RemitlyRELY
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
Fund manager confidence
Based on 2025 Q1 regulatory disclosures by fund managers ($100M+ AUM)
174% more first-time investments, than exits
New positions opened: 63 | Existing positions closed: 23
108% more call options, than puts
Call options by funds: $23.9M | Put options by funds: $11.5M
20% more funds holding in top 10
Funds holding in top 10: 5 [Q4 2024] → 6 (+1) [Q1 2025]
18% more repeat investments, than reductions
Existing positions increased: 94 | Existing positions reduced: 80
15% more funds holding
Funds holding: 241 [Q4 2024] → 278 (+37) [Q1 2025]
2.42% more ownership
Funds ownership: 81.14% [Q4 2024] → 83.56% (+2.42%) [Q1 2025]
4% less capital invested
Capital invested by funds: $3.63B [Q4 2024] → $3.49B (-$140M) [Q1 2025]
Research analyst outlook
5 Wall Street Analysts provided 1 year price targets over the past 3 months
5 analyst ratings
Barclays Ramsey El-Assal | 40%upside $27 | Overweight Maintained | 12 May 2025 |
Keybanc Alex Markgraff | 40%upside $27 | Overweight Maintained | 8 May 2025 |
Goldman Sachs Will Nance | 34%upside $26 | Buy Maintained | 8 May 2025 |
Keybanc Philip Gibbs | 24%upside $24 | Overweight Maintained | 23 Apr 2025 |
JMP Securities David Scharf | 65%upside $32 | Market Outperform Reiterated | 10 Apr 2025 |
Financial journalist opinion
Based on 3 articles about RELY published over the past 30 days
