NYSE:RELY Remitly Global (RELY) Stock Price, News & Analysis → Elon’s New Device is About to Shock the World (From InvestorPlace) (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$14.87▼$15.9550-Day Range$0.43▼$0.4352-Week Range$0.23▼$6.70Volume3.02 million shsAverage Volume1.49 million shsMarket Capitalization$2.87 billionP/E RatioN/ADividend YieldN/APrice Target$26.40 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/Downside77.1% Upside$26.40 Price TargetShort InterestN/ADividend StrengthN/ASustainabilityN/ANews Sentiment0.00Based on 17 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.2.56 out of 5 starsBusiness Services Sector1087th out of 1,878 stocksBusiness Services, Not Elsewhere Classified Industry361st out of 534 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. 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 17 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 -33% compared to the previous 30 days.MarketBeat Follows1 people have added Remitly Global to their MarketBeat watchlist in the last 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 -24.44, 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 -24.44, 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 5.23. 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 Behind the MarketsThe only AI company you should be looking atThis is the ONLY AI company you should be watching right now. No. It's not Nvidia, Intel, or Microsoft... It's a tiny biotech using proprietary AI to assist in new drug discovery at a rate 100,000 times faster than a human. This new drug discovery technique will change the market. And that's why they received a $50 million investment from an AI powerhouse.Get the stock ticker here >>> 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 Behind the MarketsThe only AI company you should be looking atThis is the ONLY AI company you should be watching right now. No. It's not Nvidia, Intel, or Microsoft... It's a tiny biotech using proprietary AI to assist in new drug discovery at a rate 100,000 times faster than a human. This new drug discovery technique will change the market. And that's why they received a $50 million investment from an AI powerhouse.Get the stock ticker here >>> RELY Stock News HeadlinesMay 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 5, 2024 | Colonial Metals (Ad)Conflict In Israel Sends Gold Soaring ???? Here’s How To Get Your ShareThe latest flare-up between Israel and Palestinian militants has sent gold prices surging. Why? Because savvy investors know the endgame of the elites at play… Geopolitical crises breed uncertainty — and gold thrives on uncertainty. May 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 5, 2024 | Colonial Metals (Ad)Conflict In Israel Sends Gold Soaring ???? Here’s How To Get Your ShareThe latest flare-up between Israel and Palestinian militants has sent gold prices surging. Why? Because savvy investors know the endgame of the elites at play… Geopolitical crises breed uncertainty — and gold thrives on uncertainty. 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 reportApril 30, 2024 | finance.yahoo.comRemitly (RELY) Reports Earnings Tomorrow: What To ExpectApril 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 DreamsSee 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 Earnings5/01/2024Today5/04/2024Next 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$26.40 High Stock Price Target$32.00 Low Stock Price Target$17.00 Potential Upside/Downside+77.1%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 Ratio2.54 Sales & Book Value Annual Sales$944.28 million Price / Sales3.04 Cash FlowN/A Price / Cash FlowN/A Book Value$2.85 per share Price / Book5.23Miscellaneous Outstanding Shares192,480,000Free Float175,888,000Market Cap$2.87 billion OptionableOptionable Beta0.23 A Guide To High-Short-Interest StocksMarketBeat's analysts have just released their top five short plays for May 2024. Learn which stocks have the most short interest and how to trade them. Click the link below to see which companies made the list.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 & InstitutionsGSA Capital Partners LLPSold 177,052 shares on 5/3/2024Ownership: 0.040%Baillie 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%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 price targets for Remitly Global's stock. Their RELY share price targets range from $17.00 to $32.00. On average, they expect the company's share price to reach $26.40 in the next year. This suggests a possible upside of 77.1% 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) released its quarterly earnings results on Wednesday, May, 1st. The financial services provider reported ($0.11) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.14) by $0.03. The financial services provider earned $269.12 million during the quarter, compared to the consensus estimate 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 firm's quarterly revenue was up 32.0% on a year-over-year basis. During the same period in the previous year, the business posted ($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) 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, May, 1st. The company provided 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 investors include Baillie Gifford & Co. (5.50%), Renaissance Capital LLC (0.05%), GSA Capital Partners LLP (0.04%), Mirae Asset Global Investments Co. Ltd. (0.02%), Caprock Group LLC (0.02%) and Principal Financial Group Inc. (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 5/5/2024 by MarketBeat.com Staff From Our PartnersBiden to Launch “FedNOW” [Move Your Money Now]Priority GoldElon to Transform U.S. Economy? Porter & CompanyAutomatic Income (from home)Awesomely, LLCThe asset beating inflation by 4xColonial MetalsCould Your Accounts Be Frozen?Allegiance GoldThe only AI company you should be looking atBehind the MarketsThe A.I. story nobody is telling you (Read ASAP)TradeSmithHave You Seen Elon’s New A.I. Device? (Picture Inside)InvestorPlace 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: Email Address Required Your Password: Password Required or Sign in with Facebook Sign in with Google Forgot your password? Your Email Address: Please enter your email address. Please enter a valid email address Choose a Password: Please enter your password. Your password must be at least 8 characters long and contain at least 1 number, 1 letter, and 1 special character. 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.
