Remitly Global (NASDAQ:RELY) Shares Gap Up Following Better-Than-Expected 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 EPS for the quarter, beating analysts’ consensus estimates of $0.02 by $0.17. Remitly Global had a net margin of 1.36% and a return on equity of 3.12%. The business had revenue of $442.18 million during the quarter, compared to analysts’ expectations of $427.27 million. During the same period in the prior year, the business earned ($0.03) earnings per share. The company’s quarterly revenue was up 25.7% compared to the same quarter last year.

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.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on RELY shares. Citigroup reissued an “outperform” rating on shares of Remitly Global in a report on Thursday. Citizens Jmp upped their price objective on Remitly Global from $20.00 to $22.00 and gave the stock a “market outperform” rating in a report on Thursday. The Goldman Sachs Group reaffirmed a “buy” rating on shares of Remitly Global in a report on Thursday. Bank of America assumed coverage on shares of Remitly Global in a research report on Tuesday, February 10th. They issued a “buy” rating and a $18.00 price target on the stock. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of Remitly Global in a research note on Monday, December 29th. Two investment analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $23.60.

Insiders Place Their Bets

In related news, Director Ryno Blignaut sold 4,500 shares of the stock in a transaction dated Wednesday, November 26th. The shares were sold at an average price of $13.25, for a total value of $59,625.00. Following the sale, the director owned 41,576 shares of the company’s stock, valued at $550,882. This trade represents a 9.77% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Pankaj Sharma sold 3,000 shares of the business’s stock in a transaction dated Wednesday, December 10th. The stock was sold at an average price of $15.00, for a total transaction of $45,000.00. Following the sale, the insider owned 220,830 shares in the company, valued at $3,312,450. This trade represents a 1.34% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 54,776 shares of company stock valued at $733,574 over the last quarter. Insiders own 7.50% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in RELY. Torren Management LLC acquired a new stake in Remitly Global during the 4th quarter valued at $25,000. Cullen Frost Bankers Inc. acquired a new stake in Remitly Global during the 4th quarter worth $28,000. GAMMA Investing LLC increased its stake in shares of Remitly Global by 280.2% in the 4th quarter. GAMMA Investing LLC now owns 2,209 shares of the financial services provider’s stock valued at $30,000 after acquiring an additional 1,628 shares during the last quarter. Essex Investment Management Co. LLC bought a new position in shares of Remitly Global during the third quarter worth $33,000. Finally, HighMark Wealth Management LLC acquired a new position in shares of Remitly Global in the 4th quarter valued at approximately $35,000. Institutional investors and hedge funds own 74.25% of the company’s stock.

Remitly Global Stock Performance

The firm has a market capitalization of $3.64 billion, a P/E ratio of 193.38 and a beta of 0.11. The firm’s 50-day moving average is $13.72 and its 200 day moving average is $15.34.

Remitly Global Company Profile

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.