Remitly Global’s (RELY) “Overweight” Rating Reiterated at Cantor Fitzgerald

Posted by Stanley Muller on Nov 9th, 2026

Remitly Global (NASDAQ:RELY – Get Free Report)‘s stock had its “overweight” rating reiterated by research analysts at Cantor Fitzgerald in a research report issued to clients and investors on Monday, Benzinga reports. They currently have a $30.00 price objective on the financial services provider’s stock. Cantor Fitzgerald‘s price target points to a potential upside of 34.41% from the company’s current price.

A number of other brokerages also recently weighed in on RELY. Citigroup reaffirmed an “outperform” rating on shares of Remitly Global in a research note on Thursday, August 6th. Weiss Ratings cut shares of Remitly Global from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, October 30th. Zacks Research lowered shares of Remitly Global from a “strong-buy” rating to a “hold” rating in a report on Monday, October 5th. Wolfe Research raised their price objective on shares of Remitly Global from $31.00 to $32.00 and gave the company an “outperform” rating in a research report on Tuesday, August 25th. Finally, Wall Street Zen cut shares of Remitly Global from a “buy” rating to a “hold” rating in a research report on Saturday. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, Remitly Global currently has a consensus rating of “Moderate Buy” and a consensus price target of $27.78.

View Our Latest Stock Analysis on Remitly Global

Remitly Global Price Performance

Shares of NASDAQ RELY opened at $22.32 on Monday. The firm has a market capitalization of $4.72 billion, a P/E ratio of 13.53 and a beta of 0.46. The stock’s 50-day simple moving average is $23.59 and its two-hundred day simple moving average is $20.71. Remitly Global has a twelve month low of $12.08 and a twelve month high of $28.00.

Remitly Global (NASDAQ:RELY – Get Free Report) last released its quarterly earnings results on Wednesday, November 4th. The financial services provider reported $0.30 earnings per share for the quarter, beating the consensus estimate of $0.15 by $0.15. The firm had revenue of $509.84 million for the quarter, compared to analysts’ expectations of $507.31 million. Remitly Global had a return on equity of 35.56% and a net margin of 19.14%. The company’s revenue was up 21.5% compared to the same quarter last year. During the same quarter last year, the firm posted $0.04 EPS. As a group, research analysts anticipate that Remitly Global will post 0.85 EPS for the current fiscal year.

Insider Transactions at Remitly Global

In other news, Director Nigel Morris sold 20,000 shares of the stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $26.26, for a total transaction of $525,200.00. Following the transaction, the director directly owned 1,831,056 shares in the company, valued at approximately $48,083,530.56. This represents a 1.08% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Pankaj Sharma sold 21,000 shares of the stock in a transaction dated Friday, August 28th. The shares were sold at an average price of $26.39, for a total value of $554,190.00. Following the transaction, the insider owned 716,022 shares in the company, valued at $18,895,820.58. This trade represents a 2.85% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 315,118 shares of company stock worth $7,769,632. Company insiders own 6.53% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. BlackRock Inc. purchased a new position in shares of Remitly Global during the second quarter worth approximately $410,752,000. Generation Investment Management LLP purchased a new stake in shares of Remitly Global in the 2nd quarter valued at $109,637,000. Bank of America Corp DE boosted its stake in shares of Remitly Global by 471.7% in the 1st quarter. Bank of America Corp DE now owns 5,153,726 shares of the financial services provider’s stock valued at $80,759,000 after purchasing an additional 4,252,294 shares in the last quarter. Lead Edge Capital Management LLC purchased a new stake in shares of Remitly Global in the 2nd quarter valued at $60,232,971. Finally, Assenagon Asset Management S.A. bought a new position in shares of Remitly Global during the 3rd quarter valued at $31,985,000. 74.25% of the stock is currently owned by institutional investors.

Remitly Global Company Profile

(Get Free Report)

Remitly Global, Inc operates a digital financial services platform focused on international money transfers. Through its website and mobile app, customers can send money across borders, with delivery options that may include bank deposits, mobile wallets, cash pickup, and home delivery, depending on the destination.

The company serves customers sending money from markets in North America, Europe, and the Asia-Pacific region to recipients around the world. Its services are designed in particular for people sending funds to family and other recipients in their countries of origin.

Founded in 2011, Remitly is headquartered in Seattle, Washington.