NYSE:RELY Remitly Global (RELY) Stock Price, News & Analysis → This consistently signaled gains of 453%... 610%... and even 1036%... (From Insiders Exposed) (Ad) Free RELY Stock Alerts Notice: This company has been marked as potentially delisted and may not be actively trading. Add Compare Share Share Today's Range$20.54▼$21.0850-Day Range$0.43▼$0.4352-Week Range$0.23▼$6.70Volume654,808 shsAverage Volume1.15 million shsMarket Capitalization$3.94 billionP/E RatioN/ADividend YieldN/APrice Target$27.60 Stock AnalysisStock AnalysisAnalyst ForecastsCompetitorsEarningsHeadlinesInsider TradesOptions ChainOwnershipSocial MediaStock AnalysisAnalyst ForecastsCompetitorsEarningsHeadlinesInsider TradesOptions ChainOwnershipSocial Media Get Remitly Global alerts: Email Address Remitly Global MarketRank™ Stock AnalysisAnalyst RatingModerate Buy2.73 Rating ScoreUpside/Downside31.9% Upside$27.60 Price TargetShort InterestN/ADividend StrengthN/ASustainabilityN/ANews Sentiment0.00Based on 3 Articles This WeekInsider TradingSelling Shares$2.12 M Sold Last QuarterProj. Earnings GrowthGrowingFrom ($0.38) to ($0.07) Per ShareSee Full Details Hide Full Details 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.2.28 out of 5 starsBusiness Services Sector179th out of 311 stocksBusiness Services, Not Elsewhere Classified Industry62nd out of 91 stocks 4.4 Analyst's Opinion Consensus RatingRemitly 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.Price Target Upside/DownsideAccording to analysts' consensus price target of $27.60, Remitly Global has a forecasted upside of 31.9% from its current price of $20.92.Amount of Analyst CoverageRemitly Global has been the subject of 6 research reports in the past 90 days, demonstrating strong analyst interest in this stock. Previous Next N/A Short Interest Short InterestThere is no current short interest data available for RELY. Previous Next 0.0 Dividend Strength Dividend YieldRemitly Global does not currently pay a dividend.Dividend GrowthRemitly Global does not have a long track record of dividend growth. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for RELY. Previous Next 0.0 News and Social Media Coverage News Coverage This WeekMarketBeat has tracked 3 news articles for Remitly Global this week, compared to 8 articles on an average week.Search InterestOnly 6 people have searched for RELY on MarketBeat in the last 30 days. This is a decrease of -50% compared to the previous 30 days.MarketBeat FollowsOnly 3 people have added Remitly Global to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days. Previous Next 2.5 Company Ownership 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 $2,118,854.00 in company stock.Percentage Held by InsidersOnly 8.60% 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. Previous Next 0.6 Earnings and Valuation Earnings GrowthEarnings 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 MarketThe P/E ratio of Remitly Global is -31.70, 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 -31.70, 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 7.31. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here Ad DTIBuy Friday, Sell Monday, No Exceptions Every week traders grind it out Monday through Friday… But neglect trading Friday to Monday… Or… “over the weekend” As one professional trader explains, trading over the weekend is one of the most forgiving strategies you can use today. It allows him to sidestep a lot of the midweek volatility. Yet, gives him the opportunity to target some of the markets biggest stock moves. Just recently, he posted a trade on Nordstrom… The trade was published at 3pm on a Friday afternoon and by Monday morning the trade more than doubled.And for the first time in 2024, he’s sharing his strategy for free. 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.Read More Ad Crypto Swap ProfitsGrab Your Free Bitcoin Today!And my special guest is willing to give you $10 in Bitcoin (BTC) if you take it seriously. Right now is a very important time to pay attention to what we are doing and what is happening. If you wait... it will be too late. This week we are holding several workshops and if you attend and pay attention my special guest is going to send you $10 in Bitcoin.>> Register right here RELY Stock News HeadlinesMarch 22, 2024 | investorplace.com3 Stocks That Could Make You Richer Than Your Wildest DreamsMarch 21, 2024 | investing.comRemitly global EVP sells shares worth over $300kMarch 28, 2024 | MarketBeat (Ad)Your $200 account credit is about to expireUpdate to MarketBeat All Access and Save $300 on Your Annual SubscriptionMarch 20, 2024 | markets.businessinsider.comA Closer Look at 6 Analyst Recommendations For Remitly GlobalMarch 19, 2024 | finance.yahoo.comEVP, Customer and Culture Rene Yoakum Sells 15,000 Shares of Remitly Global Inc (RELY)March 14, 2024 | markets.businessinsider.comBuy Rating Affirmed for Remitly Global Amid Strong Q4 Results and Promising Growth TrajectoryMarch 13, 2024 | finance.yahoo.comSkillz (SKLZ) Q4 Earnings Report Preview: What To Look ForMarch 10, 2024 | finance.yahoo.comPlayStudios (MYPS) Q4 Earnings: What To ExpectMarch 28, 2024 | MarketBeat (Ad)Your $200 account credit is about to expireUpdate to MarketBeat All Access and Save $300 on Your Annual SubscriptionFebruary 27, 2024 | investorplace.com7 Little-Known Growth Stocks With Triple-Digit Upside PotentialFebruary 27, 2024 | finance.yahoo.comRemitly Global, Inc. (NASDAQ:RELY) Q4 2023 Earnings Call TranscriptFebruary 26, 2024 | realmoney.thestreet.comRemitly Global price target raised by $4 at Barclays, here's whyFebruary 23, 2024 | finance.yahoo.comRemitly Global Full Year 2023 Earnings: EPS Beats ExpectationsFebruary 22, 2024 | globenewswire.comRemitly Announces Upcoming Investor Conference ParticipationFebruary 22, 2024 | fool.comWhy Remitly Global Stock Was Soaring TodayFebruary 22, 2024 | finanznachrichten.deRemitly Global, Inc.: Remitly Reports Fourth Quarter and Full Year 2023 ResultsFebruary 22, 2024 | benzinga.com5RELY : What 5 Analyst Ratings Have To Say About Remitly GlobalFebruary 22, 2024 | msn.comRemitly Global stock jumps as Q4 results impress; BMO upgrades to OutperformFebruary 22, 2024 | finance.yahoo.comRemitly (RELY) Shares Skyrocket, What You Need To KnowFebruary 22, 2024 | finance.yahoo.comRemitly Global Stock Surges After Earnings. It’s ‘in the Early Innings’ of Growth Story, Says Analyst.February 22, 2024 | barrons.comRemitly Global Stock Surges After Earnings. It's ‘in the Early Innings' of Growth Story, Says Analyst.February 22, 2024 | markets.businessinsider.comJMP Securities Keeps Their Buy Rating on Remitly Global (RELY)February 22, 2024 | markets.businessinsider.comWhat 5 Analyst Ratings Have To Say About Remitly GlobalFebruary 22, 2024 | markets.businessinsider.comMaintaining Sell Rating on Remitly Global Amidst Uncertainty and Potential Unachievable ForecastsFebruary 22, 2024 | markets.businessinsider.comBuy Rating for Remitly Global Amid Strong Growth and Upward Financial TrajectoryFebruary 22, 2024 | fool.comRemitly Global (RELY) Q4 2023 Earnings Call TranscriptFebruary 21, 2024 | markets.businessinsider.comRemitly Reports Fourth Quarter and Full Year 2023 ResultsSee More Headlines 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 Company Calendar Last Earnings2/21/2024Today3/28/2024Next Earnings (Estimated)5/01/2024Fiscal Year End12/31/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE SectorBusiness Services Industry Business services, not elsewhere classified Sub-IndustryN/A Current SymbolNYSE:RELY CUSIPN/A CIK38984 Webrealindustryinc.com Phone+1-805-4351255FaxN/AEmployees2,700Year FoundedN/APrice Target and Rating Average Stock Price Target$27.60 High Stock Price Target$34.00 Low Stock Price Target$19.00 Potential Upside/Downside+31.9%Consensus RatingModerate Buy Rating Score (0-4)2.73 Research Coverage11 Analysts Profitability EPS (Most Recent Fiscal Year)($0.66) Trailing P/E RatioN/A Forward P/E RatioN/A P/E GrowthN/ANet Income$-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 Ratio0.25 Current Ratio2.54 Quick Ratio2.54 Sales & Book Value Annual Sales$944.28 million Price / Sales4.18 Cash FlowN/A Price / Cash FlowN/A Book Value$2.86 per share Price / Book7.31Miscellaneous Outstanding Shares188,510,000Free Float172,294,000Market Cap$3.94 billion OptionableOptionable Beta0.16 Beginner's Guide to Pot Stock InvestingClick the link below and we'll send you MarketBeat's guide to pot stock investing and which pot companies show the most promise. Get This Free Report Key ExecutivesMr. Matthew B. Oppenheimer (Age 39)Co-Founder, CEO, Pres & Director Comp: $293.12kMr. Joshua Hug (Age 43)Co-Founder, COO & Director Comp: $297.81kMr. Hemanth MunipalliChief Financial OfficerMr. Ankur SinhaChief Technology OfficerMs. Rene Yoakum (Age 63)EVP of Customer & Culture Comp: $291.56kMs. Gail A. MillerChief Accounting OfficerMr. Stephen M. ShulsteinVP of Investor RelationsMs. Saema Somalya (Age 46)Exec. VP of Legal & Risk and Sec. Ms. Rina HahnChief Marketing OfficerMr. Karim Meghji (Age 54)Exec. Advisor More ExecutivesKey CompetitorsCBIZNYSE:CBZNuveiNASDAQ:NVEIConcentrixNASDAQ:CNXCDLocalNASDAQ:DLOEnvestnetNYSE:ENVView All CompetitorsInsiders & InstitutionsJoshua HugSold 20,000 sharesTotal: $411,200.00 ($20.56/share)Rene YoakumSold 15,000 sharesTotal: $301,200.00 ($20.08/share)Matthew B OppenheimerSold 10,416 sharesTotal: $213,944.64 ($20.54/share)Vanguard Group Inc.Bought 1,350,678 shares on 3/11/2024Ownership: 6.891%Ankur SinhaSold 1,112 sharesTotal: $23,352.00 ($21.00/share)View All Insider TransactionsView All Institutional Transactions RELY Stock Analysis - Frequently Asked Questions Should I buy or sell Remitly Global stock right now? 11 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Remitly Global in the last twelve months. There are currently 1 sell rating, 1 hold rating and 9 buy ratings for the stock. The consensus among Wall Street research 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 analysts have issued 1 year target prices for Remitly Global's shares. Their RELY share price targets range from $19.00 to $34.00. On average, they anticipate the company's stock price to reach $27.60 in the next twelve months. This suggests a possible upside of 31.9% 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 were Remitly Global's earnings last quarter? Remitly Global, Inc. (NYSE:RELY) released its earnings results on Wednesday, February, 21st. The financial services provider reported ($0.19) earnings per share for the quarter, missing analysts' consensus estimates of ($0.17) by $0.02. The financial services provider earned $264.76 million during 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%. Remitly Global's quarterly revenue was up 38.6% on a year-over-year basis. During the same quarter last year, the business earned ($0.11) EPS. What ETFs hold Remitly Global's stock? ETFs with the largest weight of Remitly Global (NYSE:RELY) stock in their portfolio include 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 initial public offering (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 Vanguard Group Inc. (7.02%), Vanguard Group Inc. (6.89%), Baillie Gifford & Co. (6.01%), Generation Investment Management LLP (4.15%), Wellington Management Group LLP (2.74%) and Massachusetts Financial Services Co. MA (1.20%). 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 3/28/2024 by MarketBeat.com Staff From Our PartnersTrump’s “Tax Free” Retirement Strategy Gold Safe ExchangeGrab Your Free Bitcoin Today!Crypto Swap ProfitsTop Project Outperforms BTC in 2023…Crypto 101 MediaMake This $3 Trade the Instant the Opening Bell RingsMonument Traders AllianceThis AI Trade Machine Made 1,729%* (With 89% Wins)Prosper Trading Academy“The Stock Market’s Bull Run is Far from Over” -BarronsVertical Research AdvisoryUrgent: Protect Your Investments from a Chinese InvasionBehind the MarketsSHOCKING Footage From Tesla Gigafactory In Austin, TexasInvestorPlace Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding Remitly Global, Inc. Please log in to your account or sign up in order to add this asset to your watchlist. Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report. Advanced Stock Screeners and Research Tools Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis. Start Your 30-Day Free Trial Sign in to your free account to enjoy these benefits In-depth profiles and analysis for 20,000 public companies. Real-time analyst ratings, insider transactions, earnings data, and more. Our daily ratings and market update email newsletter. Sign in to your free account to enjoy all that MarketBeat has to offer. Sign In Create Account Your Email Address: Your Password: or Sign in with Facebook Sign in with Google Forgot your password? Your Email Address: Choose a Password: Create My Account (Free) or Sign in with Facebook Sign in with Google By creating a free account, you agree to our terms of service. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.