| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 10/31/2024 | $13.00 → $18.00 | Underweight → Equal Weight | Wells Fargo |
| 2/22/2024 | $24.00 → $28.00 | Market Perform → Outperform | BMO Capital Markets |
| 1/17/2024 | $16.00 | Underweight | Wells Fargo |
| 12/5/2023 | $25.00 | Market Perform | BMO Capital Markets |
| 12/1/2023 | Outperform → Peer Perform | Wolfe Research | |
| 8/4/2023 | $28.00 | Peer Perform → Outperform | Wolfe Research |
| 3/27/2023 | Outperform → Peer Perform | Wolfe Research | |
| 3/3/2022 | $40.00 → $22.00 | Market Outperform | JMP Securities |
| 3/3/2022 | $24.00 → $23.00 | Buy | Citigroup |
| 1/26/2022 | $47.00 → $24.00 | Buy | Citigroup |
4 - Remitly Global, Inc. (0001782170) (Issuer)
4 - Remitly Global, Inc. (0001782170) (Issuer)
4 - Remitly Global, Inc. (0001782170) (Issuer)
4 - Remitly Global, Inc. (0001782170) (Issuer)
4 - Remitly Global, Inc. (0001782170) (Issuer)
4 - Remitly Global, Inc. (0001782170) (Issuer)
4 - Remitly Global, Inc. (0001782170) (Issuer)
4 - Remitly Global, Inc. (0001782170) (Issuer)
4 - Remitly Global, Inc. (0001782170) (Issuer)
4 - Remitly Global, Inc. (0001782170) (Issuer)
Active customers up 35% year over yearRevenue up 39% year over yearAchieved GAAP net income profitability and record Adjusted EBITDA SEATTLE, Oct. 30, 2024 (GLOBE NEWSWIRE) -- Remitly Global, Inc. (NASDAQ:RELY), a trusted provider of digital financial services that transcend borders, reported results for the third quarter ended September 30, 2024. "I am grateful to our customers and global teams for the exceptional third quarter results," said Matt Oppenheimer, co-founder and Chief Executive Officer, Remitly. "As our performance in the third quarter exceeded expectations, we are pleased to increase our 2024 outlook for both revenue and Adjusted EBITDA. We are excited about growth opp
SEATTLE, Oct. 18, 2024 (GLOBE NEWSWIRE) -- Remitly Global, Inc. (NASDAQ:RELY) ("Remitly"), a trusted provider of digital financial services that transcend borders, today announced that it will report third quarter 2024 financial results after the market close on Wednesday, October 30, 2024. Management will host a conference call and live webcast to present the Company's financial results and answer questions from the financial analyst community at 2:00 p.m. Pacific Time / 5:00 p.m. Eastern Time that same evening. Conference call and webcast information can be found below. Remitly Third Quarter 2024 Financial Results Conference Call and Webcast Information:When: Wednesday, October 30th, 20
With its first-of-its-kind platform, Mendaera is pioneering a new category in medical robotics Mendaera, Inc., a Silicon Valley-based healthcare technology company developing a handheld robotic interventional platform, announced today the close of $73 million in Series B funding led by Threshold Ventures, with participation from investors including Lux Capital, PFM Health Sciences, and Fred Moll (founder of Intuitive Surgical and Auris Health). The financing will further Mendaera's efforts to scale robotics and AI across mainstream medical procedures. The healthcare system is facing an increasing supply and demand crisis, where the ability to consistently deliver high-quality care to pati
SEATTLE, Sept. 04, 2024 (GLOBE NEWSWIRE) -- Remitly Global, Inc. (NASDAQ:RELY) ("Remitly"), a trusted provider of digital financial services that transcend borders, today announced that its management team will present at the 2024 Goldman Sachs Communacopia + Technology Conference Date: Wednesday, September 11, 2024 Time: 4:25pm Pacific Time / 7:25pm Eastern Time The presentation will be webcast live from Remitly's investor relations website at https://ir.remitly.com/. A replay of the event will be available on the investor relations website following the presentation. About Remitly Remitly is a trusted provider of digital financial services that transcend borders. With a global footp
SEATTLE, July 31, 2024 (GLOBE NEWSWIRE) -- Remitly Global, Inc. (NASDAQ:RELY), a trusted provider of digital financial services that transcend borders, today announced the appointment of seasoned finance executive Vikas Mehta as Chief Financial Officer, succeeding Hemanth Munipalli, effective August 19, 2024. Munipalli is leaving for family reasons, and will oversee an orderly transition, remaining with the company through September 30, 2024. "I am delighted to welcome Vikas to Remitly as our Chief Financial Officer," said Matt Oppenheimer, Co-founder and CEO of Remitly. "Vikas's impressive track record leading finance functions at high-growth companies, experience driving public company
Active customers up 36% year over yearRevenue up 31% year over yearNet loss improved 36% year over year; Adjusted EBITDA up 23% year over year SEATTLE, July 31, 2024 (GLOBE NEWSWIRE) -- Remitly Global, Inc. (NASDAQ:RELY), a trusted provider of digital financial services that transcend borders, reported results for the second quarter ended June 30, 2024. "We are pleased with our second quarter performance as our product experience delights both new and existing customers," said Matt Oppenheimer, co-founder and Chief Executive Officer, Remitly. "Our differentiated positioning, focus on building long-term customer trust, and our increasing global scale enabled these strong results. Looking
SEATTLE, July 19, 2024 (GLOBE NEWSWIRE) -- Remitly Global, Inc. (NASDAQ:RELY) ("Remitly"), a trusted provider of digital financial services that transcend borders, today announced that it will report second quarter 2024 financial results after the market close on Wednesday, July 31, 2024. Management will host a conference call and live webcast to present the Company's financial results and answer questions from the financial analyst community at 2:00 p.m. Pacific Time / 5:00 p.m. Eastern Time that same evening. Conference call and webcast information can be found below. Remitly Second Quarter 2024 Financial Results Conference Call and Webcast Information:When: Wednesday, July 31st, 2024Ti
SEATTLE, May 31, 2024 (GLOBE NEWSWIRE) -- Remitly Global, Inc. (NASDAQ:RELY) ("Remitly"), a trusted provider of digital financial services that transcend borders, today announced that its management team will present at the William Blair 44th Annual Growth Stock Conference. Date: Wednesday, June 5, 2024 Time: 7:20am Pacific Time / 9:20am Central Time The presentation will be webcast live from Remitly's investor relations website at https://ir.remitly.com/. A replay of the event will be available on the investor relations website following the presentation. About Remitly Remitly is a trusted provider of digital financial services that transcend borders. With a global footprint spanning
SEATTLE, May 10, 2024 (GLOBE NEWSWIRE) -- Remitly Global, Inc. (NASDAQ:RELY) ("Remitly"), a trusted provider of digital financial services that transcend borders, today announced that its management team will present at the following investor conferences: Barclays 14th Annual Emerging Payments and FinTech ForumDate: Thursday, May 16, 2024Time: 8:00 a.m. Eastern Time / 5:00 a.m. Pacific Time J.P. Morgan 52nd Annual Global Technology, Media and Communications ConferenceDate: Monday, May 20, 2024Time: 4:30 p.m. Eastern Time / 1:30 p.m. Pacific Time The presentations will be webcast live from Remitly's investor relations website at https://ir.remitly.com/. After the presentation, a re
SEATTLE, May 07, 2024 (GLOBE NEWSWIRE) -- Remitly Global, Inc. (NASDAQ:RELY), a trusted provider of digital financial services that transcend borders, today announced the appointment of Ronit Peled as Chief People Officer. "We are thrilled to welcome Ronit Peled to Remitly as our new Chief People Officer," said Matt Oppenheimer, Co-founder & CEO of Remitly. "Ronit brings a track record of strategic business leadership, a deep commitment to people and culture, and clear alignment with Remitly's values. As team and culture have always been a differentiator for Remitly and key focus for me, I look forward to seeing Ronit's talents in action and the impact she will drive for our people, cust
Across the recent three months, 10 analysts have shared their insights on Remitly Global (NASDAQ:RELY), expressing a variety of opinions spanning from bullish to bearish. The table below provides a snapshot of their recent ratings, showcasing how sentiments have evolved over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 1 7 0 2 0 Last 30D 1 0 0 0 0 1M Ago 0 3 0 0 0 2M Ago 0 0 0 0 0 3M Ago 0 4 0 2 0 Analysts provide deeper insights through their assessments of 12-month price targets, revealing an average target of $21.7, a high estimate of $32.00, and a low estimate of $15.00. Experi
Goldman Sachs analyst Will Nance maintains Remitly Global (NASDAQ:RELY) with a Buy and lowers the price target from $23 to $20.
The most oversold stocks in the financial sector presents an opportunity to buy into undervalued companies. The RSI is a momentum indicator, which compares a stock’s strength on days when prices go up to its strength on days when prices go down. When compared to a stock’s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered oversold when the RSI is below 30, according to Benzinga Pro. Here's the latest list of major oversold players in this sector, having an RSI near or below 30. WEX Inc (NYSE:WEX) On June 5, WEX named Sara Trickett as Chief Legal Officer and Corporate Secretary. The company's stock fell
Barclays analyst Ramsey El-Assal maintains Remitly Global (NASDAQ:RELY) with a Overweight and lowers the price target from $20 to $16.
BMO Capital analyst Rufus Hone maintains Remitly Global (NASDAQ:RELY) with a Outperform and lowers the price target from $24 to $23.
Remitly Global (NASDAQ:RELY) underwent analysis by 8 analysts in the last quarter, revealing a spectrum of viewpoints from bullish to bearish. The following table encapsulates their recent ratings, offering a glimpse into the evolving sentiments over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 1 5 0 2 0 Last 30D 0 1 0 0 0 1M Ago 0 0 0 0 0 2M Ago 0 4 0 2 0 3M Ago 1 0 0 0 0 Providing deeper insights, analysts have established 12-month price targets, indicating an average target of $23.38, along with a high estimate of $32.00 and a low estimate of $15.00. This current average represe
JMP Securities analyst David Scharf maintains Remitly Global (NASDAQ:RELY) with a Market Outperform and lowers the price target from $32 to $22.
In the latest quarter, 9 analysts provided ratings for Remitly Global (NASDAQ:RELY), showcasing a mix of bullish and bearish perspectives. Summarizing their recent assessments, the table below illustrates the evolving sentiments in the past 30 days and compares them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 1 5 0 3 0 Last 30D 0 1 0 0 0 1M Ago 0 3 0 2 0 2M Ago 1 0 0 0 0 3M Ago 0 1 0 1 0 Analysts have recently evaluated Remitly Global and provided 12-month price targets. The average target is $23.56, accompanied by a high estimate of $32.00 and a low estimate of $15.00. This upward trend is apparent, with the curren
Barclays analyst Ramsey El-Assal maintains Remitly Global (NASDAQ:RELY) with a Overweight and lowers the price target from $25 to $20.
4 - Remitly Global, Inc. (0001782170) (Issuer)
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With its first-of-its-kind platform, Mendaera is pioneering a new category in medical robotics Mendaera, Inc., a Silicon Valley-based healthcare technology company developing a handheld robotic interventional platform, announced today the close of $73 million in Series B funding led by Threshold Ventures, with participation from investors including Lux Capital, PFM Health Sciences, and Fred Moll (founder of Intuitive Surgical and Auris Health). The financing will further Mendaera's efforts to scale robotics and AI across mainstream medical procedures. The healthcare system is facing an increasing supply and demand crisis, where the ability to consistently deliver high-quality care to pati
SEATTLE, July 31, 2024 (GLOBE NEWSWIRE) -- Remitly Global, Inc. (NASDAQ:RELY), a trusted provider of digital financial services that transcend borders, today announced the appointment of seasoned finance executive Vikas Mehta as Chief Financial Officer, succeeding Hemanth Munipalli, effective August 19, 2024. Munipalli is leaving for family reasons, and will oversee an orderly transition, remaining with the company through September 30, 2024. "I am delighted to welcome Vikas to Remitly as our Chief Financial Officer," said Matt Oppenheimer, Co-founder and CEO of Remitly. "Vikas's impressive track record leading finance functions at high-growth companies, experience driving public company
SEATTLE, May 07, 2024 (GLOBE NEWSWIRE) -- Remitly Global, Inc. (NASDAQ:RELY), a trusted provider of digital financial services that transcend borders, today announced the appointment of Ronit Peled as Chief People Officer. "We are thrilled to welcome Ronit Peled to Remitly as our new Chief People Officer," said Matt Oppenheimer, Co-founder & CEO of Remitly. "Ronit brings a track record of strategic business leadership, a deep commitment to people and culture, and clear alignment with Remitly's values. As team and culture have always been a differentiator for Remitly and key focus for me, I look forward to seeing Ronit's talents in action and the impact she will drive for our people, cust
SEATTLE, April 06, 2023 (GLOBE NEWSWIRE) -- Remitly Global, Inc. (NASDAQ:RELY) ("Remitly"), a leading digital financial services provider for immigrants and their families, today announced the appointments of Phyllis Campbell and Ryno Blignaut to its Board of Directors. "We are delighted to welcome Phyllis and Ryno to Remitly's Board of Directors," said Matt Oppenheimer, CEO of Remitly. "They each bring with them a wealth of knowledge and leadership experience to complement our existing team of accomplished directors. I'm grateful for their passion and dedication to our customer-centric vision for the future of digital financial services." Campbell and Blignaut bring decades of leaders
Remitly Global, Inc. (NASDAQ:RELY), a leading digital financial services provider for immigrants and their families in over 160 countries around the world, today announced the appointment of Rina Hahn as Chief Marketing Officer (CMO). "Rina has been an integral part of our growth since she joined our Marketing Team in 2018," said Matt Oppenheimer, Co-founder and CEO, Remitly. "Rina's dedication to our mission to help solve these problems for our customers has been inspiring. Her stewardship over our customer acquisition and brand development has Remitly well positioned to capture our growth milestones along with a focus on continuously improving marketing efficiency. I am so excited to hav
Remitly Global, Inc. (NASDAQ:RELY), a leading digital financial services provider for immigrants and their families in over 160 countries around the world, today announced the appointment of Hemanth Munipalli as CFO effective July 18. "Hemanth brings more than 20 years of top-tier finance leadership to Remitly, with a proven track record in multinational consumer-facing organizations operating in dynamic market environments," said Matt Oppenheimer, Co-founder and CEO, Remitly. "His breadth of financial expertise, strategic mindset, and background as a strong business leader will be incredibly valuable to us as we continue to grow and scale with our customers." Munipalli joins the company
Company welcomes veteran Google and Microsoft software engineering executive Ankur Sinha to help scale business Remitly Global, Inc. (NASDAQ:RELY) ("Remitly"), a leading digital financial services provider for immigrants and their families, today announced the appointment of Ankur Sinha as its new Chief Technology Officer. In this role, Sinha will be responsible for leading Remitly's technology strategy and teams with a focus on optimization of current platforms as well as ongoing innovation. Sinha brings more than 20 years of world-class technology and leadership experience to Remitly, having worked on high-scale, high-performance products and transformative technologies in senior engine
Wells Fargo upgraded Remitly Global from Underweight to Equal Weight and set a new price target of $18.00 from $13.00 previously
BMO Capital Markets upgraded Remitly Global from Market Perform to Outperform and set a new price target of $28.00 from $24.00 previously
Wells Fargo initiated coverage of Remitly Global with a rating of Underweight and set a new price target of $16.00
BMO Capital Markets initiated coverage of Remitly Global with a rating of Market Perform and set a new price target of $25.00
Wolfe Research downgraded Remitly Global from Outperform to Peer Perform
Wolfe Research upgraded Remitly Global from Peer Perform to Outperform and set a new price target of $28.00
Wolfe Research downgraded Remitly Global from Outperform to Peer Perform
JMP Securities reiterated coverage of Remitly Global with a rating of Market Outperform and set a new price target of $22.00 from $40.00 previously
Citigroup reiterated coverage of Remitly Global with a rating of Buy and set a new price target of $23.00 from $24.00 previously
Citigroup reiterated coverage of Remitly Global with a rating of Buy and set a new price target of $24.00 from $47.00 previously
SEATTLE, Oct. 18, 2024 (GLOBE NEWSWIRE) -- Remitly Global, Inc. (NASDAQ:RELY) ("Remitly"), a trusted provider of digital financial services that transcend borders, today announced that it will report third quarter 2024 financial results after the market close on Wednesday, October 30, 2024. Management will host a conference call and live webcast to present the Company's financial results and answer questions from the financial analyst community at 2:00 p.m. Pacific Time / 5:00 p.m. Eastern Time that same evening. Conference call and webcast information can be found below. Remitly Third Quarter 2024 Financial Results Conference Call and Webcast Information:When: Wednesday, October 30th, 20
SEATTLE, July 19, 2024 (GLOBE NEWSWIRE) -- Remitly Global, Inc. (NASDAQ:RELY) ("Remitly"), a trusted provider of digital financial services that transcend borders, today announced that it will report second quarter 2024 financial results after the market close on Wednesday, July 31, 2024. Management will host a conference call and live webcast to present the Company's financial results and answer questions from the financial analyst community at 2:00 p.m. Pacific Time / 5:00 p.m. Eastern Time that same evening. Conference call and webcast information can be found below. Remitly Second Quarter 2024 Financial Results Conference Call and Webcast Information:When: Wednesday, July 31st, 2024Ti
SEATTLE, April 17, 2024 (GLOBE NEWSWIRE) -- Remitly Global, Inc. (NASDAQ:RELY) ("Remitly"), a trusted provider of digital financial services that transcend borders, today announced that it will report first quarter 2024 financial results after the market close on Wednesday, May 1, 2024. Management will host a conference call and live webcast to present the Company's financial results and answer questions from the financial analyst community at 2:00 p.m. Pacific Time / 5:00 p.m. Eastern Time that same evening. Conference call and webcast information can be found below. Remitly First Quarter 2024 Financial Results Conference Call and Webcast Information:When: Wednesday, May 1st, 2024Time: 2
SEATTLE, Feb. 09, 2024 (GLOBE NEWSWIRE) -- Remitly Global, Inc. (NASDAQ:RELY) ("Remitly"), a trusted provider of digital financial services that transcend borders, today announced that it will report fourth quarter and full year 2023 financial results after the market close on Wednesday, February 21, 2024. Management will host a conference call and live webcast to present the Company's financial results and answer questions from the financial analyst community at 2:00 p.m. Pacific Time / 5:00 p.m. Eastern Time that same evening. Conference call and webcast information can be found below. Remitly Fourth Quarter and Full Year 2023 Financial Results Conference Call and Webcast Information:Wh
SEATTLE, Oct. 23, 2023 (GLOBE NEWSWIRE) -- Remitly Global, Inc. (NASDAQ:RELY) ("Remitly"), a leading digital financial services provider for immigrants and their families, today announced that it will report third quarter 2023 financial results after the market close on Wednesday, November 1, 2023. Management will host a conference call and live webcast to present the Company's financial results and answer questions from the financial analyst community at 2:00 p.m. Pacific Time / 5:00 p.m. Eastern Time that same evening. Conference call and webcast information can be found below. Remitly Third Quarter 2023 Financial Results Conference Call and Webcast Information:When: Wednesday, November
SEATTLE, July 13, 2023 (GLOBE NEWSWIRE) -- Remitly Global, Inc. (NASDAQ:RELY) ("Remitly"), a leading digital financial services provider for immigrants and their families, today announced that it will report second quarter 2023 financial results after the market close on Wednesday, August 2, 2023. Management will host a conference call and live webcast to present the Company's financial results and answer questions from the financial analyst community at 2:00 p.m. Pacific Time / 5:00 p.m. Eastern Time that same evening. Conference call and webcast information can be found below. Remitly Second Quarter 2023 Financial Results Conference Call and Webcast Information:When: Wednesday, Augu
SEATTLE, April 17, 2023 (GLOBE NEWSWIRE) -- Remitly Global, Inc. (NASDAQ:RELY) ("Remitly"), a leading digital financial services provider for immigrants and their families, today announced that it will report first quarter 2023 financial results after the market close on Wednesday, May 3, 2023. Management will host a conference call and live webcast to present the Company's financial results and answer questions from the financial analyst community at 2:00 p.m. Pacific Time / 5:00 p.m. Eastern Time that same evening. Conference call and webcast information can be found below. Remitly First Quarter 2023 Financial Results Conference Call and Webcast Information:When: Wednesday, May 3rd, 202
SEATTLE, Feb. 03, 2023 (GLOBE NEWSWIRE) -- Remitly Global, Inc. (NASDAQ:RELY) ("Remitly"), a leading digital financial services provider for immigrants and their families, today announced that it will report fourth quarter and full year 2022 financial results after the market close on Wednesday, February 22, 2023. Management will host a conference call and live webcast to present the Company's financial results and answer questions from the financial analyst community at 2:00 p.m. Pacific Time / 5:00 p.m. Eastern Time that same evening. Conference call and webcast information can be found below. Remitly Fourth Quarter and Full Year 2022 Financial Results Conference Call and Webcast Inform
SEATTLE, Oct. 17, 2022 (GLOBE NEWSWIRE) -- Remitly Global, Inc. (NASDAQ:RELY) ("Remitly"), a leading digital financial services provider for immigrants and their families, today announced that it will report third quarter 2022 financial results after the market close on Wednesday, November 2, 2022. Management will host a conference call and live webcast to present the Company's financial results and answer questions from the financial analyst community at 2:00 p.m. Pacific Time / 5:00 p.m. Eastern Time that same evening. Conference call and webcast information can be found below. Remitly Third Quarter 2022 Financial Results Conference Call and Webcast Information:When: Wednesday, November
Remitly Global, Inc. (NASDAQ:RELY) ("Remitly"), a leading digital financial services provider for immigrants and their families, today announced that it will report second quarter 2022 financial results after the market close on Wednesday, August 3, 2022. Management will host a conference call and live webcast to present the Company's financial results and answer questions from the financial analyst community at 2:00 p.m. Pacific Time / 5:00 p.m. Eastern Time that same evening. Conference call and webcast information can be found below. Remitly Second Quarter 2022 Financial Results Conference Call and Webcast Information: When: Wednesday, August 3rd, 2022 Time: 2:00 p.m. Pacific Time / 5