Remitly Global Q4 EPS Forecast Decreased by William Blair

Remitly Global, Inc. (NASDAQ:RELY) – Equities researchers at William Blair cut their Q4 2025 EPS estimates for shares of Remitly Global in a research note issued to investors on Thursday, May 8th. William Blair analyst C. Kennedy now forecasts that the financial services provider will earn $0.02 per share for the quarter, down from their previous forecast of $0.03. William Blair currently has a “Outperform” rating on the stock. The consensus estimate for Remitly Global’s current full-year earnings is ($0.04) per share. William Blair also issued estimates for Remitly Global’s FY2026 earnings at $0.33 EPS.

RELY has been the subject of a number of other research reports. The Goldman Sachs Group increased their price target on Remitly Global from $23.00 to $26.00 and gave the stock a “buy” rating in a research note on Thursday. JMP Securities reaffirmed a “market outperform” rating and set a $32.00 price objective on shares of Remitly Global in a report on Thursday, April 10th. Barclays upped their target price on shares of Remitly Global from $28.00 to $29.00 and gave the stock an “overweight” rating in a research report on Monday, February 24th. BMO Capital Markets lifted their price target on shares of Remitly Global from $27.00 to $32.00 and gave the company an “outperform” rating in a report on Thursday, February 20th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Remitly Global from $21.00 to $30.00 and gave the company an “overweight” rating in a report on Thursday, February 20th. One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $29.13.

Remitly Global Price Performance

RELY opened at $23.86 on Friday. The firm has a market cap of $4.86 billion, a P/E ratio of -125.58 and a beta of 0.16. Remitly Global has a 1-year low of $11.60 and a 1-year high of $27.32. The company has a 50 day simple moving average of $20.41 and a two-hundred day simple moving average of $21.36.

Remitly Global (NASDAQ:RELY) last issued its quarterly earnings data on Wednesday, May 7th. The financial services provider reported $0.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.09. The firm had revenue of $361.62 million during the quarter, compared to the consensus estimate of $347.81 million. Remitly Global had a negative net margin of 2.93% and a negative return on equity of 6.10%. The company’s revenue for the quarter was up 34.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.11) EPS.

Hedge Funds Weigh In On Remitly Global

Large investors have recently made changes to their positions in the business. Norges Bank purchased a new stake in Remitly Global in the fourth quarter valued at about $66,169,000. Principal Financial Group Inc. raised its position in shares of Remitly Global by 10,213.8% in the 3rd quarter. Principal Financial Group Inc. now owns 2,020,791 shares of the financial services provider’s stock valued at $27,058,000 after purchasing an additional 2,001,198 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its stake in Remitly Global by 1,032.4% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,400,682 shares of the financial services provider’s stock worth $31,614,000 after purchasing an additional 1,276,991 shares in the last quarter. ArrowMark Colorado Holdings LLC grew its position in Remitly Global by 34.4% during the 4th quarter. ArrowMark Colorado Holdings LLC now owns 4,774,069 shares of the financial services provider’s stock worth $107,751,000 after purchasing an additional 1,220,806 shares during the last quarter. Finally, Marshall Wace LLP increased its stake in Remitly Global by 146.4% during the 4th quarter. Marshall Wace LLP now owns 1,570,935 shares of the financial services provider’s stock valued at $35,456,000 after purchasing an additional 933,253 shares in the last quarter. 74.25% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, insider Ankur Sinha sold 5,000 shares of Remitly Global stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $19.01, for a total value of $95,050.00. Following the transaction, the insider now owns 397,805 shares of the company’s stock, valued at $7,562,273.05. The trade was a 1.24 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Matthew B. Oppenheimer sold 14,583 shares of the stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $19.31, for a total transaction of $281,597.73. Following the sale, the chief executive officer now directly owns 4,329,513 shares of the company’s stock, valued at $83,602,896.03. The trade was a 0.34 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 77,301 shares of company stock valued at $1,560,012. Corporate insiders own 8.10% of the company’s stock.

About Remitly Global

Remitly Global, Inc provides digital financial services for immigrants and their families. It primarily offers cross-border remittance services in approximately 170 countries. The company was incorporated in 2011 and is headquartered in Seattle, Washington.