Remitly Global, Inc. (RELY)

In the past six months, Remitly Global, Inc. stock has been impacted by several events, including the release of Q2 2025, Q1 2025, and Q4 2024 earnings. Analyst ratings have seen adjustments, with Zacks Research cutting Remitly Global from a "strong-buy" to a "hold" rating, while Wall Street Zen raised shares from a "hold" to a "buy" rating. JMP Securities lowered its price target, while KeyCorp reiterated an "overweight" rating. Remitly Global's CEO sold shares of company stock. The stock's 52-week low was $14.29, and its 52-week high was $27.32.

Demand for Remitly Global's products and services exhibits a degree of predictability. The company's CEO has noted a "lack of volatility" and a "predictability to our customer base and to our business", attributing this to customers' resilience and commitment to their families. This suggests that while general market seasonality might exist for remittances, Remitly's business model and customer base demonstrate resilience against significant seasonal fluctuations.

Remitly Global, Inc. is a digital financial services provider specializing in cross-border remittances, operating within the fintech sector. The company's primary product is a mobile application and website that facilitates international money transfers, aiming to make the process fast, affordable, and transparent for immigrant communities and their families. Remitly's technology platform is designed to localize consumer experiences, integrate with a robust network of partners, and use data to optimize business performance.

Remitly Global, Inc. has a significant global presence, enabling customers to send money from various countries to over 135 countries worldwide. The primary send countries include the United States, Canada, the United Kingdom, other European countries, and Australia, with the United States being the largest send country by revenue. Major receiving countries include India, the Philippines, and Mexico. Remitly operates across approximately 1,700 corridors globally, with plans to expand to thousands more.

Remitly's brand reputation in the past year is built on trust, reliability, and affordability. The company emphasizes that most of its customers can complete transactions without needing customer support, contributing to brand trustworthiness. Customers have found the service trustworthy due to its reliability and adherence to regulatory frameworks, with most transactions delivered quickly. The company's focus on a "digital-first approach" and its ability to achieve scale are also highlighted as factors contributing to a reliable and trusted international payments platform. There were no specific negative events impacting Remitly's reputation reported in the past year.

Institutional investors hold a significant stake in Remitly Global, Inc., owning 56% of the company. The top 8 shareholders collectively hold 51% of the business. Hedge funds account for 6.4% of the ownership, and insider selling has been observed recently.