Remitly Global (NASDAQ:RELY – Get Free Report) posted its quarterly earnings data on Wednesday. The financial services provider reported $0.01 earnings per share for the quarter, beating the consensus estimate of ($0.06) by $0.07, Briefing.com reports. Remitly Global had a negative net margin of 9.60% and a negative return on equity of 19.02%. The firm had revenue of $336.53 million for the quarter, compared to analysts’ expectations of $320.71 million. During the same quarter last year, the company posted ($0.20) EPS. The business’s quarterly revenue was up 39.3% on a year-over-year basis. Remitly Global updated its Q4 2024 guidance to EPS and its FY 2024 guidance to EPS.
Remitly Global Price Performance
Remitly Global stock traded up $2.55 during midday trading on Thursday, hitting $17.81. The company’s stock had a trading volume of 3,354,073 shares, compared to its average volume of 1,655,946. The company has a quick ratio of 2.46, a current ratio of 2.46 and a debt-to-equity ratio of 0.03. The company has a market capitalization of $3.48 billion, a PE ratio of -51.06 and a beta of 0.10. The stock’s 50-day moving average price is $13.87 and its 200-day moving average price is $13.99. Remitly Global has a 12 month low of $11.60 and a 12 month high of $27.62.
Insider Buying and Selling at Remitly Global
In other Remitly Global news, CEO Matthew B. Oppenheimer sold 40,119 shares of the firm’s stock in a transaction dated Thursday, October 17th. The stock was sold at an average price of $14.22, for a total transaction of $570,492.18. Following the completion of the sale, the chief executive officer now directly owns 4,542,613 shares in the company, valued at approximately $64,595,956.86. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 8.10% of the company’s stock.
Wall Street Analysts Forecast Growth
View Our Latest Research Report on RELY
Remitly Global Company Profile
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.
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