Remitly Global (NASDAQ:RELY) director sells 160,182 shares. August 11, 2026 Key points. * Director Phillip John Riese sold 160,182 Remitly Global shares at an average price of $24.94, generating approximately $3.99 million. The sale reduced his direct ownership by 30.73% to 361,094 shares; he also sold 100,000 shares in a separate transaction. * Remitly reported quarterly earnings of $0.93 per share, beating the $0.12 consensus estimate, while revenue reached $495.16 million and increased 20.2% year over year. * Analysts maintain a generally positive outlook, with a consensus "Moderate Buy" rating and average price target of $27.67. The stock recently traded at $23.61, with a market capitalization of about $5 billion. * Interested in Remitly Global? Here are five stocks we like better. Remitly Global, Inc. (NASDAQ:RELY - Get Free Report) Director Phillip John Riese sold 160,182 shares of the firm's stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $24.94, for a total transaction of $3,994,939.08. Following the transaction, the director directly owned 361,094 shares in the company, valued at $9,005,684.36. The trade was a 30.73% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Phillip John Riese also recently made the following trade(s): * On Tuesday, August 11th, Phillip John Riese sold 100,000 shares of Remitly Global stock. The stock was sold at an average price of $23.73, for a total value of $2,373,000.00. Remitly Global stock performance. NASDAQ:RELY traded up $0.47 during trading on Tuesday, reaching $23.61. The company's stock had a trading volume of 3,014,015 shares, compared to its average volume of 3,195,756. Remitly Global, Inc. has a 12 month low of $12.08 and a 12 month high of $27.15. The firm has a market cap of $5.00 billion, a price-to-earnings ratio of 16.99 and a beta of 0.34. The firm has a 50 day moving average of $22.35 and a 200-day moving average of $19.25. Remitly Global (NASDAQ:RELY - Get Free Report) last posted its quarterly earnings results on Wednesday, August 5th. The financial services provider reported $0.93 earnings per share for the quarter, beating the consensus estimate of $0.12 by $0.81. The company had revenue of $495.16 million during the quarter, compared to analyst estimates of $486.25 million. Remitly Global had a net margin of 16.85% and a return on equity of 33.33%. The firm's revenue for the quarter was up 20.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.03 earnings per share. Equities research analysts forecast that Remitly Global, Inc. will post 0.62 earnings per share for the current fiscal year. Institutional trading of Remitly Global. Several institutional investors have recently added to or reduced their stakes in the business. Pekin Hardy Strauss Inc. increased its position in shares of Remitly Global by 581.8% during the 4th quarter. Pekin Hardy Strauss Inc. now owns 122,716 shares of the financial services provider's stock valued at $1,693,000 after purchasing an additional 104,716 shares during the last quarter. Capelight Capital Asset Management LP purchased a new position in shares of Remitly Global in the fourth quarter worth approximately $1,380,000. GSA Capital Partners LLP boosted its stake in shares of Remitly Global by 1,484.2% during the 4th quarter. GSA Capital Partners LLP now owns 361,033 shares of the financial services provider's stock worth $4,982,000 after acquiring an additional 338,244 shares during the last quarter. Baillie Gifford & Co. grew its position in shares of Remitly Global by 48.2% during the 4th quarter. Baillie Gifford & Co. now owns 11,658,558 shares of the financial services provider's stock valued at $160,888,000 after acquiring an additional 3,790,210 shares during the period. Finally, Universal Beteiligungs und Servicegesellschaft mbH raised its holdings in Remitly Global by 44.3% in the 4th quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 954,064 shares of the financial services provider's stock worth $13,166,000 after purchasing an additional 292,991 shares during the period. 74.25% of the stock is currently owned by hedge funds and other institutional investors. Analyst upgrades and downgrades. RELY has been the topic of a number of recent research reports. Wolfe Research reaffirmed an "outperform" rating and set a $31.00 price target on shares of Remitly Global in a research report on Thursday, August 6th. Weiss Ratings upgraded Remitly Global from a "hold (c-)" rating to a "hold (c)" rating in a research note on Wednesday, June 3rd. Citigroup reaffirmed an "outperform" rating on shares of Remitly Global in a report on Thursday, August 6th. The Goldman Sachs Group lifted their price objective on shares of Remitly Global from $27.00 to $30.00 and gave the company a "buy" rating in a research note on Thursday, July 9th. Finally, Zacks Research cut Remitly Global from a "strong-buy" rating to a "hold" rating in a research report on Monday, April 20th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and two have given a Hold rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $27.67. Discover more Mathematics About Remitly Global. Remitly Global, Inc operates as a digital financial services company specializing in cross-border money transfers. Through its proprietary online platform and mobile applications, the company enables immigrants, expatriates and international workers to send remittances swiftly and securely to their families abroad. By focusing on fast deliverability and transparent pricing, Remitly seeks to streamline a process traditionally dominated by cash-based methods and legacy money transfer operators. Founded in 2011 by Matt Oppenheimer and headquartered in Seattle, Washington, Remitly has grown from a startup into a publicly traded corporation listed on NASDAQ under the ticker RELY. This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected]. Continue following MarketBeat Before you consider Remitly Global, you'll want to hear this. 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Remitly launches debit card to expand beyond remittances. Remitly, which has built its business on cross-border money transfers, is launching a companion debit card in the U.S., entering the growing market for international payments. The Remitly Global Card integrates with Remitly's cross-border payments platform, giving customers access to the company's foreign exchange rates and transfer services. Remitly says the card provides access to its lowest-cost and fastest transfer options. The company positions the product as an alternative to traditional bank debit cards, which can charge foreign transaction and currency conversion fees for international spending. The new product is issued through Lead Bank and operates on the Visa network. The account wallet is handled by Stripe, and the funds are held at Fifth Third Bank, giving customers FDIC insurance. Customers can hold balances in U.S. dollars or the USDC stablecoin rather than converting funds into local currencies. The card builds on the Remitly Wallet, a multi-currency digital wallet launched last year that supports both fiat currencies and stablecoins. It also includes a peer-to-peer option that allows customers to send money instantly to other Remitly cardholders. "This is a card built for international banking," said Ben Danner, Senior Analyst, Debit at Javelin Strategy & Research. "It all works within a unified system instead of having to juggle multiple accounts for money transmitting, bank accounts, etc. It's a one-stop shop." Beyond remittances. The launch expands Remitly's product lineup beyond remittances. Among its major U.S. competitors, MoneyGram does not offer a debit card, while Western Union's offering is limited to a prepaid card for cross-border remittances. UK-based competitors Wise and Revolut already offer debit cards that are available across most of the U.S. The new card is part of Remitly's broader effort to expand into everyday financial services. It also aligns with the company's focus on customers who send money internationally, including the underbanked. Building relationships. The card is initially available only in the U.S. Remitly says it plans to expand availability to the UK and Europe in the coming quarters, followed by a broader rollout to additional global markets. "It's a great product for bringing customers into the Remitly ecosystem and building a deposit relationship rather than relying on customers to fund their transfers only from outside accounts," said Danner. "One strong benefit of the debit card is it being on the Visa network, which has a strong global presence and acceptance. I can see this being a useful product for immigrants and long-term international travelers needing to utilize the money transfer service."

Remitly has launched the Remitly Global Card, designed for people whose financial lives span multiple countries. The card allows users to send, spend, save, and borrow from a single account, regardless of their location. Key features include preferred foreign exchange rates and faster delivery speeds for remittances, no foreign transaction fees, and the ability to hold balances in US dollars or USDC in select locations. Cardholders can receive direct deposits, make instant transfers to other Remitly Global Cardholders, and access global ATMs. Through the Remitly Global Card Membership plan, eligible customers can access a line of credit without credit history requirements. The membership also includes a 3GB global travel eSIM and Smart Rate protection, which automatically credits users if exchange rates improve within 24 hours of a transfer. The card addresses the needs of underbanked customers and those living across borders.