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NASDAQ:RELY

Remitly Global (RELY) Stock Price, News & Analysis

Remitly Global logo
$16.02 +0.24 (+1.49%)
As of 01:51 PM Eastern
This is a fair market value price provided by Polygon.io. Learn more.

About Remitly Global Stock (NASDAQ:RELY)

Key Stats

Today's Range
$15.79
$16.06
50-Day Range
$15.79
$22.33
52-Week Range
$12.43
$27.32
Volume
1.66 million shs
Average Volume
2.75 million shs
Market Capitalization
$3.27 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$28.88
Consensus Rating
Moderate Buy

Company Overview

Remitly Global Stock Analysis - MarketRank™

See Top-Rated MarketRank™ Stocks
54th Percentile Overall Score

RELY MarketRank™: 

Remitly Global scored higher than 54% of companies evaluated by MarketBeat, and ranked 164th out of 305 stocks in the business services sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    Remitly 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 Coverage

    Remitly Global has only been the subject of 4 research reports in the past 90 days.

  • Read more about Remitly Global's stock forecast and price target.
  • Earnings Growth

    Earnings 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 Market

    The P/E ratio of Remitly Global is -528.33, 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 -528.33, 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 4.73. 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.
  • Percentage of Shares Shorted

    8.14% of the float of Remitly Global has been sold short.
  • Short Interest Ratio / Days to Cover

    Remitly Global has a short interest ratio ("days to cover") of 4.
  • Change versus previous month

    Short interest in Remitly Global has recently decreased by 4.58%, indicating that investor sentiment is improving.
  • Dividend Yield

    Remitly Global does not currently pay a dividend.

  • Dividend Growth

    Remitly Global does not have a long track record of dividend growth.

  • Percentage of Shares Shorted

    8.14% of the float of Remitly Global has been sold short.
  • Short Interest Ratio / Days to Cover

    Remitly Global has a short interest ratio ("days to cover") of 4.
  • Change versus previous month

    Short interest in Remitly Global has recently decreased by 4.58%, indicating that investor sentiment is improving.
  • News Sentiment

    Remitly Global has a news sentiment score of 0.94. 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 0.53 average news sentiment score of Business Services companies.
  • News Coverage This Week

    MarketBeat has tracked 4 news articles for Remitly Global this week, compared to 6 articles on an average week.
  • Search Interest

    6 people have searched for RELY on MarketBeat in the last 30 days. This is an increase of 500% 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 -67% compared to the previous 30 days.
  • 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 $276,183,987.00 in company stock.

  • Percentage Held by Insiders

    Only 8.10% 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.

  • Read more about Remitly Global's insider trading history.
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RELY Stock News Headlines

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RELY Stock Analysis - Frequently Asked Questions

Remitly Global's stock was trading at $22.57 at the beginning of the year. Since then, RELY shares have decreased by 29.6% and is now trading at $15.8810.

Remitly Global, Inc. (NASDAQ:RELY) announced its quarterly earnings results on Wednesday, May, 7th. The financial services provider reported $0.05 EPS for the quarter, beating the consensus estimate of ($0.04) by $0.09. Remitly Global's revenue for the quarter was up 34.3% on a year-over-year basis.
Read the conference call transcript
.

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

Remitly Global's top institutional investors include LB Partners LLC (0.31%), Blair William & Co. IL (0.10%), LGT Fund Management Co Ltd. (0.09%) and Palisades Investment Partners LLC (0.09%). Insiders that own company stock include Ltd Naspers, Matthew B Oppenheimer, Joshua Hug, Nigel W Morris, Ankur Sinha, Pankaj Sharma, Hemanth Munipalli, Bora Chung, Phillip John Riese, Rene Yoakum and Luke Tavis.
View institutional ownership trends
.

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.

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 Earnings
5/07/2025
Today
8/04/2025
Next Earnings (Estimated)
8/06/2025
Fiscal Year End
12/31/2025

Industry, Sector and Symbol

Stock Exchange
NASDAQ
Industry
Financial Transaction Services
Sub-Industry
Business Services
Current Symbol
NASDAQ:RELY
Previous Symbol
NASDAQ:RELY
CIK
1782170
Fax
N/A
Employees
2,800
Year Founded
N/A

Price Target and Rating

High Price Target
$32.00
Low Price Target
$25.00
Potential Upside/Downside
+82.9%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.89
Research Coverage
9 Analysts

Profitability

EPS (Trailing Twelve Months)
($0.03)
Trailing P/E Ratio
N/A
Forward P/E Ratio
N/A
P/E Growth
N/A
Net Income
-$36.98 million
Net Margins
-0.34%
Pretax Margin
0.35%
Return on Equity
-0.70%
Return on Assets
-0.45%

Debt

Debt-to-Equity Ratio
N/A
Current Ratio
2.78
Quick Ratio
2.78

Sales & Book Value

Annual Sales
$1.26 billion
Price / Sales
2.55
Cash Flow
N/A
Price / Cash Flow
N/A
Book Value
$3.36 per share
Price / Book
4.70

Miscellaneous

Outstanding Shares
203,860,000
Free Float
187,346,000
Market Cap
$3.22 billion
Optionable
Optionable
Beta
0.12

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This page (NASDAQ:RELY) was last updated on 8/4/2025 by MarketBeat.com Staff
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