Reliance Global Group, Inc. (RELI)

NASDAQ: RELI · IEX Real-Time Price · USD
0.266
-0.014 (-5.00%)
At close: Apr 26, 2024, 4:00 PM
0.270
+0.004 (1.50%)
After-hours: Apr 26, 2024, 4:06 PM EDT
-5.00%
Market Cap 1.51M
Revenue (ttm) 13.73M
Net Income (ttm) -12.01M
Shares Out 5.69M
EPS (ttm) -5.16
PE Ratio n/a
Forward PE n/a
Dividend n/a
Ex-Dividend Date n/a
Volume 139,976
Open 0.272
Previous Close 0.280
Day's Range 0.263 - 0.285
52-Week Range 0.251 - 5.200
Beta 0.36
Analysts Strong Buy
Price Target 7.00 (+2,531.58%)
Earnings Date Apr 4, 2024

About RELI

Reliance Global Group, Inc. focuses in the acquisition and management of wholesale and retail insurance agencies in the United States. It provides agency services for insurance products in the healthcare and Medicare, personal and commercial, trucking, property and casualty, and insurance brokerage. The company was formerly known as Ethos Media Network, Inc. and changed its name to Reliance Global Group, Inc. in October 2018. Reliance Global Group, Inc. was incorporated in 2013 and is headquartered in Lakewood, New Jersey. [Read more]

Sector Financials
Founded 2013
Employees 67
Stock Exchange NASDAQ
Ticker Symbol RELI
Full Company Profile

Financial Performance

Financial Statements

Analyst Forecast

According to 3 analysts, the average rating for RELI stock is "Strong Buy." The 12-month stock price forecast is $7.0, which is an increase of 2,531.58% from the latest price.

Price Target
$7.0
(2,531.58% upside)
Analyst Consensus: Strong Buy
Stock Forecasts

News

Reliance Global Group Inc.: Invitation to EF Hutton Annual Global Conference

Lakewood, New Jersey--(Newsfile Corp. - April 23, 2024) - Reliance Global Group Inc. (NASDAQ: RELI) (NASDAQ: RELIW) will be participating in the EF Hutton Annual Global Conference, which will take pla...

3 days ago - Newsfile Corp

Reliance Global Group's Revenue Grows by 17% and 40% in 2023 Compared to 2022 and 2021, respectively

Acquisition letter of intent previously announced progresses to final stages of definitive agreement discussions Acquisition letter of intent previously announced progresses to final stages of definit...

22 days ago - GlobeNewsWire

Reliance Global Group Schedules Fourth Quarter 2023 Financial Results and Business Update Conference Call

Lakewood, NJ, April 03, 2024 (GLOBE NEWSWIRE) -- Reliance Global Group, Inc. (NASDAQ: RELI; RELIW) (“Reliance” or the “Company”), announced today that it will host a conference call Thursday, April 4,...

23 days ago - GlobeNewsWire

RELI Exchange Launches the Client Referral Portal into its Proprietary InsurTech Platform

LAKEWOOD, NJ, Jan. 30, 2024 (GLOBE NEWSWIRE) -- Reliance Global Group , Inc. (Nasdaq: RELI; RELIW) (“Reliance” or the “Company”), today announced that it has added the RELI Exchange Client Referral Po...

3 months ago - GlobeNewsWire

Reliance Global Group Provides Year-End Update on RELI Exchange

Reports more than 60% increase in total RELI Exchange policies following onboarding of Fortman Insurance under new “One-Firm” approach

4 months ago - GlobeNewsWire

Reliance Global Group Announces Letter of Intent for Most Significant Acquisition to Date

Post acquisition, Reliance's revenue expected to increase greater than 100% Attractive consolidated EBITDA returns expected for FY'24 and beyond LAKEWOOD, N.J., Nov. 21, 2023 (GLOBE NEWSWIRE) -- Relia...

5 months ago - GlobeNewsWire

Reliance Global Group, Inc. Withdraws Proposed Underwritten Public Offering

Lakewood, NJ, Nov. 21, 2023 (GLOBE NEWSWIRE) -- Reliance Global Group, Inc. (NASDAQ: RELI) (“Reliance Global Group” or the “Company”), which combines artificial intelligence (AI) and cloud-based techn...

5 months ago - GlobeNewsWire

Reliance Global Group, Inc. Announces Proposed Underwritten Public Offering

Lakewood, NJ, Nov. 20, 2023 (GLOBE NEWSWIRE) -- Reliance Global Group, Inc. (NASDAQ: RELI) (“Reliance Global Group” or the “Company”), which combines artificial intelligence (AI) and cloud-based techn...

5 months ago - GlobeNewsWire

Reliance Global Group Embraces 'OneFirm' Approach for Future Growth

Consolidates All Reliance Owned Agencies Under the RELI Exchange Brand Anticipated Benefits Include Enhanced Efficiencies, Cross Talent Utilization, and Cross-Selling Reliance is Positioned for Seamle...

5 months ago - GlobeNewsWire

Reliance Global Group's Revenue Grows by 16% for the Third Quarter of 2023

Working Capital Increases by $5.4 million Company to Host Conference Call Today at 4:30 PM Eastern Time LAKEWOOD, NJ, Nov. 13, 2023 (GLOBE NEWSWIRE) -- Reliance Global Group , Inc. (Nasdaq: RELI; RELI...

5 months ago - GlobeNewsWire

Reliance Global Group Schedules Third Quarter 2023 Financial Results and Business Update Conference Call

Lakewood, NJ, Nov. 10, 2023 (GLOBE NEWSWIRE) -- Reliance Global Group, Inc. (NASDAQ: RELI; RELIW) (“Reliance” or the “Company”), announced today that it will host a conference call Monday, November 13...

6 months ago - GlobeNewsWire

Reliance Global Group Achieves 12% Increase in Revenue for the Second Quarter of 2023

Working Capital Increases by $6.8 million RELI Exchange Continuing to Grow its Network of Agency Partners Strategic Plan for Consolidation of Subsidiary Agencies Leading to Enhanced Market Presence Re...

9 months ago - GlobeNewsWire

Reliance Global Group Schedules Second Quarter 2023 Financial Results and Business Update Conference Call

Lakewood, NJ, Aug. 08, 2023 (GLOBE NEWSWIRE) -- Reliance Global Group, Inc. (NASDAQ: RELI; RELIW) (“Reliance” or the “Company”), announced today that it will host a conference call Thursday, August 10...

9 months ago - GlobeNewsWire

Top 5 Financial Stocks You'll Regret Missing This Quarter - Beneficient (NASDAQ:BENF), Abacus Life (NASDAQ:ABL)

The most oversold stocks in the financial sector presents an opportunity to buy into undervalued companies.

Other symbols: ABLBENFEEFTPAYS
9 months ago - Benzinga

Reliance Global Group Achieves 29% Increase in Revenue for the First Quarter of 2023

RELI Exchange Continuing to Add New Agency Partners and Support Growth Company to Host Conference Call Today at 4:30 PM Eastern Time LAKEWOOD, N.J., May 18, 2023 (GLOBE NEWSWIRE) -- Reliance Global Gr...

1 year ago - GlobeNewsWire

Reliance Global Group Schedules First Quarter 2023 Financial Results and Business Update Conference Call

Lakewood, NJ, May 18, 2023 (GLOBE NEWSWIRE) -- Reliance Global Group, Inc. (NASDAQ: RELI; RELIW) (“Reliance” or the “Company”), announced that it will host a conference call today, Thursday May 18, 20...

1 year ago - GlobeNewsWire

Reliance Global Group to Participate in the Inaugural EF Hutton Global Conference

Lakewood, NJ, May 04, 2023 (GLOBE NEWSWIRE) -- Reliance Global Group, Inc. (NASDAQ: RELI; RELIW) (“Reliance” or the “Company”), announced today that its management team will be participating in The In...

1 year ago - GlobeNewsWire

Reliance Global Group, Inc. Announces Closing of $4.0 Million Private Placement

Lakewood, NJ , March 16, 2023 (GLOBE NEWSWIRE) -- Reliance Global Group, Inc. (NASDAQ: RELI; RELIW) (“Reliance” or the “Company”), which combines artificial intelligence (AI) and cloud-based technolog...

1 year ago - GlobeNewsWire

Reliance Global Group Projects Strong Revenue Growth of More Than 70% for Fiscal 2022

LAKEWOOD, N.J., March 16, 2023 (GLOBE NEWSWIRE) -- Reliance Global Group, Inc. (Nasdaq: RELI; RELIW) (“Reliance”, “we” or the “Company”), which combines artificial intelligence (AI) and cloud-based te...

1 year ago - GlobeNewsWire

Reliance Global Group Announces Launch of RELI University

LAKEWOOD, N.J., March 15, 2023 (GLOBE NEWSWIRE) -- Reliance Global Group, Inc. (Nasdaq: RELI; RELIW) (“Reliance Global”, “we” or the “Company”), which combines artificial intelligence (AI) and cloud-b...

1 year ago - GlobeNewsWire

Reliance Global Group Announces RELI Exchange Surpasses 200 Agency Partners Representing Over 200% Growth in Agency Partners Since July 2022

LAKEWOOD, N.J., March 14, 2023 (GLOBE NEWSWIRE) -- Reliance Global Group, Inc. (Nasdaq: RELI; RELIW) (“Reliance”, “we” or the “Company”), which combines artificial intelligence (AI) and cloud-based te...

1 year ago - GlobeNewsWire

Reliance Global Group, Inc. Announces Pricing of $4.0 Million Private Placement Priced At-the-Market Per Nasdaq Rules

Lakewood, NJ, March 13, 2023 (GLOBE NEWSWIRE) -- Reliance Global Group, Inc. (NASDAQ: RELI; RELIW) (“Reliance” or the “Company”), which combines artificial intelligence (AI) and cloud-based technologi...

1 year ago - GlobeNewsWire

Reliance Global Group Regains Compliance with Nasdaq Continued Listing Requirements

LAKEWOOD, N.J., March 10, 2023 (GLOBE NEWSWIRE) -- Reliance Global Group, Inc. (Nasdaq: RELI; RELIW) (“Reliance”, “we” or the “Company”), which combines artificial intelligence (AI) and cloud-based te...

1 year ago - GlobeNewsWire

Reliance Global Group Announces Partial Conversion of Company Loan Beneficially Held by Company CEO Significantly Above Current Share Price

LAKEWOOD, N.J., Feb. 14, 2023 (GLOBE NEWSWIRE) -- Reliance Global Group, Inc. (Nasdaq: RELI; RELIW)) (“Reliance”, “we” or the “Company”), which combines artificial intelligence (AI) and cloud-based t...

1 year ago - GlobeNewsWire

Reliance Global Group Expands its RELI Exchange Artificial Intelligence-Based InsurTech Platform with CRM Integration

Provides enhanced sales tools and streamlines operations for agency partners

1 year ago - GlobeNewsWire