Remitly Global (RELY) Stock Price, News & Analysis

Company Overview

Remitly Global, Inc. operates as a digital financial services company specializing in cross-border money transfers. Through its proprietary online platform and mobile applications, the company enables immigrants, expatriates and international workers to send remittances swiftly and securely to their families abroad. By focusing on fast deliverability and transparent pricing, Remitly seeks to streamline a process traditionally dominated by cash-based methods and legacy money transfer operators.

Founded in 2011 by Matt Oppenheimer and headquartered in Seattle, Washington, Remitly has grown from a startup into a publicly traded corporation listed on NASDAQ under the ticker RELY. The company completed its initial public offering in 2021, marking a milestone in its efforts to expand digital remittance services and financial inclusion globally. Since its inception, Remitly has continually invested in technology, compliance infrastructure and customer support to bolster its reputation in the digital payments industry.

Remitly’s core offerings include bank account deposits, mobile wallet transfers, cash pickup arrangements and airtime top-up options, all accessible through its web portal and iOS and Android applications. Senders in key markets – including the United States, Canada, the United Kingdom and parts of Europe – can transfer funds directly to recipients in regions such as Latin America, South Asia, Southeast Asia and parts of Africa. The company leverages partnerships with local banks, payment networks and mobile wallet providers to optimize delivery speed and reliability.

Under the leadership of founder and Chief Executive Officer Matt Oppenheimer, Remitly continues to prioritize customer experience, security and regulatory compliance. Its team comprises experts in financial technology, risk management and international payments, supporting a user base that spans millions of customers worldwide. Through ongoing innovation and strategic market expansion, Remitly aims to lower the cost of remittances and broaden access to digital financial services for underserved populations.

Key Stats

• Today's Range: $24.24 to $26.28
• 50-Day Range: $18.04 to $25.93
• 52-Week Range: $12.08 to $27.15
• Volume: 4.56 million shs
• Average Volume: 2.96 million shs
• Market Capitalization: $5.17 billion
• P/E Ratio: 17.57
• Dividend Yield: N/A
• Price Target: $27.44
• Consensus Rating: Moderate Buy

Remitly Global Stock Analysis - MarketRank™

Remitly Global scored higher than 80% of companies evaluated by MarketBeat, and ranked 288th out of 842 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.5 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

Remitly Global has received a consensus rating of Moderate Buy. The company's average rating score is 2.92, and is based on 1 strong buy rating, 10 buy ratings, 2 hold ratings, and no sell ratings.

Upside Potential

Remitly Global has a consensus price target of $27.44, representing about 12.4% upside from its current price of $24.42.

Amount of Analyst Coverage

Remitly Global has been the subject of 8 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 2.5 / 5
• Proj. Earnings Growth: 12.90%

Earnings Growth

Earnings for Remitly Global are expected to grow by 12.90% in the coming year, from $0.62 to $0.70 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Remitly Global is 17.57, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 45.33.

Price to Earnings Ratio vs. Sector

The P/E ratio of Remitly Global is 17.57, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 29.18.

Price to Book Value per Share Ratio

Remitly Global has a P/B Ratio of 4.59. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

7.72% 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 5.65.

Change versus previous month

Short interest in Remitly Global has recently decreased by 5.76%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Remitly Global does not currently pay a dividend.

Dividend Growth

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

News and Social Media

• Score: 2.9 / 5
• News Sentiment: 0.67

News Sentiment

Remitly Global has a news sentiment score of 0.67. 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 news sentiment score is similar to the average news sentiment of Finance companies.

News Coverage This Week

MarketBeat has tracked 18 news articles for Remitly Global this week, compared to 6 articles on an average week.

Search Interest

17 people have searched for RELY on MarketBeat in the last 30 days. This is an increase of 325% compared to the previous 30 days.

MarketBeat Follows

Only 2 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.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: Selling Shares

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 $3,725,510.00 in company stock.

Percentage Held by Insiders

6.53% 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.

Company Calendar

• Last Earnings: 8/05/2026
• Today: 8/09/2026
• Q2 2026 Post call: 8/10/2026
• Goldman Sachs Communacopia + Technology Conference 2026: 9/09/2026
• Fiscal Year End: 12/31/2026

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Finance
• Industry: Financial Services
• Sub-Industry: Transaction & Payment Processing Services
• Current Symbol: NASDAQ:RELY
• Previous Symbol: NASDAQ:RELY
• CIK: 1782170
• Web: realindustryinc.com
• Phone: +1-805-4351255
• Fax: N/A
• Employees: 3,200
• Year Founded: 2018

Price Target and Rating

• Average Price Target for Remitly Global: $27.44
• High Price Target: $33.00
• Low Price Target: $18.00
• Potential Upside/Downside: +12.4%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.92
• Research Coverage: 13 Analysts

Profitability

• EPS (Trailing Twelve Months): $1.39
• Trailing P/E Ratio: 17.57
• Forward P/E Ratio: 39.39
• P/E Growth: N/A
• Net Income: $67.93 million
• Net Margins: 16.85%
• Pretax Margin: 9.13%
• Return on Equity: 33.33%
• Return on Assets: 21.92%

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: 3.18
• Quick Ratio: 2.84

Sales & Book Value

• Annual Sales: $1.64 billion
• Price / Sales: 3.16
• Cash Flow: $0.56 per share
• Price / Cash Flow: 43.74
• Book Value: $5.32 per share
• Price / Book: 4.59

Miscellaneous

• Outstanding Shares: 211,680,000
• Free Float: 197,861,000
• Market Cap: $5.17 billion
• Optionable: Optionable
• Beta: 0.34