Wall Street Zen Upgrades Remitly Global (NASDAQ:RELY) to Strong-Buy

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

Other equities analysts have also issued reports about the stock. The Goldman Sachs Group lifted their price target on shares of Remitly Global from $17.00 to $20.00 and gave the stock a “buy” rating in a report on Thursday. Monness Crespi & Hardt dropped their target price on Remitly Global from $32.00 to $28.00 and set a “buy” rating on the stock in a research note on Thursday, November 6th. JPMorgan Chase & Co. decreased their price target on 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 report on Thursday. Finally, Bank of America assumed coverage on Remitly Global in a research note on Tuesday, February 10th. They set a “buy” rating and a $18.00 price target on the stock. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $22.44.

Remitly Global Stock Performance

RELY stock opened at $17.15 on Friday. The firm has a market cap of $3.61 billion, a price-to-earnings ratio of 55.32 and a beta of 0.11. The firm has a 50-day simple moving average of $13.82 and a two-hundred day simple moving average of $15.36. 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.

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

Insider Buying and Selling at Remitly Global

In other news, insider Pankaj Sharma sold 2,000 shares of the stock in a transaction dated Wednesday, February 11th. The stock was sold at an average price of $13.70, for a total value of $27,400.00. Following the transaction, the insider directly owned 218,830 shares of the company’s stock, valued at approximately $2,997,971. This represents a 0.91% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Joshua Hug sold 40,776 shares of the firm’s stock in a transaction dated 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 owned 3,654,764 shares of the company’s stock, valued at approximately $48,718,004.12. The trade was a 1.10% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 54,776 shares of company stock worth $733,574. 7.50% of the stock is currently owned by insiders.

Institutional Trading of Remitly Global

A number of hedge funds and other institutional investors have recently made changes to their positions in RELY. Baillie Gifford & Co. lifted its position in Remitly Global by 48.2% during the fourth quarter. Baillie Gifford & Co. now owns 11,658,558 shares of the financial services provider’s stock valued at $160,888,000 after purchasing an additional 3,790,210 shares during the period. Marshall Wace LLP lifted its holdings in shares of Remitly Global by 30.4% in the 4th quarter. Marshall Wace LLP now owns 5,995,712 shares of the financial services provider’s stock valued at $82,741,000 after buying an additional 1,396,568 shares during the period. Arrowstreet Capital Limited Partnership boosted 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 worth $90,530,000 after buying an additional 2,567,446 shares during the last quarter. ArrowMark Colorado Holdings LLC grew its holdings in Remitly Global by 46.2% during the third quarter. ArrowMark Colorado Holdings LLC now owns 5,531,247 shares of the financial services provider’s stock worth $90,159,000 after acquiring an additional 1,748,576 shares during the period. Finally, Geode Capital Management LLC grew its holdings in Remitly Global by 1.7% during the fourth quarter. Geode Capital Management LLC now owns 4,149,971 shares of the financial services provider’s stock worth $57,278,000 after acquiring an additional 67,700 shares during the period. Institutional investors and hedge funds own 74.25% of the company’s stock.

Trending Headlines about Remitly Global

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.