Remitly Global (NASDAQ:RELY) Shares Gap Up After Strong Earnings

Remitly Global, Inc. (NASDAQ:RELY)’s stock price gapped up prior to trading on Thursday after the company announced better than expected quarterly earnings. The stock had previously closed at $13.61, but opened at $16.35. Remitly Global shares last traded at $17.2570, with a volume of 7,721,203 shares traded.

The financial services provider reported $0.19 earnings per share for the quarter, topping analysts’ consensus estimates of $0.02 by $0.17. The business 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 1.36% and a return on equity of 3.12%. The firm’s revenue for the quarter was up 25.7% on a year-over-year basis. During the same period in the previous year, the company earned ($0.03) earnings per share.

Key Headlines Impacting Remitly Global

Here are the key news stories impacting Remitly Global this week:

• Positive Sentiment: Q4 results beat expectations — REMLY reported $0.19 EPS (vs. $0.02 consensus) and revenue of $442.2M (vs. $427.3M consensus), with revenue up ~25.7% year-over-year, signaling accelerating top-line recovery. Read More.
• Positive Sentiment: Company issued FY2026 and Q1 revenue guidance above street expectations (FY revenue ~$1.9B–$2.0B; Q1 revenue ~$436M–$438M), supporting outlook for continued growth. Read More.
• Positive Sentiment: Analyst upgrade / price-target lift — Citizens JMP raised its price target to $22 and a “market outperform” rating, reinforcing buy-side enthusiasm. Read More.
• Positive Sentiment: Leadership change viewed favorably — Remitly named Sebastian J. Gunningham as CEO, a governance move investors often watch closely during strategy execution and turnaround. Read More.
• Neutral Sentiment: Earnings call transcript and analyst preview provide additional color on margin trends, customer metrics and product cadence — useful for investors wanting the management commentary behind the beats and guidance. Read More.
• Negative Sentiment: Insider selling — Director Ryno Blignaut sold 4,500 shares recently, a small disclosure that some investors view as a near-term negative signal (amount is modest relative to holdings). Read More.
• Negative Sentiment: Mixed analyst sentiment remains — while several firms are bullish, others have trimmed targets or maintain cautious ratings, so some uncertainty in consensus upside remains. Read More.

Wall Street Analyst Weigh In

RELY has been the topic of a number of recent analyst reports. Cantor Fitzgerald upgraded Remitly Global to a “strong-buy” rating in a research report on Tuesday, January 27th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Remitly Global in a report on Monday, December 29th. Zacks Research upgraded Remitly Global from a “hold” rating to a “strong-buy” rating in a research note 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 on the stock in a research report on Tuesday, January 20th. Finally, Monness Crespi & Hardt decreased their target price on Remitly Global from $32.00 to $28.00 and set a “buy” rating for the company in a research report on Thursday, November 6th. Two research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $23.60.

Insider Transactions at Remitly Global

In other news, Director Joshua Hug sold 40,776 shares of Remitly Global stock in a transaction that occurred 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 sale, the director directly owned 3,654,764 shares in the company, valued at approximately $48,718,004.12. This trade represents a 1.10% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Ryno Blignaut sold 4,500 shares of Remitly Global stock in a transaction 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 owned 41,576 shares in the company, valued at approximately $550,882. This trade represents a 9.77% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 54,776 shares of company stock worth $733,574. Insiders own 7.50% of the company’s stock.

Institutional Trading of Remitly Global

Hedge funds have recently modified their holdings of the business. Baillie Gifford & Co. boosted its holdings in shares of Remitly Global by 48.2% in the fourth quarter. Baillie Gifford & Co. now owns 11,658,558 shares of the financial services provider’s stock worth $160,888,000 after buying an additional 3,790,210 shares during the last quarter. Marshall Wace LLP increased its stake 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 worth $82,741,000 after purchasing an additional 1,396,568 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its position in Remitly Global by 86.0% during the third quarter. Arrowstreet Capital Limited Partnership now owns 5,554,016 shares of the financial services provider’s stock valued at $90,530,000 after purchasing an additional 2,567,446 shares in 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 valued at $90,159,000 after purchasing 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 valued at $57,278,000 after purchasing an additional 67,700 shares during the period. Institutional investors own 74.25% of the company’s stock.

Remitly Global Price Performance

The firm has a market cap of $3.64 billion, a PE ratio of 193.38 and a beta of 0.11. The business has a 50-day simple moving average of $13.72 and a 200 day simple moving average of $15.34.

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.