Remitly Global Inc (NASDAQ:RELY) shares traded -0.06% lower at $17.45 on Wall Street last session.
RELY stock price is now -15.15% away from the 50-day moving average and -14.52% away from the 200-day moving average. The market capitalization of the company currently stands at $3.56B.
With the price target enhanced from $30 to $32, Monness Crespi & Hardt maintained Buy rating for Remitly Global Inc (NASDAQ: RELY). On October 31, 2024, Wells Fargo Upgraded its previous ‘Underweight’ rating to ‘Equal Weight’ on the stock increasing its target price from $13 to quote $18, while ‘BMO Capital Markets’ rates the stock as ‘Outperform’
In other news, Matthew B. Oppenheimer, Officer bought 87,498 shares of the company’s stock on Jul 16 ’25. The stock was bought for $1,526,840 at an average price of $17.45. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 25 ’25, CLCAO Somalya Saema sold 18,045 shares of the business’s stock. A total of $359,637 was realized by selling the stock at an average price of $19.93. This leaves the insider owning 69,775 shares of the company worth $1.22 million. A total of 19.74% of the company’s stock is owned by insiders.
During the past 12 months, Remitly Global Inc has had a low of $12.43 and a high of $27.32. As of last week, the company has a debt-to-equity ratio of 0.03, a current ratio of 2.78, and a quick ratio of 2.78. The fifty day moving average price for RELY is $20.6926 and a two-hundred day moving average price translates $20.37705 for the stock.
The latest earnings results from Remitly Global Inc (NASDAQ: RELY) was released for 2025-03-31. The net profit margin was -0.34% and return on equity was -0.71% for RELY. The company reported revenue of $361.62 million for the quarter, compared to $269.12 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 34.37 percent.
