Latest news with #RemitlyGlobal
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
10-05-2025
- Business
- Yahoo
Why Remitly Global Inc. (RELY) Went Up On Thursday
We recently published a list of In this article, we are going to take a look at where Remitly Global Inc. (NASDAQ:RELY) stands against other Thursday's top-performing stocks. The stock market extended its winning streak on Thursday as investors cheered President Donald Trump's trade deal framework between the United States and the United Kingdom. Among Wall Street's major indices, the tech-heavy Nasdaq rallied the most, up 1.07 percent, followed by the Dow Jones, up 0.62 percent, and the S&P 500, gaining 0.58 percent. According to Trump, the Oval Office outlined a trade deal framework. While a 10-percent baseline tariff will remain for imported goods from the UK, it could be the low end of deals with future countries. 'The final details are being written up,' Trump said. 'In the coming weeks, we'll have it all very conclusive.' Beyond the major indices, 10 firms stood out, booking double-digit gains amid a flurry of fresh developments such as optimistic revenue guidance and impressive earnings performance, among others. In this article, let us explore Thursday's 10 top-performing stocks and detail the reasons behind their gains. To come u A senior banker shaking hands with migrant customers in a corporate boardroom. Remitly Global grew its share prices by 14.56 percent on Thursday to close at $24.16 apiece as investors reacted positively to its strong earnings performance in the first quarter of the year. During the period, Remitly Global Inc. (NASDAQ:RELY) swung to a net income of $11.35 million from a net loss of $21 million in the same period a year earlier. Revenues also increased by 34 percent to $361 million from the $269 million registered year-on-year. Further supporting the optimistic sentiment was the 29-percent increase in active customers alone, ending at 8 million versus the 6.2 million in the same comparable period. 'This performance was driven by the deep and growing trust our customers place in us to deliver a fast, reliable, and secure experience. As that trust continues to grow, so does our ability to scale efficiently and profitably,' said Remitly Global Inc. (NASDAQ:RELY) President and CEO Matt Oppenheimer. Following the strong figures, the company raised its revenue outlook for the rest of the year, with revenues now expected to grow between 25 and 26 percent to $1.574 billion to $1.587 billion, as compared with the $1.565 billion to $1.580 billion targeted previously. Overall, RELY ranks 9th on our list of Thursday's top-performing stocks. While we acknowledge the potential of RELY as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than RELY but that trades at less than 5 times its earnings, check out our report about this . READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey.
Yahoo
10-05-2025
- Business
- Yahoo
Why Remitly Stock Popped Today
Remitly delivered strong results on the top and bottom lines in the fourth quarter. The business is scaling effectively and expects to be GAAP profitable this year. Its growth pipeline looks strong after a 26% jump in send volume. 10 stocks we like better than Remitly Global › Shares of Remitly Global (NASDAQ: RELY) were moving higher today after the remittance specialist beat estimates in the first-quarter report and raised its revenue forecast for the year. As of 12:36 p.m. ET, the stock was up 11% on the news. Remitly, which provides a platform for cross-border payments, continued to deliver solid growth. Its active customer base rose 29% to 8 million, driving send volume up 41% to $16.2 billion. As a result, revenue rose 34% to $361.6 million, which was well ahead of the consensus at $347.5 million. Remitly also reported impressive margin expansion, as adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) jumped 157% to $58.4 million, while net income reached $11.4 million, up from a loss of $21.1 million. On a per-share basis, the company reported a profit of $0.05 on a generally accepted accounting principles (GAAP) basis. CEO Matt Oppenheimer said: "We delivered an outstanding start to the year, significantly exceeding our expectations for the first quarter. This performance was driven by the deep and growing trust our customers place in us to deliver a fast, reliable, and secure experience." Looking ahead, Remitly issued strong guidance, calling for revenue growth of 25%-26% to $1.574 billion-$1.587 billion, up from a previous range of $1.565 billion-$1.58 billion. It also said it would have positive net income on a GAAP basis, and sees adjusted EBITDA of $195 million-$200 million, up from an earlier range of $180 million-$200 million. Remitly continues to grab market share from legacy operators like Western Union and MoneyGram, and the future looks bright. The GAAP profitability is also a promising sign for a stock that has a lot of upsides, with its market cap at less than $5 billion currently. Before you buy stock in Remitly Global, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Remitly Global wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $623,103!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $717,471!* Now, it's worth noting Stock Advisor's total average return is 909% — a market-crushing outperformance compared to 162% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of May 5, 2025 Jeremy Bowman has positions in Remitly Global. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Why Remitly Stock Popped Today was originally published by The Motley Fool Sign in to access your portfolio
Yahoo
09-05-2025
- Business
- Yahoo
Why Remitly Global Inc. (RELY) Went Up On Thursday
We recently published a list of In this article, we are going to take a look at where Remitly Global Inc. (NASDAQ:RELY) stands against other Thursday's top-performing stocks. The stock market extended its winning streak on Thursday as investors cheered President Donald Trump's trade deal framework between the United States and the United Kingdom. Among Wall Street's major indices, the tech-heavy Nasdaq rallied the most, up 1.07 percent, followed by the Dow Jones, up 0.62 percent, and the S&P 500, gaining 0.58 percent. According to Trump, the Oval Office outlined a trade deal framework. While a 10-percent baseline tariff will remain for imported goods from the UK, it could be the low end of deals with future countries. 'The final details are being written up,' Trump said. 'In the coming weeks, we'll have it all very conclusive.' Beyond the major indices, 10 firms stood out, booking double-digit gains amid a flurry of fresh developments such as optimistic revenue guidance and impressive earnings performance, among others. In this article, let us explore Thursday's 10 top-performing stocks and detail the reasons behind their gains. To come u A senior banker shaking hands with migrant customers in a corporate boardroom. Remitly Global grew its share prices by 14.56 percent on Thursday to close at $24.16 apiece as investors reacted positively to its strong earnings performance in the first quarter of the year. During the period, Remitly Global Inc. (NASDAQ:RELY) swung to a net income of $11.35 million from a net loss of $21 million in the same period a year earlier. Revenues also increased by 34 percent to $361 million from the $269 million registered year-on-year. Further supporting the optimistic sentiment was the 29-percent increase in active customers alone, ending at 8 million versus the 6.2 million in the same comparable period. 'This performance was driven by the deep and growing trust our customers place in us to deliver a fast, reliable, and secure experience. As that trust continues to grow, so does our ability to scale efficiently and profitably,' said Remitly Global Inc. (NASDAQ:RELY) President and CEO Matt Oppenheimer. Following the strong figures, the company raised its revenue outlook for the rest of the year, with revenues now expected to grow between 25 and 26 percent to $1.574 billion to $1.587 billion, as compared with the $1.565 billion to $1.580 billion targeted previously. Overall, RELY ranks 9th on our list of Thursday's top-performing stocks. While we acknowledge the potential of RELY as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than RELY but that trades at less than 5 times its earnings, check out our report about this . READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
