NYSE:RELY Remitly Global (RELY) Stock Price, News & Analysis → He Is Giving Away Bitcoin (From Crypto Swap Profits) (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$17.03▼$17.7450-Day Range$0.43▼$0.4352-Week Range$0.23▼$6.70Volume2.98 million shsAverage Volume1.02 million shsMarket Capitalization$3.38 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/Downside56.2% Upside$27.40 Price TargetShort InterestN/ADividend StrengthN/ASustainabilityN/ANews Sentiment0.00Based on 10 Articles This WeekInsider TradingSelling Shares$3.39 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.2.57 out of 5 starsBusiness Services Sector176th out of 309 stocksBusiness Services, Not Elsewhere Classified Industry56th out of 87 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.Amount of Analyst CoverageRemitly Global has been the subject of 5 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 0.6 News and Social Media Coverage News Coverage This WeekMarketBeat has tracked 10 news articles for Remitly Global this week, compared to 7 articles on an average week.Search Interest8 people have searched for RELY on MarketBeat in the last 30 days. This is an increase of 60% compared to the previous 30 days.MarketBeat FollowsOnly 1 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 $3,392,549.00 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 -26.58, 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 -26.58, 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 6.13. 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 Paradigm PressBiden replacement revealed?A former CIA insider just announced a disturbing prediction… Biden will withdraw as the Democrat nominee on June 13.See his shocking evidence in this new report 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 Paradigm PressBiden replacement revealed?A former CIA insider just announced a disturbing prediction… Biden will withdraw as the Democrat nominee on June 13.See his shocking evidence in this new report RELY Stock News HeadlinesMay 1, 2024 | msn.comRemitly Global GAAP reports mixed Q1 results; updates FY24 outlookMay 1, 2024 | markets.businessinsider.comSell Rating on Remitly Global Amid Concerns Over Growth Sustainability and Marketing Spend EfficiencyMay 1, 2024 | Porter & Company (Ad)Trump’s last act as President You’ve probably never heard of Executive Order #13972. Signed by President Trump just days before leaving office, it greenlit what could be the most revolutionary technology of the decade… yet it has nothing to do with AI, blockchain, or mRNA vaccines. May 1, 2024 | finance.yahoo.comRemitly (NASDAQ:RELY) Misses Q1 Sales Targets, Stock Drops 20.7%May 1, 2024 | finance.yahoo.comRemitly Global Inc (RELY) Q1 2024 Earnings: Revenue Surges, Narrowing LossesMay 1, 2024 | globenewswire.comRemitly Reports First Quarter 2024 ResultsMay 1, 2024 | markets.businessinsider.comHere's what Wall Street expects from Remitly Global's earnings reportApril 30, 2024 | finance.yahoo.comRemitly (RELY) Reports Earnings Tomorrow: What To ExpectMay 1, 2024 | Porter & Company (Ad)Trump’s last act as President You’ve probably never heard of Executive Order #13972. Signed by President Trump just days before leaving office, it greenlit what could be the most revolutionary technology of the decade… yet it has nothing to do with AI, blockchain, or mRNA vaccines. April 24, 2024 | nasdaq.comValidea Detailed Fundamental Analysis - RELYApril 20, 2024 | msn.comThese Popular Stocks Are Dropping: What To Buy InsteadApril 17, 2024 | globenewswire.comRemitly to Report First Quarter Financial Results on Wednesday, May 1, 2024April 17, 2024 | benzinga.com5 Analysts Have This To Say About Remitly GlobalApril 17, 2024 | nasdaq.comRelative Strength Alert For Remitly GlobalApril 16, 2024 | finance.yahoo.comOne Remitly Global Insider Raised Stake By 17% In Previous YearApril 11, 2024 | finance.yahoo.comOnline Marketplace Stocks Q4 Earnings: MercadoLibre (NASDAQ:MELI) Firing on All CylindersApril 2, 2024 | msn.com3 Best Stocks to Buy Now, 4/2/2024, According to Top AnalystsMarch 28, 2024 | finance.yahoo.comOnline Marketplace Stocks Q4 In Review: Remitly (NASDAQ:RELY) Vs PeersMarch 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 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 ExpectFebruary 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 TranscriptSee 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 Earnings2/21/2024Today5/01/2024Next Earnings (Confirmed)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$27.40 High Stock Price Target$34.00 Low Stock Price Target$17.00 Potential Upside/Downside+57.4%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 / Sales3.57 Cash FlowN/A Price / Cash FlowN/A Book Value$2.86 per share Price / Book6.13Miscellaneous Outstanding Shares192,440,000Free Float172,294,000Market Cap$3.38 billion OptionableOptionable Beta0.16 7 Stocks to Own Before the 2024 ElectionLooking to avoid the hassle of mudslinging, volatility, and uncertainty? You'd need to be out of the market, which isn’t viable. So where should investors put their money? Find out with this report.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 CompetitorsEnvestnetNYSE:ENVConcentrixNASDAQ:CNXCPaymentusNYSE:PAYFlywireNASDAQ:FLYWDLocalNASDAQ:DLOView All CompetitorsInsiders & InstitutionsBaillie Gifford & Co.Sold 544,524 shares on 5/1/2024Ownership: 5.501%Mirae Asset Global Investments Co. Ltd.Sold 16,375 shares on 5/1/2024Ownership: 0.022%Caprock Group LLCBought 588 shares on 4/30/2024Ownership: 0.019%SkyOak Wealth LLCSold 5,701 shares on 4/30/2024Ownership: 0.009%Principal Financial Group Inc.Bought 2,920 shares on 4/29/2024Ownership: 0.010%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 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 brokers have issued twelve-month price objectives for Remitly Global's stock. Their RELY share price targets range from $17.00 to $34.00. On average, they predict the company's share price to reach $27.40 in the next year. This suggests a possible upside of 56.2% 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) posted 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 analysts' expectations of $261.35 million. Remitly Global had a negative net margin of 12.48% and a negative trailing twelve-month return on equity of 22.81%. Remitly Global's revenue for the quarter was up 38.6% compared to the same quarter last year. During the same period in the prior 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 updated its FY 2024 earnings guidance on Wednesday, May, 1st. 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 number of retail and institutional investors. Top institutional shareholders include Baillie Gifford & Co. (5.50%), Renaissance Capital LLC (0.05%), Mirae Asset Global Investments Co. Ltd. (0.02%), Caprock Group LLC (0.02%), Principal Financial Group Inc. (0.01%) and SkyOak Wealth LLC (0.01%). 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 5/1/2024 by MarketBeat.com Staff From Our Partners😱 This phenomenon is smashing regular market gainsMillPubBiden to Launch “FedNOW” [Move Your Money Now]Priority GoldHave You Seen Elon’s New A.I. Device? 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