Remitly (US:RELY) Defense World·2026-02-11 08:40Core Viewpoint - Remitly Global, a digital financial services company specializing in cross-border money transfers, is experiencing varied analyst ratings and significant insider trading activity, indicating a dynamic investment landscape for the stock [2][3][7]. Stock Performance - Remitly Global's shares opened at $13.63, with a 52-week low of $12.08 and a high of $27.32. The market capitalization stands at $2.85 billion, with a P/E ratio of 151.44 and a beta of 0.11. The 50-day moving average price is $13.82, while the 200-day moving average price is $15.48 [1]. Analyst Ratings Changes - Bank of America initiated coverage with a "buy" rating and a $18.00 price target. Goldman Sachs reaffirmed a "buy" rating with a $17.00 target. Zacks upgraded the stock from "hold" to "strong-buy." JPMorgan reduced its price target from $23.00 to $22.00 while maintaining an "overweight" rating. The consensus rating is "Moderate Buy" with a target price of $23.70 [2]. Insider Trading Activity - Director Ryno Blignaut sold 4,500 shares at an average price of $13.25, totaling $59,625, reducing his position by 9.77%. Director Joshua Hug sold 40,776 shares at an average price of $13.33 for $543,544.08, decreasing his position by 1.10%. Over the last three months, insiders sold 48,276 shares valued at $648,169, with insiders owning 8.10% of the stock [3]. Institutional Investor Activity - Arrowstreet Capital increased its stake by 86.0%, owning 5,554,016 shares valued at $90.53 million. Marshall Wace raised its holdings by 74.4%, owning 4,599,144 shares valued at $74.97 million. UBS Group AG boosted its position by 189.7%, owning 2,418,069 shares valued at $39.42 million. Institutional investors own 74.25% of the stock [4]. Company Overview - Remitly Global operates as a digital financial services company focused on cross-border money transfers, enabling immigrants and expatriates to send remittances securely and quickly. The company aims to streamline traditional cash-based methods through its online platform and mobile applications [7]. Founded in 2011 and headquartered in Seattle, Washington, Remitly is publicly traded on NASDAQ under the ticker RELY [8]. Upcoming Earnings - Remitly Global is expected to release its Q4 2025 results on February 18, 2026, with analysts predicting earnings of $0.01 per share [6].