Latest news with #RELY
Business Insider
06-06-2025
- Business
- Business Insider
Remitly Global (RELY) Gets a Buy from BMO Capital
In a report released today, Rufus Hone from BMO Capital reiterated a Buy rating on Remitly Global (RELY – Research Report), with a price target of $30.00. The company's shares closed today at $20.88. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter According to TipRanks, Hone is a 4-star analyst with an average return of 10.6% and a 68.22% success rate. Hone covers the Financial sector, focusing on stocks such as PayPal Holdings, Mastercard, and Visa. Remitly Global has an analyst consensus of Strong Buy, with a price target consensus of $28.43, representing a 36.16% upside. In a report released on June 2, Barclays also maintained a Buy rating on the stock with a $27.00 price target. The company has a one-year high of $27.32 and a one-year low of $11.60. Currently, Remitly Global has an average volume of 2.66M. Based on the recent corporate insider activity of 97 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of RELY in relation to earlier this year. Last month, Luke Tavis, the CAO of RELY sold 970.00 shares for a total of $21,660.10.
Yahoo
08-05-2025
- Business
- Yahoo
Remitly (NASDAQ:RELY) Surprises With Q1 Sales But Quarterly Revenue Guidance Slightly Misses Expectations
Online money transfer platform Remitly (NASDAQ:RELY) beat Wall Street's revenue expectations in Q1 CY2025, with sales up 34.4% year on year to $361.6 million. On the other hand, next quarter's revenue guidance of $384 million was less impressive, coming in 0.9% below analysts' estimates. Its GAAP profit of $0.05 per share was significantly above analysts' consensus estimates. Is now the time to buy Remitly? Find out in our full research report. Remitly (RELY) Q1 CY2025 Highlights: Revenue: $361.6 million vs analyst estimates of $347.5 million (34.4% year-on-year growth, 4.1% beat) EPS (GAAP): $0.05 vs analyst estimates of -$0.02 (significant beat) Adjusted EBITDA: $58.43 million vs analyst estimates of $39.15 million (16.2% margin, 49.2% beat) The company slightly lifted its revenue guidance for the full year to $1.58 billion at the midpoint from $1.57 billion EBITDA guidance for the full year is $202.5 million at the midpoint, above analyst estimates of $196.9 million Operating Margin: 3.4%, up from -7.4% in the same quarter last year Free Cash Flow Margin: 32.1%, up from 15% in the previous quarter Active Customers: 8 million, up 1.79 million year on year Market Capitalization: $4.32 billion 'We delivered an outstanding start to the year, significantly exceeding our expectations for the first quarter,' said Matt Oppenheimer, co-founder and Chief Executive Officer, Remitly. Company Overview With Amazon founder Jeff Bezos as an early investor, Remitly (NASDAQ:RELY) is an online platform that enables consumers to safely and quickly send money globally. Sales Growth A company's long-term sales performance is one signal of its overall quality. Any business can put up a good quarter or two, but many enduring ones grow for years. Thankfully, Remitly's 39.1% annualized revenue growth over the last three years was incredible. Its growth surpassed the average consumer internet company and shows its offerings resonate with customers, a great starting point for our analysis. Remitly Quarterly Revenue This quarter, Remitly reported wonderful year-on-year revenue growth of 34.4%, and its $361.6 million of revenue exceeded Wall Street's estimates by 4.1%. Company management is currently guiding for a 25.3% year-on-year increase in sales next quarter. Looking further ahead, sell-side analysts expect revenue to grow 22% over the next 12 months, a deceleration versus the last three years. Despite the slowdown, this projection is noteworthy and implies the market is baking in success for its products and services. Unless you've been living under a rock, it should be obvious by now that generative AI is going to have a huge impact on how large corporations do business. While Nvidia and AMD are trading close to all-time highs, we prefer a lesser-known (but still profitable) stock benefiting from the rise of AI. Click here to access our free report one of our favorites growth stories.
Yahoo
10-04-2025
- Business
- Yahoo
3 Reasons We Love Remitly (RELY)
Remitly has been on fire lately. In the past six months alone, the company's stock price has rocketed 59.9%, reaching $20.29 per share. This was partly due to its solid quarterly results, and the run-up might have investors contemplating their next move. Is now still a good time to buy RELY? Or is this a case of a company fueled by heightened investor enthusiasm? Find out in our full research report, it's free. With Amazon founder Jeff Bezos as an early investor, Remitly (NASDAQ:RELY) is an online platform that enables consumers to safely and quickly send money globally. As a fintech company, Remitly generates revenue growth by increasing both the number of users on its platform and the number of transactions they execute. Over the last two years, Remitly's active customers, a key performance metric for the company, increased by 39.9% annually to 7.78 million in the latest quarter. This growth rate is among the fastest of any consumer internet business and indicates its offerings have significant traction. Analyzing the change in earnings per share (EPS) shows whether a company's incremental sales were profitable – for example, revenue could be inflated through excessive spending on advertising and promotions. Remitly's full-year EPS flipped from negative to positive over the last three years. This is a good sign and shows it's at an inflection point. Free cash flow isn't a prominently featured metric in company financials and earnings releases, but we think it's telling because it accounts for all operating and capital expenses, making it tough to manipulate. Cash is king. As you can see below, Remitly's margin expanded by 19.3 percentage points over the last few years. This is encouraging, and we can see it became a less capital-intensive business because its free cash flow profitability rose more than its operating profitability. Remitly's free cash flow margin for the trailing 12 months was 14.9%. These are just a few reasons why we're bullish on Remitly, and with the recent rally, the stock trades at 22.4× forward EV-to-EBITDA (or $20.29 per share). Is now the time to buy despite the apparent froth? See for yourself in our in-depth research report, it's free. The market surged in 2024 and reached record highs after Donald Trump's presidential victory in November, but questions about new economic policies are adding much uncertainty for 2025. While the crowd speculates what might happen next, we're homing in on the companies that can succeed regardless of the political or macroeconomic environment. Put yourself in the driver's seat and build a durable portfolio by checking out our Top 5 Strong Momentum Stocks for this week. This is a curated list of our High Quality stocks that have generated a market-beating return of 175% over the last five years. Stocks that made our list in 2019 include now familiar names such as Nvidia (+2,183% between December 2019 and December 2024) as well as under-the-radar businesses like Comfort Systems (+751% five-year return). Find your next big winner with StockStory today for free.
