Remitly Global (RELY) – Research Analysts’ Weekly Ratings Changes

A number of firms have modified their ratings and price targets on shares of Remitly Global (NASDAQ: RELY) recently:

• 11/10/2026 – Remitly Global had its “overweight” rating reaffirmed by KeyCorp.
• 11/9/2026 – Remitly Global had its “overweight” rating reaffirmed by Cantor Fitzgerald. They now have a $30.00 price target on the stock.
• 11/7/2026 – Remitly Global was downgraded by Wall Street Zen from “buy” to “hold”.
• 10/30/2026 – Remitly Global was downgraded by Weiss Ratings from “buy (b-)” to “hold (c+)”.
• 10/16/2026 – Remitly Global was upgraded by Weiss Ratings from “hold (c+)” to “buy (b-)”.
• 10/5/2026 – Remitly Global was downgraded by Zacks Research from “strong-buy” to “hold”.

Remitly Global Stock Performance

Remitly Global stock traded down $0.49 during midday trading on Tuesday, reaching $23.48. 2,095,661 shares of the stock were exchanged, compared to its average volume of 3,875,263. The firm has a market cap of $4.97 billion, a PE ratio of 14.23 and a beta of 0.46. Remitly Global, Inc. has a 52 week low of $12.08 and a 52 week high of $28.00. The company’s fifty day moving average is $23.54 and its 200-day moving average is $20.76.

Remitly Global (NASDAQ:RELY) last posted its earnings results on Wednesday, November 4th. The financial services provider reported $0.30 EPS for the quarter, topping the consensus estimate of $0.15 by $0.15. Remitly Global had a return on equity of 37.93% and a net margin of 19.14%. The business had revenue of $509.84 million during the quarter, compared to analysts’ expectations of $507.31 million. During the same period in the previous year, the business earned $0.04 earnings per share. The firm’s revenue was up 21.5% on a year-over-year basis. On average, sell-side analysts anticipate that Remitly Global, Inc. will post 0.85 earnings per share for the current fiscal year.

Insider Activity at Remitly Global

In other Remitly Global news, Director Joshua Hug sold 5,500 shares of the business’s stock in a transaction that occurred on Thursday, November 5th. The shares were sold at an average price of $21.43, for a total value of $117,865.00. Following the completion of the transaction, the director owned 2,642,389 shares of the company’s stock, valued at $56,626,396.27. The trade was a 0.21% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Vikas Mehta sold 25,000 shares of the stock in a transaction on Tuesday, August 25th. The stock was sold at an average price of $26.15, for a total transaction of $653,750.00. Following the completion of the transaction, the chief financial officer directly owned 943,735 shares in the company, valued at $24,678,670.25. The trade was a 2.58% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last ninety days, insiders have sold 209,618 shares of company stock valued at $5,266,557. Company insiders own 6.53% of the company’s stock.

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.