NYSE:RELY Remitly Global (RELY) Stock Price, News & Analysis → Are You Positioned For The New Energy Goldrush? (From Wealthpin Pro) (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$12.90▼$13.2450-Day Range$0.43▼$0.4352-Week Range$0.23▼$6.70Volume1.79 million shsAverage Volume2.15 million shsMarket Capitalization$2.50 billionP/E RatioN/ADividend YieldN/APrice Target$26.30 Stock AnalysisStock AnalysisAnalyst ForecastsCompetitorsEarningsHeadlinesInsider TradesOptions ChainOwnershipTrendsStock AnalysisAnalyst ForecastsCompetitorsEarningsHeadlinesInsider TradesOptions ChainOwnershipTrends Get Remitly Global alerts: Email Address Remitly Global MarketRank™ Stock AnalysisAnalyst RatingModerate Buy2.73 Rating ScoreUpside/Downside102.4% Upside$26.30 Price TargetShort InterestN/ADividend StrengthN/ASustainabilityN/ANews Sentiment0.00Based on 3 Articles This WeekInsider TradingSelling Shares$3.89 M Sold Last QuarterProj. Earnings GrowthGrowingFrom ($0.38) to ($0.08) 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.2.41 out of 5 starsBusiness Services Sector179th out of 310 stocksBusiness Services, Not Elsewhere Classified Industry67th 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.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.Read more about Remitly Global's stock forecast and price target. 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 3 news articles for Remitly Global this week, compared to 7 articles on an average week.Search InterestOnly 2 people have searched for RELY on MarketBeat in the last 30 days. This is a decrease of -67% compared to the previous 30 days.MarketBeat Follows4 people have added Remitly Global to their MarketBeat watchlist in the last 30 days. This is an increase of 300% 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 $3,888,848.00 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. Previous Next 0.6 Earnings and Valuation Earnings GrowthEarnings for Remitly Global are expected to grow in the coming year, from ($0.38) to ($0.08) per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Remitly Global is -21.30, 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 -21.30, 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 4.56. 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. Previous Next See Top Rated MarketRank™ Stocks Here Ad Crypto Swap ProfitsClaim Your Complimentary Bitcoin RewardMany have already secured their free Bitcoin reward offered by our esteemed guest. How about you? In an effort to spread the word about our upcoming workshop, he's generously offering $10 in Bitcoin (BTC) to participants. Absolutely no strings attached.Secure Your Spot Now 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 ProfitsClaim Your Complimentary Bitcoin RewardMany have already secured their free Bitcoin reward offered by our esteemed guest. How about you? In an effort to spread the word about our upcoming workshop, he's generously offering $10 in Bitcoin (BTC) to participants. Absolutely no strings attached.Secure Your Spot Now RELY Stock News HeadlinesMay 31 at 4:05 PM | globenewswire.comRemitly to Present at the William Blair 44th Annual Growth Stock ConferenceMay 30 at 6:20 PM | prnewswire.comSHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Remitly Global, Inc. - RELYMay 23, 2024 | prnewswire.comSHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Remitly Global, Inc. - RELYMay 16, 2024 | prnewswire.comSHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Remitly Global, Inc. - RELYMay 16, 2024 | finance.yahoo.comInsider Selling: CEO Matthew Oppenheimer Sells 20,832 Shares of Remitly Global Inc (RELY)May 15, 2024 | globenewswire.comRemitly Announces May 2024 Investor Conference ParticipationMay 13, 2024 | bizjournals.comRemitly hires former DreamBox executive as chief people officerMay 10, 2024 | globenewswire.comRemitly Announces May 2024 Investor Conference ParticipationMay 7, 2024 | globenewswire.comRemitly Appoints Ronit Peled as Chief People OfficerMay 6, 2024 | prnewswire.comSHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Remitly Global, Inc. - RELYMay 6, 2024 | markets.businessinsider.comThe Analyst Landscape: 9 Takes On Remitly GlobalMay 3, 2024 | finance.yahoo.comRemitly Global First Quarter 2024 Earnings: EPS Beats Expectations, Revenues LagMay 2, 2024 | markets.businessinsider.comBuy Rating Affirmed: Remitly’s Strong EBITDA and Growth Potential Underscore Positive OutlookMay 2, 2024 | marketwatch.comRemitly Global Shares Tumble 13% After Below-Expectations 1Q RevenueMay 2, 2024 | markets.businessinsider.comAnalysts Are Bullish on These Technology Stocks: Remitly Global (RELY), Procore Technologies (PCOR)May 2, 2024 | fool.comWhy Remitly Global Stock Was Sliding TodayMay 2, 2024 | fool.comRemitly Global (RELY) Q1 2024 Earnings Call TranscriptMay 2, 2024 | finance.yahoo.comRemitly Global Inc (RELY) Q1 2024 Earnings Call Transcript Highlights: Strong Growth and ...May 2, 2024 | finance.yahoo.comQ1 2024 Remitly Global Inc Earnings CallMay 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 | 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 reportSee 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 Earnings5/01/2024Today6/02/2024Next Earnings (Estimated)8/07/2024Fiscal 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$26.30 High Stock Price Target$32.00 Low Stock Price Target$17.00 Potential Upside/Downside+102.4%Consensus RatingModerate Buy Rating Score (0-4)2.73 Research Coverage11 Analysts Profitability EPS (Most Recent Fiscal Year)($0.61) Trailing P/E RatioN/A Forward P/E RatioN/A P/E GrowthN/ANet Income$-117,840,000.00 Net Margins-10.96% Pretax Margin-10.31% Return on Equity-20.87% Return on Assets-11.85% Debt Debt-to-Equity Ratio0.27 Current Ratio2.64 Quick Ratio2.64 Sales & Book Value Annual Sales$944.28 million Price / Sales2.65 Cash FlowN/A Price / Cash FlowN/A Book Value$2.85 per share Price / Book4.56Miscellaneous Outstanding Shares192,480,000Free Float176,890,000Market Cap$2.50 billion OptionableOptionable Beta0.23 20 Stocks to Sell NowMarketBeat has just released its list of 20 stocks that Wall Street analysts hate. These companies may appear to have good fundamentals, but top analysts smell something seriously rotten. Are any of these companies lurking around your portfolio? Find out by clicking the link below.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 CompetitorsZillow GroupNASDAQ:ZZillow GroupNASDAQ:ZGMaplebearNASDAQ:CARTWEXNYSE:WEXEtsyNASDAQ:ETSYView All CompetitorsInsiders & InstitutionsJoshua HugSold 26,239 sharesTotal: $347,141.97 ($13.23/share)Teachers Retirement System of The State of KentuckySold 3,223 shares on 5/28/2024Ownership: 0.026%Jacobs Levy Equity Management Inc.Sold 401,982 shares on 5/16/2024Ownership: 0.121%California State Teachers Retirement SystemSold 4,376 shares on 5/16/2024Ownership: 0.072%Jane Street Group LLCBought 100,700 shares on 5/16/2024Ownership: 0.000%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 equities 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 equities 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 equities research analysts have issued 12 month price objectives for Remitly Global's shares. Their RELY share price targets range from $17.00 to $32.00. On average, they expect the company's share price to reach $26.30 in the next twelve months. This suggests a possible upside of 102.4% 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, August 7th 2024. View our RELY earnings forecast. How were Remitly Global's earnings last quarter? Remitly Global, Inc. (NYSE:RELY) announced its quarterly earnings results on Wednesday, May, 1st. The financial services provider reported ($0.11) EPS for the quarter, beating the consensus estimate of ($0.14) by $0.03. The financial services provider had revenue of $269.12 million for the quarter, compared to analyst estimates of $273.98 million. Remitly Global had a negative net margin of 10.96% and a negative trailing twelve-month return on equity of 20.87%. The business's quarterly revenue was up 32.0% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.16) EPS. 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).Renaissance IPO ETF (IPO). 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 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 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 stock is owned by a number of retail and institutional investors. Top institutional investors include Vanguard Group Inc. (6.71%), Baillie Gifford & Co. (5.50%), Lord Abbett & CO. LLC (1.28%), Hood River Capital Management LLC (0.32%), Brighton Jones LLC (0.19%) and Swiss National Bank (0.14%). 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. 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