NASDAQ:RELY Remitly Global (RELY) Stock Price, News & Analysis $20.91 -0.03 (-0.13%) As of 01:54 PM Eastern This is a fair market value price provided by Polygon.io. Learn more. Add Compare Share Share Stock Analysis Stock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestTrendsBuy This Stock About Remitly Global Stock (NASDAQ:RELY) 30 days 90 days 365 days Advanced Chart View Price History Chart DataSkip Price History Chart Get Remitly Global alerts:Sign Up Key Stats Today's Range$20.72▼$21.1150-Day Range$18.65▼$24.0052-Week Range$11.60▼$27.32Volume952,249 shsAverage Volume1.97 million shsMarket Capitalization$4.26 billionP/E RatioN/ADividend YieldN/APrice Target$28.50Consensus RatingModerate Buy Company OverviewRemitly Global, Inc. provides digital financial services for immigrants and their families. It primarily offers cross-border remittance services in approximately 170 countries. The company was incorporated in 2011 and is headquartered in Seattle, Washington.Read More… Remitly Global Stock Analysis - MarketRank™See Top-Rated MarketRank™ Stocks82nd Percentile Overall ScoreRELY MarketRank™: Remitly Global scored higher than 82% of companies evaluated by MarketBeat, and ranked 141st out of 321 stocks in the business services sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation. Analyst's Opinion4.4 / 5Analyst RatingModerate Buy Consensus RatingRemitly Global has received a consensus rating of Moderate Buy. The company's average rating score is 2.89, and is based on 8 buy ratings, 1 hold rating, and no sell ratings.Amount of Analyst CoverageRemitly Global has been the subject of 8 research reports in the past 90 days, demonstrating strong analyst interest in this stock.Read more about Remitly Global's stock forecast and price target. Earnings and Valuation0.6 / 5Proj. Earnings GrowthGrowing Earnings GrowthEarnings for Remitly Global are expected to grow in the coming year, from ($0.04) to $0.15 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Remitly Global is -110.76, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Earnings Ratio vs. SectorThe P/E ratio of Remitly Global is -110.76, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Book Value per Share RatioRemitly Global has a P/B Ratio of 6.34. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.Read more about Remitly Global's valuation and earnings. Short Interest5.0 / 5Short Interest LevelHealthy Percentage of Shares Shorted4.60% of the float of Remitly Global has been sold short.Short Interest Ratio / Days to CoverRemitly Global has a short interest ratio ("days to cover") of 3, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Remitly Global has recently decreased by 15.06%, indicating that investor sentiment is improving significantly. Dividend0.0 / 5Dividend StrengthN/A Dividend YieldRemitly Global does not currently pay a dividend.Dividend GrowthRemitly Global does not have a long track record of dividend growth. Sustainability and ESGN/AEnvironmental ScoreN/A Percentage of Shares Shorted4.60% of the float of Remitly Global has been sold short.Short Interest Ratio / Days to CoverRemitly Global has a short interest ratio ("days to cover") of 3, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Remitly Global has recently decreased by 15.06%, indicating that investor sentiment is improving significantly. News and Social Media3.6 / 5News Sentiment1.46 News SentimentRemitly Global has a news sentiment score of 1.46. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.75 average news sentiment score of Business Services companies.News Coverage This WeekMarketBeat has tracked 19 news articles for Remitly Global this week, compared to 5 articles on an average week.Search Interest3 people have searched for RELY on MarketBeat in the last 30 days. This is an increase of 50% compared to the previous 30 days.MarketBeat FollowsOnly 2 people have added Remitly Global to their MarketBeat watchlist in the last 30 days. This is a decrease of -67% compared to the previous 30 days. Company Ownership2.5 / 5Insider TradingSelling Shares Insider Buying vs. Insider SellingIn the past three months, Remitly Global insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $1,133,685.00 in company stock.Percentage Held by InsidersOnly 8.10% of the stock of Remitly Global is held by insiders.Percentage Held by Institutions74.25% of the stock of Remitly Global is held by institutions. High institutional ownership can be a signal of strong market trust in this company.Read more about Remitly Global's insider trading history. Receive RELY Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Remitly Global and its competitors with MarketBeat's FREE daily newsletter. Email Address RELY Stock News HeadlinesJoshua Hug Sells 10,000 Shares of Remitly Global, Inc. (NASDAQ:RELY) StockApril 22, 2025 | insidertrades.comThe Most Intelligent Growth Stock to Buy With $2,000 TodayMay 3 at 4:31 AM | fool.comThe Man I Turn to In Times Like ThisA storm is brewing in the markets: new tariffs, recession warnings, and panic in the headlines. That’s when publisher Brett Aitken turns to Whitney Tilson—a man CNBC once dubbed “The Prophet.” Tilson just released a new prediction that runs counter to what mainstream finance is telling you.May 5, 2025 | Stansberry Research (Ad)Reviewing CURRENC Group (NASDAQ:CURR) & Remitly Global (NASDAQ:RELY)May 3 at 1:31 AM | americanbankingnews.comStock Market Sell-Off: 2 Stocks That Can Triple Your Money in 5 YearsApril 27, 2025 | fool.comBrokerages Set Remitly Global, Inc. (NASDAQ:RELY) Price Target at $28.50April 27, 2025 | americanbankingnews.comKeyCorp Issues Pessimistic Forecast for Remitly Global (NASDAQ:RELY) Stock PriceApril 25, 2025 | americanbankingnews.comRemitly Global price target lowered to $24 from $33 at KeyBancApril 24, 2025 | markets.businessinsider.comSee More Headlines RELY Stock Analysis - Frequently Asked Questions How have RELY shares performed this year? Remitly Global's stock was trading at $22.57 at the start of the year. Since then, RELY shares have decreased by 6.8% and is now trading at $21.0450. View the best growth stocks for 2025 here. How were Remitly Global's earnings last quarter? Remitly Global, Inc. (NASDAQ:RELY) released its quarterly earnings data on Wednesday, February, 19th. The financial services provider reported ($0.03) EPS for the quarter, topping the consensus estimate of ($0.07) by $0.04. The financial services provider earned $351.90 million during the quarter, compared to the consensus estimate of $343.67 million. Remitly Global had a negative net margin of 2.93% and a negative trailing twelve-month return on equity of 6.10%. Read the conference call transcript. When did Remitly Global IPO? Remitly Global (RELY) raised $487 million in an initial public offering (IPO) on Thursday, September 23rd 2021. The company issued 12,162,777 shares at $38.00-$42.00 per share. Who are Remitly Global's major shareholders? Remitly Global's top institutional investors include Massachusetts Financial Services Co. MA (0.41%), Principal Financial Group Inc. (0.34%), Bank of New York Mellon Corp (0.30%) and Penserra Capital Management LLC (0.18%). Insiders that own company stock include Matthew B Oppenheimer, Joshua Hug, Nigel W Morris, Ankur Sinha, Pankaj Sharma, Hemanth Munipalli and Rene Yoakum. View institutional ownership trends. How do I buy shares of Remitly Global? Shares of RELY stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. What other stocks do shareholders of Remitly Global own? Based on aggregate information from My MarketBeat watchlists, some other companies that Remitly Global investors own include Bank of America (BAC), Cenveo (CVO), Gran Tierra Energy (GTE), OncoSec Medical (ONCS), Ascent Solar Technologies (ASTI), Icahn Enterprises (IEP) and Synergy Pharmaceuticals (SGYP). Company Calendar Last Earnings2/19/2025Today5/05/2025Next Earnings (Estimated)5/07/2025Fiscal Year End12/31/2025Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ SectorBusiness Services Industry Business services, not elsewhere classified Sub-IndustryBusiness Services Current SymbolNASDAQ:RELY Previous SymbolNASDAQ:RELY CIK1782170 Webrealindustryinc.com Phone+1-805-4351255FaxN/AEmployees2,700Year FoundedN/APrice Target and Rating Average Stock Price Target$28.50 High Stock Price Target$32.00 Low Stock Price Target$24.00 Potential Upside/Downside+36.1%Consensus RatingModerate Buy Rating Score (0-4)2.89 Research Coverage9 Analysts Profitability EPS (Most Recent Fiscal Year)($0.19) Trailing P/E RatioN/A Forward P/E RatioN/A P/E GrowthN/ANet Income$-117,840,000.00 Net Margins-2.93% Pretax Margin-2.39% Return on Equity-6.10% Return on Assets-3.69% Debt Debt-to-Equity RatioN/A Current Ratio2.73 Quick Ratio2.66 Sales & Book Value Annual Sales$1.26 billion Price / Sales3.38 Cash FlowN/A Price / Cash FlowN/A Book Value$3.32 per share Price / Book6.31Miscellaneous Outstanding Shares203,844,000Free Float182,018,000Market Cap$4.27 billion OptionableOptionable Beta0.15 Social Links Reduce the RiskMarket downturns give many investors pause, and for good reason. 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