Investment Analysts’ Weekly Ratings Changes for Remitly Global (RELY)

Remitly Global (NASDAQ: RELY) recently received a number of ratings updates from brokerages and research firms:

• 8/14/2026 – Remitly Global was upgraded by Zacks Research from “hold” to “strong-buy”.
• 8/11/2026 – Remitly Global was upgraded by Weiss Ratings from “hold (c)” to “hold (c+)”.
• 8/10/2026 – Remitly Global had its price target raised by Cantor Fitzgerald from $28.00 to $30.00. They now have an “overweight” rating on the stock.
• 8/6/2026 – Remitly Global had its “buy” rating reaffirmed by Monness Crespi & Hardt.
• 8/6/2026 – Remitly Global had its price target raised by KeyCorp from $28.00 to $33.00. They now have an “overweight” rating on the stock.
• 8/6/2026 – Remitly Global had its “outperform” rating reaffirmed by Citigroup Inc..
• 8/6/2026 – Remitly Global had its “outperform” rating reaffirmed by Wolfe Research. They now have a $31.00 price target on the stock.
• 8/6/2026 – Remitly Global had its price target raised by Citizens Jmp from $30.00 to $32.00. They now have a “market outperform” rating on the stock.
• 7/16/2026 – Remitly Global had its “outperform” rating reaffirmed by Citigroup Inc..
• 7/16/2026 – Remitly Global had its price target raised by Citizens Jmp from $26.00 to $30.00. They now have a “market outperform” rating on the stock.
• 7/9/2026 – Remitly Global had its price target raised by The Goldman Sachs Group, Inc. from $27.00 to $30.00. They now have a “buy” rating on the stock.

Insider Activity at Remitly Global

In other news, insider Pankaj Sharma sold 16,000 shares of the stock in a transaction on Thursday, May 28th. The shares were sold at an average price of $20.01, for a total transaction of $320,160.00. Following the completion of the sale, the insider directly owned 767,810 shares in the company, valued at $15,363,878.10. This represents a 2.04% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Vikas D. Mehta sold 25,000 shares of the firm’s stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $21.07, for a total value of $526,750.00. Following the completion of the sale, the chief financial officer owned 988,004 shares of the company’s stock, valued at approximately $20,817,244.28. This represents a 2.47% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 522,692 shares of company stock valued at $12,398,386 in the last quarter. Insiders own 6.53% of the company’s stock.

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.