RELY vs. ENV, CNXC, CBZ, DLO, FLYW, NVEI, WU, PAY, FA, and EXLS
Should you be buying Remitly Global stock or one of its competitors? The main competitors of Remitly Global include Envestnet (ENV), Concentrix (CNXC), CBIZ (CBZ), DLocal (DLO), Flywire (FLYW), Nuvei (NVEI), Western Union (WU), Paymentus (PAY), First Advantage (FA), and ExlService (EXLS). These companies are all part of the "business services, not elsewhere classified" industry.
Remitly Global (NYSE:RELY) and Envestnet (NYSE:ENV) are both mid-cap business services companies, but which is the superior investment? We will contrast the two businesses based on the strength of their profitability, valuation, dividends, community ranking, earnings, risk, media sentiment, analyst recommendations and institutional ownership.
74.3% of Remitly Global shares are owned by institutional investors. 8.6% of Remitly Global shares are owned by company insiders. Comparatively, 8.9% of Envestnet shares are owned by company insiders. Strong institutional ownership is an indication that endowments, hedge funds and large money managers believe a stock will outperform the market over the long term.
Remitly Global has higher earnings, but lower revenue than Envestnet. Remitly Global is trading at a lower price-to-earnings ratio than Envestnet, indicating that it is currently the more affordable of the two stocks.
In the previous week, Envestnet had 5 more articles in the media than Remitly Global. MarketBeat recorded 8 mentions for Envestnet and 3 mentions for Remitly Global. Envestnet's average media sentiment score of 0.77 beat Remitly Global's score of 0.00 indicating that Envestnet is being referred to more favorably in the news media.
Envestnet received 93 more outperform votes than Remitly Global when rated by MarketBeat users. However, 67.44% of users gave Remitly Global an outperform vote while only 59.23% of users gave Envestnet an outperform vote.
Remitly Global has a beta of 0.16, suggesting that its stock price is 84% less volatile than the S&P 500. Comparatively, Envestnet has a beta of 1.31, suggesting that its stock price is 31% more volatile than the S&P 500.
Remitly Global presently has a consensus target price of $27.60, indicating a potential upside of 52.82%. Envestnet has a consensus target price of $63.67, indicating a potential upside of 2.44%. Given Remitly Global's stronger consensus rating and higher possible upside, equities analysts clearly believe Remitly Global is more favorable than Envestnet.
Remitly Global has a net margin of -12.48% compared to Envestnet's net margin of -19.17%. Envestnet's return on equity of 12.27% beat Remitly Global's return on equity.
Summary
Remitly Global and Envestnet tied by winning 9 of the 18 factors compared between the two stocks.
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This chart shows the number of new MarketBeat users adding RELY and its top 5 competitors to their watchlist. Each company is represented with a line over a 90 day period.
This chart shows the average media sentiment of NYSE and its competitors over the past 90 days as caculated by MarketBeat. The averaged score is equivalent to the following: Very Negative Sentiment <= -1.5, Negative Sentiment > -1.5 and <= -0.5, Neutral Sentiment > -0.5 and < 0.5, Positive Sentiment >= 0.5 and < 1.5, and Very Positive Sentiment >= 1.5.
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