Remitly Global, Inc. (NASDAQ:RELY – Get Free Report) Director Joshua Hug sold 5,500 shares of Remitly Global stock in a transaction on Thursday, November 5th. The stock was sold at an average price of $21.43, for a total value of $117,865.00. Following the sale, the director owned 2,642,389 shares in the company, valued at $56,626,396.27. This trade represents a 0.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Joshua Hug also recently made the following trade(s):
- On Tuesday, October 6th, Joshua Hug sold 5,500 shares of Remitly Global stock. The shares were sold at an average price of $23.18, for a total value of $127,490.00.
- On Tuesday, September 8th, Joshua Hug sold 5,500 shares of Remitly Global stock. The stock was sold at an average price of $25.03, for a total value of $137,665.00.
- On Tuesday, August 11th, Joshua Hug sold 5,500 shares of Remitly Global stock. The stock was sold at an average price of $23.65, for a total transaction of $130,075.00.
Remitly Global Trading Up 3.6%
Shares of NASDAQ:RELY traded up $0.77 during midday trading on Friday, reaching $22.32. The company had a trading volume of 3,866,619 shares, compared to its average volume of 2,490,430. The stock has a market cap of $4.72 billion, a P/E ratio of 17.97 and a beta of 0.46. The company’s 50 day moving average price is $23.59 and its 200 day moving average price is $20.71. Remitly Global, Inc. has a 52-week low of $12.08 and a 52-week high of $28.00.
Remitly Global (NASDAQ:RELY – Get Free Report) last posted its quarterly earnings data on Wednesday, November 4th. The financial services provider reported $0.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.15 by $0.15. Remitly Global had a net margin of 16.85% and a return on equity of 33.33%. The business had revenue of $509.84 million during the quarter, compared to the consensus estimate of $507.31 million. During the same quarter last year, the company posted $0.04 earnings per share. The firm’s quarterly revenue was up 21.5% compared to the same quarter last year. Research analysts forecast that Remitly Global, Inc. will post 0.85 EPS for the current fiscal year.
Analyst Ratings Changes
A number of research analysts have recently weighed in on RELY shares. Cantor Fitzgerald increased their target price on shares of Remitly Global from $28.00 to $30.00 and gave the company an “overweight” rating in a research report on Monday, August 10th. Weiss Ratings cut shares of Remitly Global from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, October 30th. The Goldman Sachs Group upped their price objective on Remitly Global from $27.00 to $30.00 and gave the company a “buy” rating in a research note on Thursday, July 9th. Wolfe Research upped their price objective on Remitly Global from $31.00 to $32.00 and gave the company an “outperform” rating in a research note on Tuesday, August 25th. Finally, Citizens Jmp increased their price objective on Remitly Global from $30.00 to $32.00 and gave the company a “market outperform” rating in a report on Thursday, August 6th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $27.78.
View Our Latest Analysis on Remitly Global
Key Stories Impacting Remitly Global
Here are the key news stories impacting Remitly Global this week:
- Positive Sentiment: Remitly reported record third-quarter growth and beat earnings and revenue estimates. Earnings were $0.48 per share versus the Zacks consensus of $0.33, while revenue of $509.8 million topped estimates of $507.3 million. Article: Remitly Global Tops Q3 Earnings and Revenue Estimates
- Positive Sentiment: Management raised its 2026 outlook after the strong quarter, citing AI-driven efficiency, higher transaction volumes and expansion of payment services. It expects fourth-quarter revenue of $531 million to $533 million and outlined high-teens growth for 2027, bolstering the growth outlook. Article: RELY Q3 Earnings Call Highlights Growth and Higher Outlook
- Neutral Sentiment: Remitly’s management will participate in an investor conference and post-earnings webinar on November 9. The events may provide more detail on results and guidance but are not, by themselves, a change to the company’s outlook. Article: Remitly Announces Upcoming Webinar and Investor Conference Participation
- Negative Sentiment: Put-option trading was unusually active, with 2,262 puts purchased—134% above typical volume. This may reflect bearish positioning or hedging, though options activity alone does not establish a clear view of the stock’s direction.
Institutional Investors Weigh In On Remitly Global
Large investors have recently added to or reduced their stakes in the company. BlackRock Inc. purchased a new stake in Remitly Global during the second quarter valued at about $410,752,000. Generation Investment Management LLP bought a new position in Remitly Global during the second quarter worth about $109,637,000. Bank of America Corp DE boosted its position in Remitly Global by 471.7% during the first quarter. Bank of America Corp DE now owns 5,153,726 shares of the financial services provider’s stock worth $80,759,000 after purchasing an additional 4,252,294 shares during the period. Lead Edge Capital Management LLC purchased a new position in shares of Remitly Global in the second quarter worth about $60,232,971. Finally, Dimensional Fund Advisors LP increased its stake in shares of Remitly Global by 12.6% in the first quarter. Dimensional Fund Advisors LP now owns 3,136,288 shares of the financial services provider’s stock worth $49,142,000 after purchasing an additional 350,595 shares in the last quarter. Hedge funds and other institutional investors own 74.25% of the company’s stock.
Remitly Global Company Profile
Remitly Global, Inc is a digital financial services company that enables consumers to send money internationally. Its platform is designed primarily for immigrants and other customers who regularly transfer funds to family and friends in their countries of origin.
Through its mobile application and website, Remitly allows users to initiate cross-border remittances and select delivery options such as bank deposits, mobile-wallet transfers, cash pickup and, in some markets, home delivery.
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