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.
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 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 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.
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.
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 (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.
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.
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 (NASDAQ:RELY) Director Sells $2,373,000.00 in Stock
Remitly Global (NASDAQ:RELY) Director Phillip John Riese sold 100,000 shares of the company's stock for $2,373,000 on August 11th, reducing his ownership by 27.69%. This follows another sale of 160,182 shares for nearly $4.0 million on August 7th. Despite the insider selling, Remitly Global reported strong quarterly results, beating earnings estimates, and analysts maintain a "Moderate Buy" consensus rating with an average price target of $27.67.
Remitly Global (NASDAQ:RELY) Director Sells 160,182 Shares
Remitly Global (NASDAQ:RELY) Director Phillip John Riese sold 160,182 shares at an average price of $24.94, totaling approximately $3.99 million, reducing his direct ownership by over 30%. This follows another sale of 100,000 shares. The company recently reported strong quarterly earnings, beating analyst expectations with $0.93 EPS and $495.16 million in revenue, while analysts generally maintain a "Moderate Buy" rating with an average price target of $27.67.
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.
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.
Remitly Global (RELY) director exercises 370K options, sells 260K shares
Remitly Global (RELY) director Phillip John Riese exercised 370,182 stock options at $0.64 per share and subsequently sold 260,182 common shares in multiple transactions. The sales occurred on August 7 and August 11, 2026, at weighted average prices ranging from $23.69 to $24.94 per share. These transactions resulted in approximately $6.37 million in gross sale proceeds for Riese.
Remitly (RELY) director Nigel Morris sells 8,938 shares in open-market trade
Remitly Global, Inc. director Nigel W. Morris sold 8,938 shares of common stock in an open-market transaction on August 7, 2026, at a weighted average price of $25.43 per share. This sale, ranging from $25.00 to $25.99, leaves Morris with 1,882,056 directly held shares. The transaction was not identified as being part of a Rule 10b5-1 trading plan.
Prosus and Naspers (RELY) report 0% beneficial ownership in Remitly Global
MIH Fintech Investments B.V., Prosus N.V., and Naspers Limited have filed an amended Schedule 13G/A, reporting that they no longer beneficially own any shares of Remitly Global, Inc. common stock, effectively exiting their stake. This "exit filing" indicates they now hold 0 shares and 0.0% beneficial ownership, with no voting or dispositive power. The SEC filing, dated August 11, 2026, confirms their position has fallen below the reportable threshold.
Remitly Global Targets New Growth Beyond Core Remittances With Card, AI Push
Remitly Global is expanding beyond its core remittance business by targeting higher-value transfers, small businesses, and recipients, alongside developing a global card offering. The company is leveraging AI to enhance customer experience, accelerate product development, and improve internal operations. Remitly expects these new initiatives to contribute significantly to revenue, while also evaluating stablecoins for treasury settlements and continuing to balance share repurchases with internal investments.
Bank of America Corp DE Has $80.76 Million Holdings in Remitly Global, Inc. $RELY
Bank of America Corp DE significantly increased its stake in Remitly Global, Inc. (NASDAQ:RELY) during the first quarter, now holding 5.15 million shares valued at $80.76 million. This move is supported by a generally positive analyst outlook, with a "Moderate Buy" rating and an average price target of $27.44. Remitly Global recently reported strong quarterly earnings, surpassing consensus estimates with $0.93 EPS and $495.16 million in revenue, up 20.2% year-over-year.
Cantor raises Remitly stock price target to $30 on guidance boost
Cantor Fitzgerald increased its price target for Remitly Global Inc (NASDAQ:RELY) to $30 from $28, maintaining an Overweight rating, following the company's strong second-quarter performance and revised fiscal 2026 guidance. Remitly boosted its fiscal 2026 revenue and adjusted EBITDA outlook, prompting similar target increases from other firms like Wolfe Research. The stock has seen significant growth, and analysts expect further upside as it currently trades below its Fair Value.
First Trust Advisors LP Sells 68,755 Shares of Remitly Global, Inc. $RELY
First Trust Advisors LP has reduced its stake in Remitly Global, Inc. by 43.6% in the first quarter, selling 68,755 shares but still retaining 88,950 shares valued at approximately $1.394 million. Despite this sale, other institutional investors have increased their holdings, and the company reported strong quarterly results with earnings of $0.93 per share and revenue up 20.2% year over year. Analysts maintain a "Moderate Buy" rating with an average price target of $27.44.
Remitly (RELY) Is Up 7.2% After Strong Q2 Beat And Launch Of Global Multi-Currency Card
Remitly Global, Inc. (RELY) reported strong Q2 2026 results with significantly increased sales and net income, leading to a raised full-year revenue outlook. The company also launched its Remitly Global Card, a multi-currency product, signaling an expansion into broader digital financial services beyond traditional remittances. This strategic move aims to increase revenue per customer, though it also introduces considerations around competitive and regulatory risks.
Remitly Global, Inc. stock Analysis: Q2 Earnings Beat and Warning
Remitly Global, Inc. reported strong Q2 results with revenue up 20.2% to $495.2 million and record adjusted EBITDA of $115 million. Despite this, the stock (RELY) closed lower at $24.42 after hitting an intraday high of $26.28, forming a bearish reversal candle. While the daily trend remains bullish, shorter-term charts show signs of weakening momentum and increased volatility, indicating a conflict between strong fundamentals and technical price action.
Remitly Global (RELY) affiliate files to sell 190,000 NASDAQ shares
An affiliate of Remitly Global (RELY) has filed a Form 144 notice to sell up to 190,000 shares of common stock, valued at $4,926,700, on NASDAQ. The anticipated sale date is August 7, 2026, and these shares represent a small fraction of the 211,684,054 shares outstanding. The filing also details prior open-market purchases and a recent transaction by Nigel W. Morris.
Remitly Global Earnings Call Highlights Growth And Risks
Remitly Global's Q2 earnings call showcased record revenue of $495 million and adjusted EBITDA of $115 million, highlighting strong growth in customer base and transaction volumes. While the company is expanding products and leveraging AI for efficiency, it faces risks from FX volatility, short-term margin pressures, and the need to scale new offerings. Despite these challenges, management provided a positive outlook for continued growth and profitability, forecasting full-year revenue of $1.978 billion–$1.988 billion.
Remitly Global, Inc. Stock 12‑Month Price Target Raised to $30.75, Implies 28% Upside
Remitly Global, Inc.'s average stock price target has increased to $30.75, up from $28.95, according to estimates from 10 analysts. This new target suggests a potential upside of approximately 28% from its August 5th closing price. The consensus rating for RELY remains a "Buy" across 13 covering analysts.
Remitly Global (NASDAQ:RELY) Hits New 12-Month High After Earnings Beat
Remitly Global (NASDAQ:RELY) reached a new 52-week high following an earnings beat, with Q2 revenue up 20.2% to $495.2 million and EPS of $0.93, significantly exceeding analyst estimates. The company reported strong operating momentum, increased its 2026 revenue outlook to $2.0 billion, and analysts maintain a "Moderate Buy" consensus. However, a substantial portion of the profit came from a non-recurring tax benefit, and insiders have sold shares recently.
Remitly Global, Inc. Stock 12‑Month Price Target Raised to $30.75, Implies 28% Upside
Remitly Global, Inc.'s stock price target has been increased from $28.95 to $30.75 by analysts, suggesting a 28% potential upside based on the latest closing price. The consensus rating from 13 analysts remains a "Buy," with no Holds or Sells. Investors can find more detailed price target data and analyst recommendations on TradingView's Forecasts tab and News Flow.
Wolfe Research raises Remitly stock price target on margin expansion
Wolfe Research has increased its price target for Remitly Global Inc (NASDAQ:RELY) to $31 from $28, maintaining an Outperform rating due to anticipated margin expansion and strong growth. The firm raised its 2027 EBITDA estimate to $522 million and justified the 12x EBITDA multiple by the company's consistent growth over 20% and significant market share gains. Remitly recently reported strong Q2 2026 earnings, surpassing analyst expectations with adjusted earnings of $0.93 per share and revenue of $495.2 million, alongside achieving over 10 million quarterly active users.
Remitly Global, Inc. 2026 Q2 - Results - Earnings Call Presentation (NASDAQ:RELY) 2026-08-06
Remitly Global, Inc. (RELY) has published its Q2 2026 earnings call presentation. The company reported an EPS of $1.12, beating estimates by $0.81, and revenue of $495.16 million, a 20.23% year-over-year increase, exceeding expectations by $9.19 million. This article provides access to the slide deck presented during the earnings call.
Earnings Flash (RELY) Remitly Global, Inc. Reports Q2 Revenue $495.2M, vs. FactSet Est of $486.3M
Remitly Global, Inc. (RELY) reported strong Q2 revenue of $495.2 million, surpassing FactSet's estimate of $486.3 million. The company also provided a positive outlook for Q3, projecting revenue in the range of $505.0 million to $507.0 million. This news highlights the company's continued growth in its digital financial services for cross-border communities.
Remitly Crosses 10 Million Quarterly Customers for First Time
Remitly (NASDAQ: RELY) reported record Q2 2026 results, with revenue of $495.2 million, up 20% year over year, and quarterly active customers reaching 10.2 million for the first time. The company also saw Adjusted EBITDA rise 79% to $114.7 million and raised its full-year 2026 revenue and Adjusted EBITDA outlook. These strong results were partially influenced by a significant one-time tax benefit.
Earnings To Watch: Remitly Global Inc (RELY) Q2 2026 -- GF Value Sees 34% Upside
Remitly Global Inc (RELY) is scheduled to release its Q2 2026 earnings on August 5, 2026, with analysts forecasting $485.45 million in revenue and $0.13 earnings per share. Revenue and earnings estimates for both 2026 and 2027 have seen increases over the past 90 days. GuruFocus estimates a 34% upside for RELY, with an average analyst target price suggesting a 20.68% upside from its current price.
Seattle company Remitly taps Coinbase vet for C-suite role
Remitly, a Seattle-based global payments company, has appointed Jeff Lyon, a former Coinbase executive, as its new Chief Information Security Officer. This C-suite addition follows the company's recent naming of a new CEO in February and a reported first-quarter revenue of $452.8 million. The move signals a strengthening of Remitly's leadership team and its focus on security.
Trading the Move, Not the Narrative: (RELY) Edition
This article provides an in-depth analysis of Remitly Global Inc. (NASDAQ: RELY) for traders, highlighting near-term strong sentiment transitioning to mid-term neutrality and long-term positive bias. It details AI-generated trading strategies including position trading, momentum breakout, and risk hedging, complete with entry, target, and stop-loss levels. The analysis also covers multi-timeframe signal strengths and support/resistance levels to guide trading decisions.
