Should I buy or sell Remitly Global stock right now?

11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Remitly Global in the last year. There are currently 1 sell rating, 1 hold rating and 9 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" RELY shares. View RELY analyst ratings or view top-rated stocks .

What is Remitly Global's stock price target for 2024?

11 Wall Street analysts have issued 12 month price targets for Remitly Global's shares. Their RELY share price targets range from $19.00 to $34.00. On average, they predict the company's stock price to reach $27.60 in the next twelve months. This suggests a possible upside of 48.4% from the stock's current price. View analysts price targets for RELY or view top-rated stocks among Wall Street analysts .

When is Remitly Global's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 1st 2024. View our RELY earnings forecast .

How can I listen to Remitly Global's earnings call?

Remitly Global will be holding an earnings conference call on Wednesday, May 1st at 5:00 PM Eastern. Interested parties can register for or listen to the call using this link .

How were Remitly Global's earnings last quarter?

Remitly Global, Inc. (NYSE:RELY) released its quarterly earnings data on Wednesday, February, 21st. The financial services provider reported ($0.19) earnings per share for the quarter, missing the consensus estimate of ($0.17) by $0.02. The financial services provider had revenue of $264.76 million for the quarter, compared to analyst estimates of $261.35 million. Remitly Global had a negative trailing twelve-month return on equity of 22.81% and a negative net margin of 12.48%. The company's revenue for the quarter was up 38.6% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.11) earnings per share.

What ETFs hold Remitly Global's stock?

ETFs with the largest weight of Remitly Global (NYSE:RELY) stock in their portfolio include AOT Growth & Innovation ETF (AOTG) and Renaissance IPO ETF (IPO) . Fidelity Disruptive Finance ETF (FDFF) .

What guidance has Remitly Global issued on next quarter's earnings?

Remitly Global issued an update on its FY 2024 earnings guidance on Wednesday, February, 21st. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $1.2 billion-$1.3 billion, compared to the consensus revenue estimate of $1.2 billion.

When did Remitly Global IPO?

Remitly Global (RELY) raised $487 million in an IPO on Thursday, September 23rd 2021. The company issued 12,162,777 shares at a price of $38.00-$42.00 per share.

Who are Remitly Global's major shareholders?

Remitly Global's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Renaissance Capital LLC (0.05%). Insiders that own company stock include Ankur Sinha , Hemanth Munipalli , Joshua Hug , Matthew B Oppenheimer , Nigel W Morris , Pankaj Sharma, Rene Yoakum and William Kazuo Bryant . View institutional ownership trends .

NYSE:RELY

Remitly Global (RELY) Stock Price, News & Analysis

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Today's Range: $18.47
▼
$19.16
50-Day Range: $0.43
▼
$0.43
52-Week Range: $0.23
▼
$6.70

Volume: 663,990 shs
Average Volume: 971,639 shs
Market Capitalization: $3.51 billion

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $27.60

Stock Analysis Analyst Forecasts Competitors Earnings Headlines Insider Trades Options Chain Ownership Social Media

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Remitly Global MarketRank™ Stock Analysis

Analyst Rating: Moderate Buy
2.73 Rating Score
Upside/Downside: 48.4% Upside
$27.60 Price Target
Short Interest: N/A
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.00
Based on 5 Articles This Week
Insider Trading: Selling Shares
$3.38 M Sold Last Quarter
Proj. Earnings Growth: Growing
From ($0.38) to ($0.07) Per Share

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

2.44 out of 5 stars

Business Services Sector

179th out of 293 stocks

Business Services, Not Elsewhere Classified Industry

60th out of 83 stocks

4.4

Analyst's Opinion

Consensus Rating
Remitly Global has received a consensus rating of Moderate Buy. The company's average rating score is 2.73, and is based on 9 buy ratings, 1 hold rating, and 1 sell rating.
Amount of Analyst Coverage
Remitly Global has been the subject of 6 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

N/A

Short Interest

Short Interest
There is no current short interest data available for RELY.

0.0

Dividend Strength

Dividend Yield
Remitly Global does not currently pay a dividend.
Dividend Growth
Remitly Global does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for RELY.

0.6

News and Social Media Coverage

News Coverage This Week
MarketBeat has tracked 5 news articles for Remitly Global this week, compared to 8 articles on an average week.
Search Interest
13 people have searched for RELY on MarketBeat in the last 30 days. This is an increase of 117% compared to the previous 30 days.
MarketBeat Follows
Only 1 people have added Remitly Global to their MarketBeat watchlist in the last 30 days. This is a decrease of -50% compared to the previous 30 days.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In 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 $3,375,154.00 in company stock.
Percentage Held by Insiders
Only 8.60% of the stock of Remitly Global is held by insiders.
Percentage Held by Institutions
74.25% of the stock of Remitly Global is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

0.6

Earnings and Valuation

Earnings Growth
Earnings for Remitly Global are expected to grow in the coming year, from ($0.38) to ($0.07) per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Remitly Global is -28.18, 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. Sector
The P/E ratio of Remitly Global is -28.18, 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 Ratio
Remitly Global has a P/B Ratio of 6.50. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

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About Remitly Global Stock (NYSE:RELY)

Remitly 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.

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RELY Stock News Headlines

April 17, 2024 | globenewswire.com

Remitly to Report First Quarter Financial Results on Wednesday, May 1, 2024

April 17, 2024 | benzinga.com

5 Analysts Have This To Say About Remitly Global

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April 17, 2024 | nasdaq.com

Relative Strength Alert For Remitly Global

April 16, 2024 | finance.yahoo.com

One Remitly Global Insider Raised Stake By 17% In Previous Year

April 11, 2024 | finance.yahoo.com

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April 2, 2024 | msn.com

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March 28, 2024 | finance.yahoo.com

Online Marketplace Stocks Q4 In Review: Remitly (NASDAQ:RELY) Vs Peers

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March 21, 2024 | investing.com

Remitly global EVP sells shares worth over $300k

March 20, 2024 | markets.businessinsider.com

A Closer Look at 6 Analyst Recommendations For Remitly Global

March 19, 2024 | finance.yahoo.com

EVP, Customer and Culture Rene Yoakum Sells 15,000 Shares of Remitly Global Inc (RELY)

March 14, 2024 | markets.businessinsider.com

Buy Rating Affirmed for Remitly Global Amid Strong Q4 Results and Promising Growth Trajectory

March 13, 2024 | finance.yahoo.com

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March 10, 2024 | finance.yahoo.com

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February 27, 2024 | investorplace.com

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February 27, 2024 | finance.yahoo.com

Remitly Global, Inc. (NASDAQ:RELY) Q4 2023 Earnings Call Transcript

February 26, 2024 | realmoney.thestreet.com

Remitly Global price target raised by $4 at Barclays, here's why

February 23, 2024 | finance.yahoo.com

Remitly Global Full Year 2023 Earnings: EPS Beats Expectations

February 22, 2024 | globenewswire.com

Remitly Announces Upcoming Investor Conference Participation

February 22, 2024 | fool.com

Why Remitly Global Stock Was Soaring Today

February 22, 2024 | finanznachrichten.de

Remitly Global, Inc.: Remitly Reports Fourth Quarter and Full Year 2023 Results

February 22, 2024 | benzinga.com

5RELY : What 5 Analyst Ratings Have To Say About Remitly Global

February 22, 2024 | msn.com

Remitly Global stock jumps as Q4 results impress; BMO upgrades to Outperform

February 22, 2024 | finance.yahoo.com

Remitly (RELY) Shares Skyrocket, What You Need To Know

February 22, 2024 | finance.yahoo.com

Remitly Global Stock Surges After Earnings. It’s ‘in the Early Innings’ of Growth Story, Says Analyst.

See More Headlines

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Company Calendar

Last Earnings: 2/21/2024
Today: 4/19/2024
Next Earnings (Confirmed): 5/01/2024
Fiscal Year End: 12/31/2024

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Industry, Sector and Symbol

Stock Exchange: NYSE
Sector: Business Services
Industry: Business services, not elsewhere classified
Sub-Industry: N/A
Current Symbol: NYSE:RELY
CUSIP: N/A
CIK: 38984
Web: realindustryinc.com
Phone: +1-805-4351255
Fax: N/A
Employees: 2,700
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: $27.60
High Stock Price Target: $34.00
Low Stock Price Target: $19.00
Potential Upside/Downside: +48.4%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.73
Research Coverage: 11 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($0.66)
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $-117,840,000.00
Net Margins: -12.48%
Pretax Margin: -11.85%
Return on Equity: -22.81%
Return on Assets: -13.99%

Debt

Debt-to-Equity Ratio: 0.25
Current Ratio: 2.54
Quick Ratio: 2.54

Sales & Book Value

Annual Sales: $944.28 million
Price / Sales: 3.71
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: $2.86 per share
Price / Book: 6.50

Miscellaneous

Outstanding Shares: 188,510,000
Free Float: 172,294,000
Market Cap: $3.51 billion
Optionable: Optionable
Beta: 0.16

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Key Executives

Mr. Matthew B. Oppenheimer (Age 39)
Co-Founder, CEO, Pres & Director
Comp: $293.12k
Mr. Joshua Hug (Age 43)
Co-Founder, COO & Director
Comp: $297.81k
Mr. Hemanth Munipalli
Chief Financial Officer
Mr. Ankur Sinha
Chief Technology Officer
Ms. Rene Yoakum (Age 63)
EVP of Customer & Culture
Comp: $291.56k
Ms. Gail A. Miller
Chief Accounting Officer
Mr. Stephen M. Shulstein
VP of Investor Relations
Ms. Saema Somalya (Age 46)
Exec. VP of Legal & Risk and Sec.
Ms. Rina Hahn
Chief Marketing Officer
Mr. Karim Meghji (Age 54)
Exec. Advisor

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

RELY Stock Analysis - Frequently Asked Questions

Should I buy or sell Remitly Global stock right now?: 11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Remitly Global in the last year. There are currently 1 sell rating, 1 hold rating and 9 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" RELY shares.
View RELY analyst ratings or view top-rated stocks.
What is Remitly Global's stock price target for 2024?: 11 Wall Street analysts have issued 12 month price targets for Remitly Global's shares. Their RELY share price targets range from $19.00 to $34.00. On average, they predict the company's stock price to reach $27.60 in the next twelve months. This suggests a possible upside of 48.4% from the stock's current price.
View analysts price targets for RELY or view top-rated stocks among Wall Street analysts.
When is Remitly Global's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 1st 2024.
View our RELY earnings forecast.
How can I listen to Remitly Global's earnings call?: Remitly Global will be holding an earnings conference call on Wednesday, May 1st at 5:00 PM Eastern. Interested parties can register for or listen to the call using this link.
How were Remitly Global's earnings last quarter?: Remitly Global, Inc. (NYSE:RELY) released its quarterly earnings data on Wednesday, February, 21st. The financial services provider reported ($0.19) earnings per share for the quarter, missing the consensus estimate of ($0.17) by $0.02. The financial services provider had revenue of $264.76 million for the quarter, compared to analyst estimates of $261.35 million. Remitly Global had a negative trailing twelve-month return on equity of 22.81% and a negative net margin of 12.48%. The company's revenue for the quarter was up 38.6% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.11) earnings per share.

What ETFs hold Remitly Global's stock?: ETFs with the largest weight of Remitly Global (NYSE:RELY) stock in their portfolio include AOT Growth & Innovation ETF (AOTG) and Renaissance IPO ETF (IPO).Fidelity Disruptive Finance ETF (FDFF).
What guidance has Remitly Global issued on next quarter's earnings?: Remitly Global issued an update on its FY 2024 earnings guidance on Wednesday, February, 21st. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $1.2 billion-$1.3 billion, compared to the consensus revenue estimate of $1.2 billion.
When did Remitly Global IPO?: Remitly Global (RELY) raised $487 million in an IPO on Thursday, September 23rd 2021. The company issued 12,162,777 shares at a price of $38.00-$42.00 per share.
Who are Remitly Global's major shareholders?: Remitly Global's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Renaissance Capital LLC (0.05%). Insiders that own company stock include Ankur Sinha, Hemanth Munipalli, Joshua Hug, Matthew B Oppenheimer, Nigel W Morris, Pankaj Sharma, Rene Yoakum and William Kazuo Bryant.
View institutional ownership trends.

This page (NYSE:RELY) was last updated on 4/19/2024 by MarketBeat.com Staff

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Remitly Global (RELY) Stock Price, News & Analysis

Remitly Global MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Short Interest

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Remitly Global Stock (NYSE:RELY)

RELY Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Insiders & Institutions

RELY Stock Analysis - Frequently Asked Questions

Overall MarketRank^™