Professional
Added to YB: 2025-01-10
Pitch date: 2025-01-02
RELY [bullish]
Remitly Global, Inc.
-35.32%
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. engages in the provision of digital financial services in the United States, Canada, and internationally.
Market Cap
$3.2B
Pitch Price
$22.65
Price Target
N/A
Dividend
N/A
EV/EBITDA
47.75
P/E
161.60
EV/Sales
1.78
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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