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 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

Carvana Co. (NYSE:CVNA) shares surged over 20% in pre-market trading after reporting better-than-expected Q3 financial results, with revenue and earnings per share surpassing analyst estimates. Other notable pre-market movers include Root, Inc. (NASDAQ:ROOT) and Alphatec Holdings, Inc. (NASDAQ:ATEC), both rising significantly due to strong quarterly results.

Portfolio Pulse from Avi Kapoor

October 31, 2024 | 10:52 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 30, 2024 | 8:39 pm

Remitly Global has raised its revenue guidance for FY 2024 to $1.250B-$1.254B, surpassing the previous estimate of $1.244B. Additionally, the company projects Q4 2024 revenue to be $338M-$342M, exceeding the earlier estimate of $320.743M.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2024 | 8:18 pm

Remitly Global (NASDAQ:RELY) reported Q3 2024 earnings of $0.01 per share, surpassing the analyst estimate of $(0.07). Sales reached $336.53 million, exceeding the $320.74 million estimate and marking a 39.27% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2024 | 8:16 pm

Remitly Global (NASDAQ:RELY) is set to release its quarterly earnings on October 30, 2024. Analysts expect an EPS of $-0.08. The company previously beat EPS estimates, leading to a 4.01% stock price increase. Despite a 45.09% decline over the past year, analysts rate it as 'Outperform' with a $22 price target, suggesting a 45.21% upside.

Portfolio Pulse from Benzinga Insights

October 29, 2024 | 3:02 pm

The article highlights unusual options activity for several financial stocks, indicating potential trading opportunities. Notable mentions include bearish sentiment for NU, PNC, PYPL, MS, and FUTU, and bullish sentiment for RELY, COIN, UBS, WFC, and BX.

Portfolio Pulse from Benzinga Insights

October 25, 2024 | 5:35 pm

In the past three months, six analysts have provided ratings for Remitly Global (NASDAQ:RELY), ranging from bullish to bearish. The average 12-month price target is $21.67, with a high of $30.00 and a low of $13.00. Recent analyst actions include both upgrades and downgrades, reflecting varied perceptions of the company's market standing. Remitly Global has shown strong revenue growth but faces challenges in profitability and financial returns.

Portfolio Pulse from Benzinga Insights

September 18, 2024 | 1:00 pm

BMO Capital has maintained an 'Outperform' rating on Remitly Global and raised its price target from $23 to $24, indicating confidence in the company's future performance.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2024 | 12:59 pm

In the past three months, 8 analysts have rated Remitly Global (NASDAQ:RELY) with varying perspectives. The average 12-month price target is $20.88, down from $23.00. Analysts have adjusted ratings and price targets, reflecting mixed sentiments. Remitly Global has shown strong revenue growth but faces challenges in profitability and returns.

Portfolio Pulse from Benzinga Insights

August 20, 2024 | 4:00 pm

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