NASDAQ:RELY Remitly Global (RELY) Stock Price, News & Analysis $22.69 +0.08 (+0.35%) (As of 11:46 AM ET) Add Compare Share Share Stock Analysis Stock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestTrends About Remitly Global Stock (NASDAQ:RELY) 30 days 90 days 365 days Advanced Chart View Price History Chart DataSkip Price History Chart Get Remitly Global alerts:Sign Up Key Stats Today's Range$22.31▼$22.8550-Day Range$13.56▼$22.6152-Week Range$11.60▼$22.85Volume420,900 shsAverage Volume1.72 million shsMarket Capitalization$4.49 billionP/E RatioN/ADividend YieldN/APrice Target$22.75Consensus RatingModerate Buy Company OverviewRemitly 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… Remitly Global Stock Analysis - MarketRank™See Top Rated MarketRank™ Stocks24th Percentile Overall ScoreRELY MarketRank™: Remitly Global scored higher than 24% of companies evaluated by MarketBeat, and ranked 266th out of 330 stocks in the business services sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation. Analyst's Opinion1.4 / 5Analyst RatingModerate Buy Consensus RatingRemitly Global has received a consensus rating of Moderate Buy. The company's average rating score is 2.89, and is based on 8 buy ratings, 1 hold rating, and no sell ratings.Amount of Analyst CoverageRemitly Global has only been the subject of 4 research reports in the past 90 days.Read more about Remitly Global's stock forecast and price target. Earnings and Valuation0.6 / 5Proj. Earnings GrowthGrowing Earnings GrowthEarnings for Remitly Global are expected to grow in the coming year, from ($0.23) to ($0.04) per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Remitly Global is -64.26, 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 -64.26, 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 7.86. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities. Short Interest3.0 / 5Short Interest LevelHealthy Percentage of Shares Shorted5.60% of the float of Remitly Global has been sold short.Short Interest Ratio / Days to CoverRemitly Global has a short interest ratio ("days to cover") of 4.3.Change versus previous monthShort interest in Remitly Global has recently decreased by 11.78%, indicating that investor sentiment is improving significantly. Dividend0.0 / 5Dividend StrengthN/A Dividend YieldRemitly Global does not currently pay a dividend.Dividend GrowthRemitly Global does not have a long track record of dividend growth. Sustainability and ESGN/AEnvironmental ScoreN/A Percentage of Shares Shorted5.60% of the float of Remitly Global has been sold short.Short Interest Ratio / Days to CoverRemitly Global has a short interest ratio ("days to cover") of 4.3.Change versus previous monthShort interest in Remitly Global has recently decreased by 11.78%, indicating that investor sentiment is improving significantly. News and Social Media2.8 / 5News Sentiment1.10 News SentimentRemitly Global has a news sentiment score of 1.10. 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 is a higher news sentiment than the 0.54 average news sentiment score of Business Services companies.News Coverage This WeekMarketBeat has tracked 5 news articles for Remitly Global this week, compared to 3 articles on an average week.Search InterestOnly 3 people have searched for RELY on MarketBeat in the last 30 days. This is a decrease of -57% compared to the previous 30 days.MarketBeat FollowsOnly 6 people have added Remitly Global to their MarketBeat watchlist in the last 30 days. This is a decrease of -45% compared to the previous 30 days. Company Ownership2.5 / 5Insider TradingSelling Shares 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 $1,435,212.00 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. 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 RELY Stock News HeadlinesInsider Selling: Remitly Global, Inc. (NASDAQ:RELY) CEO Sells 14,583 Shares of StockDecember 12, 2024 | insidertrades.comRemitly Global, Inc. (NASDAQ:RELY) Insider Sells $457,722.76 in StockNovember 28, 2024 | insidertrades.comWhy I'm telling friends to avoid gold stocksBack in November, gold made a tiny move of 1.6%. But according to my backtesting by using a special type of gold trade, I would have seen a 141% gain in just a week. It happened again in March. Gold nudged up 1.2%. This time? A 104% overnight gain. And in June? A 1% gold move turned into a 74% gain in two weeks. Granted, there would have been smaller wins and those that did not work out, but you see, there's a reason I'm telling all my friends to hold off from buying gold or regular gold stocks right now. There's a more lucrative way to play the gold market as we enter a new breakout period. It's all about catching what I call "Acceleration Cycles."December 23, 2024 | DTI (Ad)Ankur Sinha Sells 1,112 Shares of Remitly Global, Inc. (NASDAQ:RELY) StockNovember 23, 2024 | insidertrades.comRemitly: Interesting Small-Cap With Large TAM But Lots Of CompetitionDecember 22 at 1:34 PM | seekingalpha.comRemitly Global Announces Consulting Agreement with Rene YoakumDecember 21 at 12:53 AM | markets.businessinsider.comWith 56% ownership of the shares, Remitly Global, Inc. (NASDAQ:RELY) is heavily dominated by institutional ownersDecember 13, 2024 | finance.yahoo.comThe Smartest Growth Stock to Buy With $25 Right NowDecember 3, 2024 | fool.comSee More Headlines RELY Stock Analysis - Frequently Asked Questions How have RELY shares performed this year? Remitly Global's stock was trading at $19.42 on January 1st, 2024. Since then, RELY stock has increased by 15.8% and is now trading at $22.49. View the best growth stocks for 2024 here. How were Remitly Global's earnings last quarter? Remitly Global, Inc. (NASDAQ:RELY) issued its quarterly earnings results on Wednesday, October, 30th. The financial services provider reported $0.01 EPS for the quarter, beating analysts' consensus estimates of ($0.06) by $0.07. The company's quarterly revenue was up 39.3% compared to the same quarter last year. 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? Top institutional shareholders of Remitly Global include Baillie Gifford & Co. (4.66%), Massachusetts Financial Services Co. MA (1.85%), ArrowMark Colorado Holdings LLC (1.79%) and Geode Capital Management LLC (1.76%). Insiders that own company stock include Matthew B Oppenheimer, Joshua Hug, Nigel W Morris, Ankur Sinha, Pankaj Sharma, Hemanth Munipalli and Rene Yoakum. View institutional ownership trends. How do I buy shares of Remitly Global? Shares of RELY stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here. What other stocks do shareholders of Remitly Global own? Based on aggregate information from My MarketBeat watchlists, some other companies that Remitly Global investors own include Bank of America (BAC), Cenveo (CVO), Gran Tierra Energy (GTE), OncoSec Medical (ONCS), Ascent Solar Technologies (ASTI), Icahn Enterprises (IEP) and Synergy Pharmaceuticals (SGYP). Company Calendar Last Earnings10/30/2024Today12/23/2024Fiscal Year End12/31/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ SectorBusiness Services Industry Business services, not elsewhere classified Sub-IndustryN/A Current SymbolNASDAQ:RELY Previous SymbolNASDAQ:RELY CUSIPN/A CIK38984 Webrealindustryinc.com Phone+1-805-4351255FaxN/AEmployees2,700Year FoundedN/APrice Target and Rating Average Stock Price Target$22.75 High Stock Price Target$30.00 Low Stock Price Target$18.00 Potential Upside/Downside+0.6%Consensus RatingModerate Buy Rating Score (0-4)2.89 Research Coverage9 Analysts Profitability EPS (Most Recent Fiscal Year)($0.35) Trailing P/E RatioN/A Forward P/E RatioN/A P/E GrowthN/ANet Income$-117,840,000.00 Net Margins-5.63% Pretax Margin-4.65% Return on Equity-11.58% Return on Assets-6.57% Debt Debt-to-Equity RatioN/A Current Ratio2.66 Quick Ratio2.66 Sales & Book Value Annual Sales$1.18 billion Price / Sales3.81 Cash FlowN/A Price / Cash FlowN/A Book Value$2.86 per share Price / Book7.91Miscellaneous Outstanding Shares198,061,000Free Float182,018,000Market Cap$4.48 billion OptionableOptionable Beta0.10 Social Links 7 Stocks That Could Be Bigger Than Tesla, Nvidia, and GoogleGrowth stocks offer a lot of bang for your buck, and we've got the next upcoming superstars to strongly consider for your portfolio.Get This Free Report This page (NASDAQ:RELY) was last updated on 12/23/2024 by MarketBeat.com Staff From Our PartnersAmazon coin set to soar 25X – starting December 16th?This tiny 3-cent crypto just partnered with one of the biggest companies in the world… Amazon. 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