Professional
Added to YB: 2025-01-10
Pitch date: 2025-01-02
RELY [bullish]
Remitly Global, Inc.
-4.77%
current return
Author Info
Night Watch Investment Management is an alternative asset manager focused on global equities, selected based on our in-depth proprietary research. Our investment style is best described as value plus catalyst. Visit their website.
Company Info
Remitly Global, Inc., a cross-border payment company engages in the provision of digital financial services in the United States, Canada, and internationally.
Market Cap
$4.8B
Pitch Price
$22.65
Price Target
N/A
Dividend
N/A
EV/EBITDA
44.75
P/E
73.52
EV/Sales
2.72
Sector
Financial Services
Category
growth
Night Watch Investment Management Portfolio Holding: Remitly Global, Inc.
RELY: Remitly Global, fintech growing 30% via market share gains despite US consumer crisis. Attractive valuation at $13 post Q1 earnings miss, considering marketing spend as discretionary reinvestment. Company-specific growth drivers offset broader consumer spending weakness.
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