Citizens Jmp Increases Remitly Global (NASDAQ:RELY) Price Target to $22.00

Remitly Global (NASDAQ:RELY) had its price target boosted by investment analysts at Citizens Jmp from $20.00 to $22.00 in a report released on Thursday,Benzinga reports. The brokerage presently has a “market outperform” rating on the financial services provider’s stock. Citizens Jmp’s target price suggests a potential upside of 28.28% from the company’s previous close.

Several other equities analysts have also commented on RELY. Bank of America started coverage on shares of Remitly Global in a report on Tuesday, February 10th. They set a “buy” rating and a $18.00 target price on the stock. Zacks Research raised shares of Remitly Global from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 20th. JPMorgan Chase & Co. lowered their price objective on shares of Remitly Global from $23.00 to $22.00 and set an “overweight” rating for the company in a research note on Tuesday, January 20th. Citigroup reissued an “outperform” rating on shares of Remitly Global in a research note on Thursday. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of Remitly Global in a report on Monday, December 29th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $22.44.

Remitly Global Price Performance

Shares of NASDAQ RELY opened at $17.15 on Thursday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 2.88 and a current ratio of 3.30. Remitly Global has a fifty-two week low of $12.08 and a fifty-two week high of $25.70. The stock has a market cap of $3.61 billion, a PE ratio of 55.32 and a beta of 0.11. The stock has a fifty day moving average of $13.82 and a 200-day moving average of $15.36.

Remitly Global (NASDAQ:RELY) last released its quarterly earnings data on Wednesday, February 18th. The financial services provider reported $0.19 EPS for the quarter, beating 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 company had revenue of $442.18 million during the quarter, compared to analyst estimates of $427.27 million. During the same period last year, the business earned ($0.03) earnings per share. Remitly Global’s revenue was up 25.7% compared to the same quarter last year. Equities research analysts anticipate that Remitly Global will post -0.04 earnings per share for the current year.

Insider Activity at Remitly Global

In other Remitly Global news, Director Ryno Blignaut sold 4,500 shares of the company’s stock in a transaction that occurred on Wednesday, November 26th. The shares were sold at an average price of $13.25, for a total transaction of $59,625.00. Following the completion of the sale, the director directly owned 41,576 shares of the company’s stock, valued at approximately $550,882. This represents a 9.77% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Joshua Hug sold 40,776 shares of the company’s stock in a transaction 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 sale, the director owned 3,654,764 shares of the company’s stock, valued at $48,718,004.12. This trade represents a 1.10% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 54,776 shares of company stock valued at $733,574. 7.50% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Torren Management LLC purchased a new position in shares of Remitly Global in the fourth quarter worth $25,000. Cullen Frost Bankers Inc. purchased a new stake in Remitly Global in the 4th quarter worth $28,000. GAMMA Investing LLC boosted its holdings in shares of 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 last quarter. Essex Investment Management Co. LLC bought a new position in shares of Remitly Global during the 3rd quarter valued at about $33,000. Finally, HighMark Wealth Management LLC purchased a new position in shares of Remitly Global during the fourth quarter valued at about $35,000. Institutional investors own 74.25% of the company’s stock.

More Remitly Global News

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

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.