New insider activity at Remitly Global ( (RELY) ) has taken place on February 28, 2025.
Saema Somalya, the Senior Vice President and General Counsel at Remitly Global, has recently sold 10,495 shares of the company’s stock. This transaction is valued at $251,250.
Recent Updates on RELY stock
In the last 24 hours, Remitly Global has seen a series of positive developments following its strong Q4 2024 earnings report. Barclays, BMO Capital, JPMorgan, and Citizens JMP all raised their price targets for the company, citing robust financial performance, including significant revenue growth, improved marketing efficiencies, and strong customer acquisition. Barclays updated its model post-earnings, while BMO Capital highlighted record gross additions and transactions per active user, emphasizing the company’s potential in the digital remittance market. JPMorgan noted the company’s strong Q4 results and optimistic 2025 guidance, labeling Remitly a ‘top fintech grower.’ Citizens JMP pointed to impressive remittance volume and revenue growth, alongside prudent marketing spend, as reasons for their target increase. Overall, analysts are optimistic about Remitly’s growth trajectory and market position.
More about Remitly Global
YTD Price Performance: 6.43%
Average Trading Volume: 1,739,502
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $4.78B