William Blair Expects Reduced Earnings for Remitly Global

Remitly Global, Inc. (NASDAQ:RELY) – Equities research analysts at William Blair lowered their Q4 2025 earnings estimates for Remitly Global in a report issued on Thursday, November 6th. William Blair analyst C. Kennedy now expects that the financial services provider will post earnings per share of $0.01 for the quarter, down from their previous estimate of $0.02. William Blair currently 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.

A number of other research firms have also recently issued reports on RELY. KeyCorp reaffirmed an “overweight” rating and issued a $28.00 price target (up from $27.00) on shares of Remitly Global in a report on Thursday, August 7th. Wall Street Zen raised shares of Remitly Global from a “hold” rating to a “buy” rating in a research note on Sunday, September 7th. Weiss Ratings reissued a “sell (d+)” rating on shares of Remitly Global in a research note on Wednesday, October 8th. Monness Crespi & Hardt lowered their price target on shares of Remitly Global from $32.00 to $28.00 and set a “buy” rating for the company in a report on Thursday. Finally, JMP Securities dropped their price objective on shares of Remitly Global from $32.00 to $23.00 and set a “market outperform” rating for the company in a research report on Monday, September 15th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Remitly Global currently has an average rating of “Moderate Buy” and an average target price of $25.88.

Remitly Global Stock Performance

Remitly Global stock opened at $12.31 on Friday. The business’s fifty day moving average is $16.82 and its two-hundred day moving average is $18.66. The firm has a market cap of $2.54 billion, a P/E ratio of 136.78 and a beta of 0.10. Remitly Global has a 52 week low of $12.20 and a 52 week high of $27.32.

Remitly Global (NASDAQ:RELY) last announced its earnings results on Wednesday, November 5th. The financial services provider reported $0.04 EPS for the quarter, topping the consensus estimate of $0.02 by $0.02. Remitly Global had a return on equity of 3.20% and a net margin of 1.36%.The business had revenue of $419.49 million for the quarter, compared to the consensus estimate of $413.73 million. During the same period in the previous year, the business earned $0.01 EPS. Remitly Global’s revenue was up 24.7% compared to the same quarter last year. Remitly Global has set its Q4 2025 guidance at EPS. FY 2025 guidance at EPS.

Insider Buying and Selling

In related news, Director Joshua Hug sold 40,777 shares of the company’s stock in a transaction dated Friday, August 29th. The stock was sold at an average price of $18.41, for a total value of $750,704.57. Following the completion of the sale, the director owned 3,654,288 shares in the company, valued at approximately $67,275,442.08. This represents a 1.10% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Matthew B. Oppenheimer sold 14,583 shares of the stock in a transaction dated Wednesday, October 15th. The shares were sold at an average price of $15.59, for a total value of $227,348.97. Following the completion of the transaction, the chief executive officer directly owned 4,515,188 shares in the company, valued at $70,391,780.92. The trade was a 0.32% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 93,943 shares of company stock valued at $1,696,348 over the last 90 days. Company insiders own 7.50% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. Alliancebernstein L.P. increased its stake in Remitly Global by 366.8% in the first quarter. Alliancebernstein L.P. now owns 5,137,834 shares of the financial services provider’s stock valued at $106,867,000 after purchasing an additional 4,037,151 shares in the last quarter. Norges Bank acquired a new position in shares of Remitly Global in the 2nd quarter valued at $36,619,000. Driehaus Capital Management LLC bought a new stake in shares of Remitly Global in the 1st quarter valued at $32,731,000. Nuveen LLC bought a new stake in shares of Remitly Global in the 1st quarter valued at $32,703,000. Finally, Arrowstreet Capital Limited Partnership raised its stake in Remitly Global by 97.2% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 2,986,570 shares of the financial services provider’s stock worth $56,058,000 after buying an additional 1,472,210 shares during the period. Institutional investors and hedge funds own 74.25% of the company’s stock.

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.