Remitly Global, Inc. (RELY)

Market Cap	4.05B
Revenue (ttm)	1.18B
Net Income (ttm)	-66.28M
Shares Out	198.06M
EPS (ttm)	-0.35
PE Ratio	n/a
Forward PE	29.15
Dividend	n/a
Ex-Dividend Date	n/a

Volume	1,066,435
Open	20.26
Previous Close	19.97
Day's Range	19.99 - 20.50
52-Week Range	11.60 - 22.49
Beta	0.03
Analysts	Buy
Price Target	22.75 (+11.19%)
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.

• Industry: Software - Infrastructure
• Sector: Technology
• IPO Date: Sep 23, 2021
• Employees: 2,700
• Stock Exchange: NASDAQ
• Ticker Symbol: RELY
• Website: https://www.remitly.com/us/en

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.

Analyst Forecast

According to 9 analysts, the average rating for RELY stock is "Buy." The 12-month stock price forecast is $22.75, which is an increase of 11.19% from the latest price.

Price Target

$22.75

(11.19% upside)

Analyst Consensus: Buy