Q4 EPS Estimates for Remitly Global Reduced by William Blair

Remitly Global, Inc. (NASDAQ:RELY) – Investment analysts at William Blair decreased their Q4 2025 earnings per share (EPS) estimates for Remitly Global in a report issued on Thursday, May 8th. William Blair analyst C. Kennedy now anticipates that the financial services provider will earn $0.02 per share for the quarter, down from their prior forecast of $0.03. William Blair has a “Outperform” rating on the stock. The consensus estimate for Remitly Global’s current full-year earnings is ($0.04) per share. William Blair also issued estimates for Remitly Global’s FY2026 earnings at $0.33 EPS.

Remitly Global (NASDAQ:RELY) last issued its earnings results on Wednesday, May 7th. The financial services provider reported $0.05 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.04) by $0.09. The firm had revenue of $361.62 million during the quarter, compared to analysts’ expectations of $347.81 million. Remitly Global had a negative net margin of 2.93% and a negative return on equity of 6.10%. The firm’s revenue was up 34.3% compared to the same quarter last year. During the same quarter last year, the company posted ($0.11) earnings per share.

A number of other research analysts also recently issued reports on the company. JMP Securities restated a “market outperform” rating and issued a $32.00 price objective on shares of Remitly Global in a research report on Thursday, April 10th. JPMorgan Chase & Co. raised their price target on shares of Remitly Global from $21.00 to $30.00 and gave the company an “overweight” rating in a research report on Thursday, February 20th. KeyCorp increased their target price on shares of Remitly Global from $24.00 to $27.00 and gave the stock an “overweight” rating in a research note on Thursday. The Goldman Sachs Group lifted their price target on Remitly Global from $23.00 to $26.00 and gave the company a “buy” rating in a research note on Thursday. Finally, BMO Capital Markets increased their price target on Remitly Global from $27.00 to $32.00 and gave the stock an “outperform” rating in a research report on Thursday, February 20th. One analyst has rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, Remitly Global currently has an average rating of “Moderate Buy” and a consensus price target of $29.13.

Remitly Global Stock Down 1.2 %

Shares of RELY stock opened at $23.86 on Friday. Remitly Global has a 52-week low of $11.60 and a 52-week high of $27.32. The stock has a market cap of $4.86 billion, a PE ratio of -125.58 and a beta of 0.16. The business has a 50-day simple moving average of $20.41 and a 200-day simple moving average of $21.36.

Insider Activity

In related news, insider Joshua Hug sold 37,718 shares of the stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $21.05, for a total value of $793,963.90. Following the completion of the sale, the insider now owns 3,776,093 shares of the company’s stock, valued at approximately $79,486,757.65. This trade represents a 0.99 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Ankur Sinha sold 5,000 shares of the business’s stock in a transaction on Monday, March 17th. The stock was sold at an average price of $19.01, for a total value of $95,050.00. Following the transaction, the insider now directly owns 397,805 shares in the company, valued at $7,562,273.05. This trade represents a 1.24 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 77,301 shares of company stock worth $1,560,012 over the last quarter. 8.10% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Remitly Global

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Global Retirement Partners LLC acquired a new stake in shares of Remitly Global during the 4th quarter worth approximately $28,000. Exchange Traded Concepts LLC purchased a new position in Remitly Global in the first quarter worth approximately $46,000. R Squared Ltd acquired a new stake in Remitly Global during the fourth quarter worth $89,000. Wilmington Savings Fund Society FSB purchased a new stake in Remitly Global in the fourth quarter valued at $135,000. Finally, KBC Group NV lifted its stake in shares of Remitly Global by 49.7% in the 4th quarter. KBC Group NV now owns 6,121 shares of the financial services provider’s stock valued at $138,000 after purchasing an additional 2,033 shares during the last quarter. 74.25% of the stock is currently owned by institutional investors and hedge funds.

About Remitly Global

Remitly Global, Inc provides digital financial services for immigrants and their families. It primarily offers cross-border remittance services in approximately 170 countries. The company was incorporated in 2011 and is headquartered in Seattle, Washington.