FY revenue ~$1.9–$2.0B; Q1 revenue $436–$438M), above recent consensus, which supports the rally. Earnings Press Release / Slides
• Positive Sentiment: Analyst lift: Citizens Jmp raised its price target to $22 and kept a “market outperform” rating, signaling more analyst conviction and providing visible upside for investors. Citizens JMP Price Target Raise
• Neutral Sentiment: Leadership change: Remitly named Sebastian J. Gunningham as CEO — a material governance event that could be positive long term but creates short-term execution uncertainty until the new CEO’s strategy is clear. CEO Appointment
• Negative Sentiment: Insider selling: A company director sold 4,500 shares (disclosed filing), a small transaction that may attract attention but appears immaterial to company fundamentals. SEC Filing — Insider Sale

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. Monness Crespi & Hardt dropped their price target on shares of Remitly Global from $32.00 to $28.00 and set a “buy” rating on the stock in a research note on Thursday, November 6th. Bank of America started coverage on Remitly Global in a research note on Tuesday, February 10th. They set a “buy” rating and a $18.00 target price for the company. The Goldman Sachs Group lifted their price target on Remitly Global from $17.00 to $20.00 and gave the stock a “buy” rating in a report on Thursday. Oppenheimer set a $20.00 price objective on Remitly Global in a research note on Thursday. Finally, Zacks Research raised shares of Remitly Global from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 20th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $22.44.

Insider Activity

In related news, Director Ryno Blignaut sold 4,500 shares of the firm’s stock in a transaction on Wednesday, November 26th. The shares were sold at an average price of $13.25, for a total value of $59,625.00. Following the transaction, the director directly owned 41,576 shares in the company, valued at approximately $550,882. This trade represents a 9.77% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Joshua Hug sold 40,776 shares of Remitly Global stock in a transaction that occurred on Monday, December 1st. The stock was sold at an average price of $13.33, for a total value of $543,544.08. Following the completion of the transaction, the director directly owned 3,654,764 shares in the company, valued at approximately $48,718,004.12. This represents a 1.10% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 54,776 shares of company stock worth $733,574 in the last 90 days. Company insiders own 7.50% of the company’s stock.

Institutional Investors Weigh In On Remitly Global

Several large investors have recently modified their holdings of RELY. Torren Management LLC acquired a new stake in shares of Remitly Global in the 4th quarter valued at $25,000. Essex Investment Management Co. LLC bought a new position in Remitly Global in the third quarter valued at about $33,000. Cullen Frost Bankers Inc. acquired a new stake in Remitly Global in the fourth quarter worth about $28,000. First Horizon Corp bought a new stake in Remitly Global during the 3rd quarter worth about $36,000. Finally, GAMMA Investing LLC lifted its position in Remitly Global by 280.2% during the 4th quarter. GAMMA Investing LLC now owns 2,209 shares of the financial services provider’s stock valued at $30,000 after purchasing an additional 1,628 shares during the period. 74.25% of the stock is currently owned by institutional investors.

Remitly Global Trading Up 25.9%

The company has a market cap of $3.58 billion, a P/E ratio of 55.29 and a beta of 0.11. The firm’s 50 day moving average price is $13.77 and its 200-day moving average price is $15.35.

About Remitly Global

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.