Streetbeat News

RELY

Remitly Global, Inc.

https://www.remitly.com/us/en

Industry

Software - Infrastructure

Remitly Global, Inc. provides digital financial services for immigrants and their families. It primarily offers cross-border remittance services in approximately 150 countries. The company was incorporated in 2011 and is headquartered in Seattle, Washington.

Open

19.82

Mkt cap

3.9B

Volume

4.8M

High

19.89

P/E Ratio

-102.74

52-wk high

27.32

Low

18.73

Div yield

N/A

52-wk low

11.60

Remitly Global, Inc. held its Q4 2024 earnings call on February 19, 2025. Key participants included the CEO, CFO, and various analysts. The call focused on the company's financial performance and outlook.

Portfolio Pulse from

February 20, 2025 | 3:30 am

Remitly Global, Inc. (RELY) reported a Q4 loss of $0.03 per share, beating the Zacks Consensus Estimate of a $0.07 loss. This is an improvement from the $0.19 loss per share a year ago.

Portfolio Pulse from

February 19, 2025 | 11:45 pm

Remitly reported its fourth quarter and full year 2024 results, surpassing expectations. The company saw a 32% increase in active customers and a 33% rise in revenue year-over-year. Despite a net loss of $5.7 million, the adjusted EBITDA was $43.7 million.

Portfolio Pulse from

February 19, 2025 | 9:30 pm

Growth stocks have surged in 2024, with some stocks increasing by 100% or more. The article suggests that certain growth stocks are currently a smart investment choice.

Portfolio Pulse from

December 03, 2024 | 9:45 am

Remitly Global, Inc. (NASDAQ: RELY) will present at the 2024 Wells Fargo TMT Summit, showcasing its digital financial services.

Portfolio Pulse from

November 25, 2024 | 9:15 pm

Keybanc analyst Josh Beck maintains an Overweight rating on Remitly Global (NASDAQ:RELY) and raises the price target from $20 to $21.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2024 | 7:21 pm

JMP Securities has maintained a Market Outperform rating on Remitly Global and raised its price target from $22 to $25.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2024 | 7:03 pm

Roblox Corporation reported better-than-expected Q3 results, leading to a 21.5% stock surge. Other companies like Root, Alphatec, and Lemonade also saw significant gains due to strong earnings reports.

Portfolio Pulse from Avi Kapoor

October 31, 2024 | 2:23 pm

Wells Fargo has upgraded Remitly Global from Underweight to Equal-Weight and increased its price target from $13 to $18.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2024 | 11:56 am

Remitly Global shares rose after the company reported strong Q3 financial results and provided Q4 revenue guidance that exceeded expectations.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2024 | 11:40 am

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