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| Hug JoshuaDirector | Sell | 5,500 | $126.9K | Wed, Oct 7 |
| Hug JoshuaDirector | Sell | 5,500 | $127.5K | Tue, Oct 6 |
| Hug JoshuaDirector | Sell | 5,500 | $133.7K | Wed, Sep 9 |
| Hug JoshuaDirector | Sell | 5,500 | $137.7K | Tue, Sep 8 |
| MORRIS NIGEL WDirector | Sell | 6,300 | $170.3K | Wed, Sep 2 |
| Sharma PankajChief Business Officer | Sell | 21,000 | $554.2K | Fri, Aug 28 |
| Mehta Vikas DChief Financial Officer | Sell | 25,000 | $653.8K | Tue, Aug 25 |
| MORRIS NIGEL WDirector | Sell | 16,751 | $444.9K | Mon, Aug 24 |
| MORRIS NIGEL WDirector | Sell | 3,249 | $86.2K | Tue, Aug 18 |
| MORRIS NIGEL WDirector | Sell | 20,000 | $525.2K | Mon, Aug 17 |
| MORRIS NIGEL WDirector | Sell | 20,000 | $524.0K | Fri, Aug 14 |
| MORRIS NIGEL WDirector | Sell | 11,000 | $281.5K | Thu, Aug 13 |
The end of an earnings season can be a great time to discover new stocks and assess how companies are handling the current business environment. Let’s take a look at how Remitly (NASDAQ:RELY) and the rest of the financial technology stocks fared in Q2.
In the past quarter, Remitly Global reported revenue of US$495.16 million and net profit of US$205.91 million for the period ending June 30, alongside Bank of America Securities reiterating a positive rating in line with a Strong Buy analyst consensus.
Shares of online money transfer platform Remitly (NASDAQ:RELY) jumped 7.5% in the afternoon session after William Blair added the company to its October Analyst Conviction List.
Remitly stock fell after strong Q2 growth and record profits, as analysts largely rate it a Buy despite risks from immigration policy and rising competition.
In Q2 2026, Remitly Global reported revenue and adjusted EBITDA ahead of its own guidance and surpassed 10 million quarterly active customers for the first time, driven by record new customer additions.
Share count growth should not be ignored, but it doesn't make a company uninvestable.
Key Takeaways:Record Users: Remitly crossed 10 million quarterly active customers for the first time, with record new customer additions driving the milestone. Price Projection: Based on current assumptions, RELY stock could reach $27 by December 2028.
The insider sold shares but still has holdings valued at $19 million.
On August 5, Remitly (NASDAQ:RELY) reported second-quarter results that set records across nearly every line the company chooses to highlight, then raised its full-year outlook on top of it.
Remitly Global has seen a very strong run this year, yet the stock currently screens as expensive on broad valuation checks, which raises questions about how much optimism is already reflected in the price.