Remitly Global, Inc. (RELY)

NASDAQ: RELY · Real-Time Price · USD
17.95
-0.03 (-0.17%)
At close: Nov 1, 2024, 4:00 PM
17.96
+0.01 (0.06%)
After-hours: Nov 1, 2024, 7:56 PM EDT
-0.17%
Market Cap 3.56B
Revenue (ttm) 1.18B
Net Income (ttm) -66.28M
Shares Out 198.06M
EPS (ttm) -0.35
PE Ratio n/a
Forward PE 25.59
Dividend n/a
Ex-Dividend Date n/a
Volume 2,652,714
Open 17.99
Previous Close 17.98
Day's Range 17.06 - 18.00
52-Week Range 11.60 - 23.01
Beta 0.03
Analysts Buy
Price Target 21.88 (+21.89%)
Earnings Date Oct 30, 2024

About RELY

Remitly Global, Inc. provides digital financial services for immigrants, their families, and other citizens in the United States, Canada, and internationally. It primarily offers cross-border remittance services through mobile application and website. The company was founded in 2011 and is headquartered in Seattle, Washington. [Read more]

Sector Technology
IPO Date Sep 23, 2021
Employees 2,700
Stock Exchange NASDAQ
Ticker Symbol RELY
Full Company Profile

Financial Performance

In 2023, Remitly Global's revenue was $944.29 million, an increase of 44.48% compared to the previous year's $653.56 million. Losses were -$117.84 million, 3.35% more than in 2022.

Financial Statements

Analyst Forecast

According to 9 analysts, the average rating for RELY stock is "Buy." The 12-month stock price forecast is $21.88, which is an increase of 21.89% from the latest price.

Price Target
$21.88
(21.89% upside)
Analyst Consensus: Buy
Stock Forecasts

News

Remitly Global, Inc. (RELY) Q3 2024 Earnings Call Transcript

Remitly Global, Inc. (NASDAQ:RELY) Q3 2024 Earnings Conference Call October 30, 2024 5:00 PM ET Company Participants Stephen Shulstein - Vice President, Investor Relations Matt Oppenheimer - Co-Found...

2 days ago - Seeking Alpha

Remitly stock spikes 19% after first profitable quarter; revenue up 39%

Shares of Remitly surged in after-hours trading as the Seattle-based digital remittance company reported its first profitable quarter.

3 days ago - GeekWire

Remitly Reports Third Quarter 2024 Results and Raises Full Year 2024 Outlook

Active customers up 35% year over year Revenue up 39% year over year Achieved GAAP net income profitability and record Adjusted EBITDA SEATTLE, Oct. 30, 2024 (GLOBE NEWSWIRE) -- Remitly Global, Inc. (...

3 days ago - GlobeNewsWire

Remitly stock has multiple catalysts and could surge soon

Remitly (RELY) stock has underperformed the market this year, falling by over 22% even as the Nasdaq 100 and S&P 500 indices have soared by 20%+ and moved to their all-time highs.  It remains 47% belo...

13 days ago - Invezz

Remitly to Present at the 2024 Goldman Sachs Communacopia + Technology Conference

SEATTLE, Sept. 04, 2024 (GLOBE NEWSWIRE) -- Remitly Global, Inc. (NASDAQ: RELY) (“Remitly”), a trusted provider of digital financial services that transcend borders, today announced that its managemen...

2 months ago - GlobeNewsWire

Remitly Global, Inc. (RELY) Q2 2024 Earnings Call Transcript

Remitly Global, Inc. (NASDAQ:RELY) Q2 2024 Earnings Conference Call July 31, 2024 5:00 PM ET Company Participants Stephen Shulstein – Vice President, Investor Relations Matt Oppenheimer – Co-Founder ...

3 months ago - Seeking Alpha

Remitly Announces CFO Transition Plan

SEATTLE, July 31, 2024 (GLOBE NEWSWIRE) -- Remitly Global, Inc. (NASDAQ: RELY), a trusted provider of digital financial services that transcend borders, today announced the appointment of seasoned fin...

3 months ago - GlobeNewsWire

Remitly Reports Second Quarter 2024 Results

Active customers up 36% year over year Revenue up 31% year over year Net loss improved 36% year over year; Adjusted EBITDA up 23% year over year

3 months ago - GlobeNewsWire

Remitly to Report Second Quarter Financial Results on Wednesday, July 31, 2024

SEATTLE, July 19, 2024 (GLOBE NEWSWIRE) -- Remitly Global, Inc. (NASDAQ: RELY) (“Remitly”), a trusted provider of digital financial services that transcend borders, today announced that it will report...

3 months ago - GlobeNewsWire

Shareholders Of Remitly Global Inc Are Urged To Communicate As The Schall Law Firm Is Embarking On A Review Of Claims Against It

LOS ANGELES, CA / ACCESSWIRE / July 1, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Remitly Global, In...

4 months ago - Accesswire

Shareholders Of Remitly Global Inc Are Called To Connect As The Schall Law Firm Is Launching An Inquiry Into Charges Against It

LOS ANGELES, CA / ACCESSWIRE / June 30, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Remitly Global, I...

4 months ago - Accesswire

Shareholders Of Remitly Global Inc Are Invited To Reach Out As The Schall Law Firm Is Scrutinizing Accusations Against It

LOS ANGELES, CA / ACCESSWIRE / June 29, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Remitly Global, I...

4 months ago - Accesswire

Remitly Global: Solid Macro Tailwinds And Track Record Of Growth

I am positive about RELY due to it superior value proposition to users. RELY has strong growth potential with only 2% market share in $1.8 trillion TAM. I expect continued growth at >30% with expandin...

4 months ago - Seeking Alpha

Shareholders Of Remitly Global Inc Are Encouraged To Initiate Contact As The Schall Law Firm Is Probing Allegations Against It

LOS ANGELES, CA / ACCESSWIRE / June 28, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Remitly Global, I...

4 months ago - Accesswire

Shareholders Of Remitly Global Inc Are Urged To Establish Communication As The Schall Law Firm Is Investigating Claims Against It

LOS ANGELES, CA / ACCESSWIRE / June 26, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Remitly Global, I...

4 months ago - Accesswire

Remitly Global Inc Shareholders Are Urged To Establish Communication As The Schall Law Firm Is Investigating Claims Against It

LOS ANGELES, CA / ACCESSWIRE / June 24, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Remitly Global, I...

4 months ago - Accesswire

The Schall Law Firm Is Investigating Claims Against Remitly Global Inc And Urges Its Shareholders To Establish Communication

LOS ANGELES, CA / ACCESSWIRE / June 23, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Remitly Global, I...

4 months ago - Accesswire

The Schall Law Firm Is Probing Allegations Against Remitly Global Inc And Encourages Its Shareholders To Make Contact

LOS ANGELES, CA / ACCESSWIRE / June 22, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Remitly Global, I...

4 months ago - Accesswire

Top 4 Financial Stocks That Could Lead To Your Biggest Gains In Q2

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

Other symbols: GPNSTNEWEX
4 months ago - Benzinga

The Schall Law Firm Is Investigating Claims Against Remitly Global Inc And Urges Its Investors To Reach Out

LOS ANGELES, CA / ACCESSWIRE / June 19, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Remitly Global, I...

4 months ago - Accesswire

The Schall Law Firm Is Probing Allegations Against Remitly Global Inc And Encourages Its Investors To Connect

LOS ANGELES, CA / ACCESSWIRE / June 18, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Remitly Global, I...

4 months ago - Accesswire

Claims Against Remitly Global Inc Are Being Investigated By The Schall Law Firm And Its Investors Are Urged To Establish Contact

LOS ANGELES, CA / ACCESSWIRE / June 17, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Remitly Global, I...

4 months ago - Accesswire

The Schall Law Firm Has Initiated An Investigation Into Claims Against Remitly Global, Inc. And Encourages Its Investors To Reach Out

LOS ANGELES, CA / ACCESSWIRE / June 11, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Remitly Global, I...

5 months ago - Accesswire

The Schall Law Firm Has Begun A Probe Into Allegations Against Remitly Global, Inc. And Is Inviting Its Investors To Make Contact

LOS ANGELES, CA / ACCESSWIRE / June 8, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Remitly Global, In...

5 months ago - Accesswire

The Schall Law Firm Launches Examination Into Allegations Against Remitly Global, Inc. And Invites Its Investors To Connect

LOS ANGELES, CA / ACCESSWIRE / June 6, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Remitly Global, In...

5 months ago - Accesswire