Brokerages Set Remitly Global, Inc. (NASDAQ:RELY) Price Target at $23.70

Remitly Global, Inc. (NASDAQ:RELY) has been assigned an average recommendation of “Moderate Buy” from the twelve brokerages that are presently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, ten have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $22.4444.

A number of research analysts recently commented on the stock. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Remitly Global in a research report on Monday, December 29th. Wall Street Zen raised shares of Remitly Global from a “buy” rating to a “strong-buy” rating in a research note on Saturday. Oppenheimer set a $20.00 price target on shares of Remitly Global in a research note on Thursday. Cantor Fitzgerald reiterated an “overweight” rating on shares of Remitly Global in a report on Thursday. Finally, Citizens Jmp lifted their price objective on Remitly Global from $20.00 to $22.00 and gave the company a “market outperform” rating in a research report on Thursday.

Remitly Global Stock Performance

Shares of Remitly Global stock opened at $17.15 on Wednesday. Remitly Global has a 12 month low of $12.08 and a 12 month high of $25.70. The company has a quick ratio of 2.88, a current ratio of 3.30 and a debt-to-equity ratio of 0.18. The stock has a market cap of $3.61 billion, a PE ratio of 55.32 and a beta of 0.11. The business has a fifty day simple moving average of $13.82 and a 200-day simple moving average of $15.36.

Remitly Global (NASDAQ:RELY) last announced its quarterly earnings data on Wednesday, February 18th. The financial services provider reported $0.19 EPS for the quarter, topping analysts’ consensus estimates of $0.02 by $0.17. The firm had revenue of $442.18 million during the quarter, compared to analyst estimates of $427.27 million. Remitly Global had a return on equity of 8.87% and a net margin of 4.15%.The business’s quarterly revenue was up 25.7% compared to the same quarter last year. During the same period last year, the company posted ($0.03) EPS. On average, sell-side analysts anticipate that Remitly Global will post -0.04 EPS for the current fiscal year.

More Remitly Global News

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

• Positive Sentiment: Q4 results beat expectations — Remitly reported Q4 EPS of $0.19 (vs. ~$0.02 est.), revenue of $442.2M (+25.7% YoY) and Q4 net income, showing a profit swing vs. last year. This is the proximate driver of the rally as it validates operating leverage and margin progress. Remitly Reports Fourth Quarter and Full Year 2025 Results Above Outlook
• Positive Sentiment: Full‑year growth of 29% — Remitly disclosed FY2025 revenue of $1.635B, up 29% year‑over‑year and driven by an active user surge, supporting the case for sustainable scale in its core remittance markets. Remitly Global (RELY) Reports 2025 Revenue Growth of 29% to $1.635B Driven by Active User Surge
• Positive Sentiment: Upgraded FY2026 guidance — Management issued revenue guidance roughly in the $1.9B–$2.0B range and Q1 revenue guidance above consensus (~$436–$438M vs. ~$428M est.), signaling continued double‑digit growth and giving analysts room to raise estimates. That guidance underpins the stock’s move higher. Why Remitly Global Stock Rocketed 30% Higher This Week
• Positive Sentiment: Leadership change seen favorably — The company appointed Sebastian J. Gunningham as CEO; the market treated the management transition as constructive alongside the strong results. Leadership clarity reduces execution risk. Remitly Appoints Sebastian J. Gunningham as Chief Executive Officer
• Positive Sentiment: Analyst support — Citizens Jmp raised its price target to $22 with a market‑outperform stance, which reinforces buy-side momentum and gives technical/psychological support to the rally. Analyst Price Target Raise
• Neutral Sentiment: Earnings‑call materials and transcripts posted — Conference call transcript and slide deck are available for investors digging into unit economics, geographic mix and GTM commentary; these details will shape whether momentum is sustained. Remitly (RELY) Q4 2025 Earnings Call Transcript
• Neutral Sentiment: Market reaction coverage — Multiple outlets note the stock’s 20–30%+ move on the combination of results, guidance and leadership change; that coverage explains the price action but doesn’t add new fundamental information. Why Remitly Global Stock Rocketed 30% Higher This Week

Insider Activity

In related news, Director Ryno Blignaut sold 4,500 shares of the firm’s stock in a transaction that occurred on Tuesday, February 17th. The shares were sold at an average price of $12.89, for a total transaction of $58,005.00. Following the transaction, the director owned 32,576 shares of the company’s stock, valued at approximately $419,904.64. This trade represents a 12.14% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Pankaj Sharma sold 2,000 shares of Remitly Global stock in a transaction that occurred on Wednesday, February 11th. The shares were sold at an average price of $13.70, for a total transaction of $27,400.00. Following the completion of the sale, the insider owned 218,830 shares of the company’s stock, valued at $2,997,971. This trade represents a 0.91% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 54,776 shares of company stock worth $733,574 in the last three months. 7.50% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Torren Management LLC bought a new stake in Remitly Global in the fourth quarter worth $25,000. Cullen Frost Bankers Inc. acquired a new stake in shares of Remitly Global in the fourth quarter worth about $28,000. GAMMA Investing LLC boosted its stake in shares of Remitly Global by 280.2% during the 4th quarter. GAMMA Investing LLC now owns 2,209 shares of the financial services provider’s stock worth $30,000 after acquiring an additional 1,628 shares in the last quarter. Essex Investment Management Co. LLC bought a new stake in shares of Remitly Global during the 3rd quarter worth about $33,000. Finally, HighMark Wealth Management LLC acquired a new position in shares of Remitly Global during the 4th quarter valued at about $35,000. Institutional investors own 74.25% of the company’s stock.

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.