Remitly Global stock gains as Q2 revenue rises 20.2 percent
Remitly Global's stock rose 5.05% on October 5, 2026, reaching USD 22.87, following a strong second-quarter performance where revenue increased by 20.2% year over year to USD 495.16 million. The company also raised its fiscal 2026 revenue and adjusted EBITDA guidance, and expanded its services through a partnership with Etsy. Analysts maintain a "Buy" rating with a consensus target of USD 27.78, despite potential risks like transaction-loss volatility and increased marketing spending.
Remitly Global posts 20% revenue growth and hits 10M active customers in Q2 2026 under new CEO.
Remitly Global, Inc. reported strong Q2 2026 results, with revenue growing 20% to $495 million and send volume increasing by 27%. The company now serves over 10 million active customers, driven by new product launches and diversification efforts. Despite competition, Remitly remains profitable, has a solid balance sheet, and its valuation appears attractive.
Remitly’s September Pullback Tests a Still-Strong Growth Story
Remitly (NASDAQ: RELY) experienced a significant stock pullback in September, but its underlying growth story remains strong, driven by a shift to digital remittances and new partnerships with Etsy and D360 Bank. The company reported impressive Q2 2026 revenue growth and increased its full-year outlook, while analysts largely maintain a bullish stance despite warnings of fraud-related losses and increased marketing costs. Investors are left to decide if the recent dip offers a buying opportunity for this fast-growing fintech aiming to become a global financial platform for immigrants.
Remitly Global, Inc. (NASDAQ:RELY) Stock Has Consensus Target Price of $27.78
Remitly Global, Inc. (NASDAQ:RELY) has received a consensus "Buy" rating from analysts, with an average 12-month price target of $27.78, significantly higher than its recent price of $21.34. The company recently reported strong quarterly results, with earnings per share of $0.93 far exceeding estimates and revenue increasing by 20.2% year-over-year. Despite mixed insider trading activity where some directors sold shares, institutional investors and hedge funds hold a substantial 74.25% ownership of the stock.
Remitly Stock Is Down From Its Highs, Can It Deliver Better Returns By 2028?
Remitly (RELY) delivered a strong Q2 2026 with record revenue and adjusted EBITDA, driven by increased send volume and AI-driven productivity gains. Despite the strong performance, the stock trades below its prior highs. TIKR's valuation model projects RELY could reach $27 per share by the end of 2028, representing a 32% total return or about 13% annualized, based on conservative revenue growth and expanding operating margins.
Remitly Global, Inc. (RELY) Stock Forecasts
Argus has issued a "BUY" investment rating for Remitly Global Inc. (RELY), lowering its target price to $24.00. The company's profile includes high industry and growth subratings, medium ratings for management, financial strength, and value, and a low safety subrating. Investors are encouraged to upgrade for access to premium research reports for more detailed insights.
Remitly Global Drops 7.1% Amid Sector-Wide Selling
Remitly Global (RELY) shares fell 7.1% on Wednesday, closing at $19.76, as a broad selloff impacted the software infrastructure sector. Two of its peers, CHYM and PAY, also experienced significant drops, suggesting broader concerns within the sector rather than company-specific issues for Remitly. Investors are advised to monitor whether this sector weakness continues or is a temporary shakeout.
Citizens reiterates Remitly stock rating on strong user growth
Citizens has reaffirmed its Market Outperform rating and $32.00 price target for Remitly Global Inc. (NASDAQ:RELY), citing the company's strong top-line growth and user engagement. The firm notes increased user migration to the app and a growing share of large-dollar senders, leading to robust active user growth of 20% year-over-year. Remitly recently surpassed Q2 2026 earnings and revenue expectations, with analysts like Cantor Fitzgerald and Wolfe Research also raising price targets, reflecting confidence in the company's financial performance and growth trajectory.
Remitly Global Inc (NASDAQ:RELY) Screens for High Growth as Earnings Revisions and Cash Flow Strengthen
Remitly Global Inc (NASDAQ:RELY) has been identified as a high-growth stock by a screen based on Louis Navellier's "Little Book That Makes You Rich" methodology. The company demonstrates strong financial performance across key metrics, including positive earnings revisions, significant earnings surprises, robust sales and operating margin growth, and excellent cash flow and return on equity. While some extreme percentages are noted due to small base measurements, the overall trend indicates consistent improvement, making RELY an interesting prospect for growth investors, despite some risks like its short public history and average profitability rating.
Remitly (NASDAQ: RELY) director lines up new share sale after large July trades
Remitly Global, Inc. (NASDAQ: RELY) director Joshua D. Hug has filed a Form 144 notice to sell 5,500 shares of Remitly common stock, valued at approximately $136,565.00, with an expected sale date of September 9, 2026. These shares were acquired from previously exercised stock options in 2018. The filing also highlights significant prior sales made by Hug under a 10b5-1 sales plan in June and July 2026, including trades worth over $9 million and $7 million respectively.
Remitly Global (RELY) director’s family trust holds 300,000 shares
Remitly Global, Inc. director Joshua Hug sold a total of 11,000 shares of common stock through open-market transactions on September 8 and 9, 2026, under a pre-arranged Rule 10b5-1 trading plan. The filing also disclosed that Hug indirectly holds 300,000 shares of common stock through a family trust, for which his spouse serves as trustee.
Director at Remitly Global (RELY) lines up another stock sale
Remitly Global (RELY) director Joshua D. Hug has filed a Rule 144 notice to sell 5,500 shares of common stock, valued at approximately $143,935. This follows several substantial sales under a 10b5-1 plan in recent months, including large blocks sold in June and July 2026. The shares originate from previously exercised stock options acquired in 2018.
Remitly Chief Business Officer Sells 21,000 Shares for $554,000
Pankaj Sharma, Chief Business Officer at Remitly Global, sold 21,000 shares of the company's common stock for $554,000 on August 28, 2026. This transaction was part of a predetermined Rule 10b5-1 trading plan established in November 2025 and is considered routine, as Sharma retains a significant stake in the company and the stock has performed strongly.
Remitly director Nigel Morris sells $170,289 in stock
Remitly Global director Nigel W. Morris sold 6,300 shares of company stock for $170,289 on September 2, 2026. The sale occurred near the stock's 52-week high after a 95% year-to-date surge, though analysts suggest further upside potential. This comes as Remitly reported strong Q2 2026 earnings, exceeding expectations and leading to increased price targets from Cantor Fitzgerald and Wolfe Research.
Remitly (RELY) Stock May Be Overvalued With Little Room For Error
Remitly Global (RELY) has seen significant stock growth this year, but current valuations suggest it may be overvalued. The stock's P/E ratio of 18.6x is above its tailored fair P/E of 12.0x, indicating investors are paying a premium and leaving little room for disappointment. While some community narratives suggest it's undervalued, Simply Wall St's analysis indicates the stock is priced for an upbeat scenario with limited cushion.
Remitly Global, Inc. (RELY) Hit a 52 Week High, Can the Run Continue?
Remitly Global, Inc. (RELY) recently hit a new 52-week high, with its stock up 11.4% over the past month and 94.4% year-to-date. The company has consistently beaten earnings estimates, reporting strong EPS and revenue growth expectations for both the current and next fiscal year. With a Zacks Rank of #2 (Buy) and favorable valuation metrics for growth and momentum, the stock appears poised for continued gains, despite trading at a premium compared to its industry peers.
Remitly Global Inc stock hits 52-week high at 27.15 USD
Remitly Global Inc. (RELY) stock reached a new 52-week high of $27.15, propelled by an 86% year-to-date surge and a nearly 52% gain in the past six months. Analysts have raised price targets following better-than-expected Q2 2026 earnings, with the company reporting profitability, strong revenue growth, and over 10 million active users. InvestingPro suggests potential upside as the stock trades below its Fair Value.
Remitly Global Inc stock hits 52-week high at 27.15 USD
Remitly Global Inc. (RELY) stock has reached a new 52-week high of $27.15, driven by an 86% year-to-date surge and impressive six-month gains. The company also reported strong Q2 2026 earnings, exceeding Wall Street expectations for both profit and revenue, leading analysts to raise their price targets. Despite the recent gains, InvestingPro analysis suggests the stock still trades below its fair value, indicating potential for further upside.
Remitly Global Inc stock hits 52-week high at 27.15 USD
Remitly Global Inc. (RELY) has reached a new 52-week high of $27.15, driven by an 86% year-to-date surge and a nearly 52% gain over six months, with InvestingPro indicating potential for further upside as the stock trades below its Fair Value. The company has become profitable, evidenced by upward revisions in earnings estimates from three analysts and robust 24% revenue growth. Recent Q2 2026 earnings significantly surpassed expectations, leading to increased price targets from Cantor Fitzgerald and Wolfe Research.
Remitly Global (RELY) Q1 2026 Earnings: Results, Market Reaction & History
Remitly Global (RELY) reported mixed Q1 2026 earnings, missing EPS estimates at $0.23 but exceeding revenue expectations with $452.8 million. The company showcased strong profitability growth, with Adjusted EBITDA climbing 74% year-over-year due to AI-driven efficiencies and cost management. Management also raised its full-year 2026 revenue outlook to $1.96 billion to $1.98 billion, anticipating continued profitable expansion.
Remitly CBO Pankaj Sharma sells $554k in company stock
Pankaj Sharma, Chief Business Officer at Remitly Global, Inc. (NASDAQ:RELY), sold 21,000 shares of company stock worth $554,190 on August 28, 2026, as part of a pre-arranged trading plan. This sale occurred while Remitly shares were near their 52-week high, having seen significant gains. The company recently reported strong Q2 2026 earnings, leading to increased price targets from analysts.
Are You Looking for a Top Momentum Pick? Why Remitly Global, Inc. (RELY) is a Great Choice
Remitly Global, Inc. (RELY) has been identified as a strong momentum pick due to its "Strong Buy" Zacks Rank and "A" Momentum Style Score. The article highlights RELY's impressive short-term and long-term price performance, outperforming both its industry and the S&P 500. Additionally, positive earnings estimate revisions further reinforce its promising outlook for investors seeking near-term growth.
Are You Looking for a Top Momentum Pick? Why Remitly Global, Inc. (RELY) is a Great Choice
Remitly Global, Inc. (RELY) is identified as a strong momentum pick due to its high Zacks Momentum Style Score of 'A' and a Zacks Rank of #1 (Strong Buy). The article highlights RELY's impressive short-term and long-term price performance, outperforming both its industry and the S&P 500. Positive earnings estimate revisions further reinforce its promising outlook for investors seeking near-term growth.
NIGEL MORRIS Implements A Sell Strategy: Offloads $611K In Remitly Global Stock
NIGEL MORRIS, a Director at Remitly Global (NASDAQ: RELY), sold 23,249 shares of the company's stock, valued at $611,395, according to a recent SEC filing. The article details Remitly Global's financial performance, including revenue growth, gross margin, EPS, and debt management, and discusses the significance of insider transactions for investors. Remitly Global provides digital financial services, primarily international money transfers for immigrants.
Remitly director Nigel Morris sells $611,395 in company stock
Remitly Global, Inc. director Nigel W. Morris recently sold $611,395 worth of company stock over two days in mid-August 2026. Despite the insider sale, Remitly shares have surged 82% year-to-date, and analysts maintain positive ratings and increased price targets following strong Q2 2026 earnings and user growth. The stock is considered undervalued by InvestingPro analysis.
Remitly director Nigel Morris sells $611,395 in company stock By Investing.com
Remitly Global, Inc. director Nigel W. Morris recently sold $611,395 worth of company stock over two days in mid-August. This insider sale follows a significant 82% surge in Remitly shares year-to-date and positive recent earnings reports that exceeded Wall Street expectations, leading to increased price targets from analysts.
ETFs Investing in Remitly Global, Inc. Stocks
This article lists various Exchange Traded Funds (ETFs) that hold Remitly Global, Inc. (RELY) stocks. It provides a detailed table including each ETF's market value, weight of RELY stock, issuer, management style, focus, expense ratio, assets under management (AUM), price, change percentage, relative volume, and 3-year NAV total return. The ETFs predominantly focus on small-cap or extended market segments, offering investors diversified exposure to RELY along with other companies.
Remitly Global (RELY) director sells 23K shares around $26
Remitly Global director Nigel W. Morris reported selling a total of 23,249 shares of common stock in two open-market transactions on August 17 and August 18, 2026. The shares were sold at weighted average prices of $26.26 and $26.53, respectively, totaling approximately $611,000. These transactions were reported via a Form 4 SEC filing and were not identified as being made under a Rule 10b5-1 trading arrangement.
Remitly Global Director Sold Shares Worth Over $611K
Nigel W. Morris, a Director at Remitly Global (RELY), sold shares of common stock totaling $611,395 across two transactions on August 17 and August 18, 2026. The sales involved 20,000 shares at a weighted average price of $26.26 and 3,249 shares at $26.53. Following these transactions, Morris directly owns 1,827,807 shares.
Why Remitly Global (RELY) Is Up 13.7% After Raising 2026 Guidance And Beating Q2 Targets
Remitly Global (RELY) saw a 13.7% stock increase after reporting strong Q2 2026 results, with sales reaching US$495.16 million and net income at US$205.91 million. The company raised its 2026 revenue outlook to US$1.98 billion and projected further net income growth, leading to an analyst rating upgrade and revised earnings estimates. While the improved guidance strengthens the short-term investment narrative, investors are cautioned to consider risks like pricing pressure and regulatory complexities.
Remitly Global Inc (RELY) Shares Fall 3.3% -- What GF Score of 73 Tells Investors
Remitly Global Inc (RELY) shares fell 3.3% to $25.43, and are considered overvalued with a GF Value™ of $24.32, despite a strong year-to-date increase of 84.3%. The company has a GF Score™ of 73/100, indicating above-average performance, primarily driven by strong growth potential (10/10) but tempered by weak momentum (1/10) and significant insider selling totaling $233.2 million, which raises caution for investors.
Why Remitly Global (RELY) Is Up 13.7% After Raising 2026 Guidance And Beating Q2 Targets
Remitly Global (RELY) saw its stock rise by 13.7% after announcing strong Q2 2026 results, surpassing analyst expectations, and subsequently increasing its 2026 revenue guidance to approximately US$1.98 billion with projected net income growth. This positive performance has led to an analyst rating upgrade and significant upward revisions in earnings estimates. The article highlights that while these developments strengthen the near-term earnings outlook, investors should remain aware of potential risks such as pricing pressure, compliance costs, and challenges in new product execution.
Remitly Global Director Sold Shares Worth Over $805K
Nigel W Morris, a Director at Remitly Global, reported selling 31,000 shares of common stock across two transactions on August 13 and August 14, 2026. These sales generated a total of $805,490. Following these transactions, Morris directly owns 1,851,056 shares of Remitly common stock.
Remitly (RELY) director sells 31,000 shares in mid‑$20s trades
Remitly Global, Inc. director Nigel W. Morris sold a total of 31,000 shares of company common stock over two days, August 13 and August 14, 2026. The sales were conducted in open-market or private transactions at weighted average prices in the mid-$20s per share. These transactions were not executed under a Rule 10b5-1 trading plan.
Surging Earnings Estimates Signal Upside for Remitly Global (RELY) Stock
Remitly Global (RELY) is showing significant upside potential due to remarkably improving earnings estimates, driven by analysts raising their forecasts. The company holds a Zacks Rank #1 (Strong Buy), indicating strong correlation between its earnings estimate revisions and potential stock price movements. With substantial increases in both current-quarter and full-year EPS estimates, investors may consider adding RELY to their portfolios to capitalize on its growth prospects.
State of Wyoming Buys New Shares in Remitly Global, Inc. $RELY
The State of Wyoming acquired 41,712 shares of Remitly Global, Inc. (NASDAQ:RELY) during the second quarter, valued at approximately $935,000. This comes as Remitly Global reported strong quarterly results, beating earnings estimates and showing a 20.2% year-over-year revenue increase. Despite significant institutional ownership, company insiders have recently sold over 480,000 shares worth $11.24 million.
The Top 5 Analyst Questions From Remitly’s Q2 Earnings Call
Remitly reported strong Q2 results, exceeding Wall Street expectations with significant growth in revenue, EPS, and active customers. The company also raised its full-year revenue and EBITDA guidance. Analysts focused on new initiatives, marketing investments for high-value senders, the sustainability of AI-driven productivity gains, receiver product differentiation, and the future growth of accelerators.
Remitly director Phillip Riese sells $1.64m in shares
Remitly director Phillip Riese recently sold approximately $1.64 million worth of common stock after exercising options for a much lower price. These transactions occurred after Remitly's shares had surged over 100% in the past six months, though the company is still considered undervalued by some analyses. This sale follows strong Q2 2026 earnings and positive analyst outlooks for Remitly.
Remitly Global (NASDAQ:RELY) Director Phillip John Riese Sells 69,818 Shares
Remitly Global (NASDAQ:RELY) Director Phillip John Riese sold 69,818 shares of the company's stock for approximately $1.64 million, reducing his position by 21.1%. This sale follows two earlier transactions totaling around $8.01 million. Remitly shares have seen a 5.7% increase, trading near their 52-week high, and the company recently surpassed analyst expectations for both revenue and EPS in its latest earnings report.
Remitly Global (RELY) director Hug sells 11,000 shares under Rule 10b5-1 plan
Remitly Global, Inc. director Joshua Hug sold a total of 11,000 shares of common stock over two days, August 11 and 12, 2026, under a pre-arranged Rule 10b5-1 trading plan. The sales, executed at weighted average prices of $23.65 and $23.84, were reported in a Form 4 SEC filing. Following these transactions, Hug indirectly holds 300,000 shares through a family trust.
Remitly Global, Inc. (RELY) director exercises options, sells 69,818 shares
Remitly Global, Inc. (RELY) director Phillip John Riese exercised stock options for 69,818 shares at $0.64 per share and immediately sold them in two open-market transactions for weighted average prices of $23.54 and $23.55 per share. The total gross sale proceeds were approximately $1.64 million, with an estimated pre-tax spread of $1.60 million. Following these transactions, Riese holds 261,094 shares of common stock directly, with zero derivative shares remaining from this option.
Remitly Global (NASDAQ:RELY) Director Sells $130,075.00 in Stock
Remitly Global Director Joshua Hug sold 5,500 shares of the company's stock for $130,075 on August 11th, reducing his holdings by 0.21%. This transaction occurred under a pre-arranged Rule 10b5-1 trading plan. The company recently reported strong quarterly results, with earnings significantly exceeding consensus estimates and revenue up 20.2% year-over-year, while analysts maintain a "Moderate Buy" rating with an average price target of $27.67.
Is Remitly Global Inc (RELY) Overvalued After 5.7% Rally? GF Val
Remitly Global Inc (RELY) shares rallied 5.7% but are considered 5.6% overvalued by GuruFocus' GF Value™ at $25.62, compared to an intrinsic value of $24.26. Despite a strong GF Score™ of 74/100, high growth rank, and strong financial strength, the stock shows a weaker profitability rank and significant insider selling, with no reported insider buying. Investors are advised to exercise caution due to the overvaluation and mixed sentiment from gurus and insiders.
Remitly's Send Volume Is Growing Nearly Twice as Fast as Its Customer Count. That Gap Is the Whole Investment Case.
Remitly Global is demonstrating strong financial performance, with its total revenue growing significantly faster than its customer base, leading to explosive bottom-line growth. The company, which facilitates cross-border payments, saw customer count grow 20% year over year in Q1 and Q2 2026, while EBITDA improved by 79% in Q2. Analysts predict continued substantial growth for Remitly in the expanding global remittance market, driven by its scalable digital platform and superior product offerings.
Large 10b5-1 stock sales and new Form 144 filed for RELY (NASDAQ: RELY)
A shareholder of Remitly Global, Inc. (NASDAQ: RELY) has filed a Form 144 to sell 5,500 shares of common stock on August 12, 2026, valued at $129,855. These shares originate from previously exercised stock options. The filing also details numerous prior sales executed under a Rule 10b5-1 plan between May and August 2026, involving significant share volumes and monetary values.
Remitly Global, Inc. (NASDAQ:RELY) Given Average Recommendation of "Moderate Buy" by Brokerages
Remitly Global (NASDAQ:RELY) has received an average "Moderate Buy" recommendation from brokerages, with an average 12-month price target of $27.67. This follows strong quarterly results where the company exceeded earnings and revenue estimates. Despite this bullish sentiment and positive price performance, notable insider selling has occurred in the past three months.
Remitly Global, Inc. $RELY Shares Purchased by Quantinno Capital Management LP
Quantinno Capital Management LP significantly increased its stake in Remitly Global, Inc. (NASDAQ:RELY) by 76.7% in the first quarter, now owning 119,963 shares valued at approximately $1.88 million. This comes as institutional investors collectively hold 74.25% of RELY's stock. Despite recent insider selling, Remitly reported strong quarterly earnings with EPS of $0.93, far exceeding estimates, and a 20.2% rise in revenue, maintaining a "Moderate Buy" consensus rating among analysts.
Remitly global director Riese sells $6.3m of stock
Phillip John Riese, a director at Remitly Global Inc. (NASDAQ:RELY), sold common stock worth over $6.3 million between August 7 and August 11, 2026. This divestment occurred while Remitly shares experienced an 85% surge in the past six months and were deemed undervalued by InvestingPro analysis. Concurrently, Riese exercised stock options to acquire 370,182 shares for $236,916, indicating a strategic move to realize gains from vested options.
Remitly global director Nigel Morris sells $227,293 in stock
Nigel W. Morris, a director at Remitly Global Inc. (NASDAQ:RELY), sold 8,938 shares of the company’s common stock for $227,293 on August 7, 2026, with shares sold at an average price of $25.43. This sale follows a significant 85% surge in Remitly shares over the past six months and strong Q2 2026 earnings that surpassed Wall Street expectations. Analysts at Cantor Fitzgerald and Wolfe Research have raised their price targets for Remitly, citing impressive revenue growth and margin expansion.
Nigel Morris Sells 8,938 Shares of Remitly Global (NASDAQ:RELY) Stock
Nigel Morris, a director at Remitly Global (NASDAQ:RELY), sold 8,938 shares of the company's stock for over $227,000 on August 7th, retaining 1.88 million shares. This transaction followed a strong earnings report where Remitly exceeded EPS and revenue expectations. The company currently holds a "Moderate Buy" consensus rating from analysts with an average price target of $27.67.
