RemitlyRELY
RELY
About: Remitly Global Inc provides integrated financial services to immigrants, including helping customers send money internationally in a quick, reliable, and more cost-effective manner by leveraging digital channels. It supports cross-border transmissions across the globe. The company's revenue is generated on transaction fees charged to customers and foreign exchange spreads between the foreign exchange rate offered to customers and the foreign exchange rate on the company's currency purchases.
Employees: 2,800
0
Funds holding %
of 7,407 funds
0
Analysts bullish %
of 6 analysts
Fund manager confidence
Based on 2024 Q4 regulatory disclosures by fund managers ($100M+ AUM)
116% more first-time investments, than exits
New positions opened: 69 | Existing positions closed: 32
98% more repeat investments, than reductions
Existing positions increased: 95 | Existing positions reduced: 48
77% more call options, than puts
Call options by funds: $17.2M | Put options by funds: $9.72M
74% more capital invested
Capital invested by funds: $2.09B [Q3] → $3.63B (+$1.54B) [Q4]
18% more funds holding
Funds holding: 203 [Q3] → 239 (+36) [Q4]
1.26% more ownership
Funds ownership: 79.88% [Q3] → 81.14% (+1.26%) [Q4]
0% more funds holding in top 10
Funds holding in top 10: 5 [Q3] → 5 (+0) [Q4]
Research analyst outlook
6 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$25
25%
upside
Avg. target
$29
46%
upside
High target
$32
61%
upside
6 analyst ratings
5 positive
83%
1 neutral
17%
0 negative
0%
JMP Securities David Scharf 22% 1-year accuracy 10 / 46 met price target | 61%upside $32 | Market Outperform Reiterated | 10 Apr 2025 |
Goldman Sachs Will Nance 33% 1-year accuracy 15 / 45 met price target | 30%upside $26 | Buy Maintained | 2 Apr 2025 |
Barclays Ramsey El-Assal 39% 1-year accuracy 25 / 64 met price target | 46%upside $29 | Overweight Maintained | 24 Feb 2025 |
JP Morgan Tien-Tsin Huang 53% 1-year accuracy 52 / 98 met price target | 51%upside $30 | Overweight Maintained | 20 Feb 2025 |
BMO Capital Rufus Hone 48% 1-year accuracy 13 / 27 met price target | 61%upside $32 | Outperform Maintained | 20 Feb 2025 |
Financial journalist opinion
Positive
The Motley Fool
19 hours ago
2 Top Bargain Stocks Ready for a Bull Run
Besting the market requires contrarian thinking. When stocks are falling and everyone around you is panicking, that's when you need to exhibit calm behavior and keep a long-term focus for your portfolio.
Positive
Seeking Alpha
2 weeks ago
Remitly Global: Buy This Small-Cap As Growth Will Continue In 2025
Remitly's digital-first approach and AI integration have driven significant growth in revenue, active customers, and operational efficiency, making it a compelling investment. The company has shown impressive international expansion, with 80% growth since 2020. Despite a competitive landscape and potential risks from cryptocurrency and policy changes, Remitly's strong execution and strategic positioning offer a promising outlook.
Positive
Zacks Investment Research
1 month ago
Down -28.08% in 4 Weeks, Here's Why Remitly Global (RELY) Looks Ripe for a Turnaround
Remitly Global (RELY) has become technically an oversold stock now, which implies exhaustion of the heavy selling pressure on it. This, combined with strong agreement among Wall Street analysts in revising earnings estimates higher, indicates a potential trend reversal for the stock in the near term.
Positive
The Motley Fool
1 month ago
2 No-Brainer Hypergrowth Stocks to Buy During This Nasdaq Market Correction
Bear markets can happen quickly. One day, the stock market is trading at all-time highs, and the next thing you know, your portfolio is in a 20% drawdown.
Negative
Benzinga
1 month ago
Spruce Point Capital Is Betting Against Remitly Global Stock, Short Seller Says Shares Could Fall To $9 Amid 'Tectonic Shift' Across Industry
Spruce Point Capital Management has announced a new short position against Remitly Global Inc RELY as the short seller believes there's reason to be skeptical of the company's financial reporting and valuation.
Neutral
Zacks Investment Research
1 month ago
Remitly Global (RELY) Loses -21.87% in 4 Weeks, Here's Why a Trend Reversal May be Around the Corner
Remitly Global (RELY) is technically in oversold territory now, so the heavy selling pressure might have exhausted. This along with strong agreement among Wall Street analysts in raising earnings estimates could lead to a trend reversal for the stock.
Neutral
Seeking Alpha
1 month ago
Remitly Global, Inc. (RELY) Q4 2024 Earnings Call Transcript
Remitly Global, Inc. (NASDAQ:RELY ) Q4 2024 Earnings Conference Call February 19, 2025 5:00 PM ET Company Participants Stephen Shulstein - Vice President of Investor Relations Matt Oppenheimer - Co-Founder and Chief Executive Officer Vikas Mehta - Chief Financial Officer Conference Call Participants Andrew Schmidt - Citigroup Rufus Hone - BMO Chris Kennedy - William Blair Darrin Peller - Wolfe Research Alex Markgraff - KBCM Operator Good day, and thank you for standing by. Welcome to the Remitly's Fourth Quarter 2024 Earnings Conference Call.
Negative
Zacks Investment Research
1 month ago
Remitly Global, Inc. (RELY) Reports Q4 Loss, Tops Revenue Estimates
Remitly Global, Inc. (RELY) came out with a quarterly loss of $0.03 per share versus the Zacks Consensus Estimate of a loss of $0.07. This compares to loss of $0.19 per share a year ago.
Neutral
GlobeNewsWire
1 month ago
Remitly Reports Fourth Quarter and Full Year 2024 Results Above Outlook
Fourth quarter active customers up 32% and revenue up 33% year over year Fourth quarter net loss was $5.7 million and Adjusted EBITDA was $43.7 million
Neutral
GlobeNewsWire
2 months ago
Remitly to Report Fourth Quarter and Full Year 2024 Financial Results on February 19, 2025
SEATTLE, Feb. 05, 2025 (GLOBE NEWSWIRE) -- Remitly Global, Inc. (NASDAQ: RELY) (“Remitly”), a trusted provider of digital financial services that transcend borders, today announced that it will report fourth quarter and full year 2024 financial results after the market close on Wednesday, February 19, 2025. Management will host a conference call and live webcast to present the Company's financial results and answer questions from the financial analyst community at 2:00 p.m. Pacific Time / 5:00 p.m. Eastern Time that same evening. Conference call and webcast information can be found below.
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