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 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
6 analyst ratings
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









