Remitly Global, Inc. (RELY)

NASDAQ: RELY · IEX Real-Time Price · USD
11.12
+0.06 (0.54%)
At close: Sep 30, 2022 4:00 PM
10.57
-0.55 (-4.95%)
After-hours: Sep 30, 2022 6:50 PM EDT
0.54%
Market Cap 1.87B
Revenue (ttm) 549.77M
Net Income (ttm) -91.09M
Shares Out 168.04M
EPS (ttm) -0.57
PE Ratio n/a
Forward PE n/a
Dividend n/a
Ex-Dividend Date n/a
Volume 966,743
Open 10.99
Previous Close 11.06
Day's Range 10.86 - 11.57
52-Week Range 6.66 - 41.40
Beta n/a
Analysts Buy
Price Target 15.88 (+42.8%)
Earnings Date Aug 3, 2022

About RELY

Remitly Global, Inc. provides digital financial services for immigrants and their families. It primarily offers cross-border remittance services in approximately 150 countries. The company was incorporated in 2011 and is headquartered in Seattle, Washington. [Read more...]

Industry Software-Infrastructure
IPO Date Sep 23, 2021
Employees 1,800
Stock Exchange NASDAQ
Ticker Symbol RELY
Full Company Profile

Financial Performance

In 2021, Remitly Global's revenue was $458.61 million, an increase of 78.48% compared to the previous year's $256.96 million. Losses were -$38.76 million, 19.0% more than in 2020.

Financial Statements

Analyst Forecast

According to 14 analysts, the average rating for RELY stock is "Buy." The 12-month stock price forecast is 15.88, which is an increase of 42.81% from the latest price.

Price Target
$15.88
(42.81% upside)
Analyst Consensus: Buy
Stock Forecasts

News

2 Hypergrowth Stocks to Buy in 2022 and Beyond

These two companies have a great track record of growth over the last five years.

Other symbols: RVLV
2 weeks ago - The Motley Fool

FinTech Remitly to Acquire Rewire for $80M

Remitly, a global finTech that provides digital remittance solutions, announced Tuesday (Aug. 16) that it has signed a definitive agreement to acquire Rewire, an Israeli-based financial services platfor...

1 month ago - PYMNTS

Remitly to Acquire Rewire to Expand into Complementary Geographies with Account-Based Remittance Product

SEATTLE & TEL AVIV, Israel--(BUSINESS WIRE)--Remitly Global, Inc., (NASDAQ: RELY) (“Remitly”), a leading global digital financial services provider for immigrants and their families, today announced tha...

1 month ago - Business Wire

My Top Tech IPO to Buy in August

This company is growing quickly and attacking a gigantic market, and the stock trades at a reasonable price.

1 month ago - The Motley Fool

Remitly Reports Second Quarter 2022 Results

SEATTLE--(BUSINESS WIRE)--Remitly Global, Inc. (NASDAQ: RELY), a leading digital financial services provider for immigrants and their families in over 170 countries around the world, reported results fo...

1 month ago - Business Wire

Remitly to Report Second Quarter 2022 Financial Results on Wednesday, August 3, 2022

SEATTLE--(BUSINESS WIRE)--Remitly Global, Inc. (NASDAQ: RELY) (“Remitly”), a leading digital financial services provider for immigrants and their families, today announced that it will report second qua...

2 months ago - Business Wire

Remitly Appoints Rina Hahn as Chief Marketing Officer

SEATTLE--(BUSINESS WIRE)--Remitly Global, Inc. (NASDAQ: RELY), a leading digital financial services provider for immigrants and their families in over 160 countries around the world, today announced the...

3 months ago - Business Wire

Remitly Appoints Hemanth Munipalli as Chief Financial Officer

SEATTLE--(BUSINESS WIRE)--Remitly Global, Inc. (NASDAQ: RELY), a leading digital financial services provider for immigrants and their families in over 160 countries around the world, today announced the...

3 months ago - Business Wire

Remitly to Present at the William Blair Growth Stock Conference

SEATTLE--(BUSINESS WIRE)--Remitly Global, Inc. (NASDAQ: RELY) (“Remitly”), a leading digital financial services provider for immigrants and their families, today announced that its management team will ...

3 months ago - Business Wire

Remitly to Present at the J.P. Morgan Global Technology, Media and Communications Conference

SEATTLE--(BUSINESS WIRE)--Remitly Global, Inc. (NASDAQ: RELY) (“Remitly”), a leading digital financial services provider for immigrants and their families, today announced that its management team will ...

4 months ago - Business Wire

Remitly to Present at the Barclays 2022 Emerging Payments & Fintech Forum

SEATTLE--(BUSINESS WIRE)--Remitly Global, Inc. (NASDAQ: RELY) (“Remitly”), a leading digital financial services provider for immigrants and their families, today announced that its management team will ...

4 months ago - Business Wire

Remitly Reports First Quarter 2022 Results

SEATTLE--(BUSINESS WIRE)--Remitly Global, Inc. (NASDAQ: RELY), a leading digital financial services provider for immigrants and their families in over 160 countries around the world, reported results fo...

4 months ago - Business Wire

Remitly Expands Offering with Visa Direct into Canada

SEATTLE--(BUSINESS WIRE)--Remitly Global, Inc. (NASDAQ: RELY) (“Remitly”), a leading digital financial services provider for immigrants and their families, today announced the expansion of its relations...

5 months ago - Business Wire

Remitly to Report First Quarter 2022 Financial Results on Thursday, May 5, 2022

SEATTLE--(BUSINESS WIRE)--Remitly Global, Inc. (NASDAQ: RELY) (“Remitly”), a leading digital financial services provider for immigrants and their families, today announced that it will report first quar...

5 months ago - Business Wire

Remitly CEO: "Various Levers" to Pull on the Path to Profitability

How long should investors expect it to take for this newly public company to turn a profit?

6 months ago - The Motley Fool

Remitly: Buy the Dip?

Shares have tumbled since its IPO, but that has nothing to do with the business.

6 months ago - The Motley Fool

My Top Tech IPO to Buy in March

This company continues to put up strong results while its stock falls, providing a great buying opportunity for long-term investors.

6 months ago - The Motley Fool

Remitly reports $458M in 2021 revenue, up 78%, as remittance company suspends service in Russia

Shares of Remitly were up 9% in after-hours trading Wednesday following the release of the company's fourth quarter earnings report.

7 months ago - GeekWire

Remitly Reports Fourth Quarter and Full Year 2021 Results

Active customers up 50% year over year Send volume up 64% year over year Revenue up 69% year over year

7 months ago - GlobeNewsWire

Wise, Remitly Suspend Money Transfer Services to Russia

Both cross-border payments company Wise and remittance processor Remitly have suspended their money transfer services in Russia due to the sanctions there and the ongoing military action in Ukraine, Reu...

7 months ago - PYMNTS

Remitly Bolsters Executive Leadership Team with New Chief Technology Officer

SEATTLE--(BUSINESS WIRE)--Remitly Global, Inc. (NASDAQ: RELY) (“Remitly”), a leading digital financial services provider for immigrants and their families, today announced the appointment of Ankur Sinha...

7 months ago - Business Wire

Coinbase partners with remittance company Remitly to let people in Mexico cash out crypto

Crypto giant Coinbase launched a free pilot program Tuesday to let customers in Mexico cash out digital currencies.

Other symbols: COIN
7 months ago - GeekWire

Better Buy: Remitly vs. Wise

$1.5 trillion of remittances were sent globally in 2020. Which of these companies looks poised to capture most of those dollars?

8 months ago - The Motley Fool

How Remitly Uses Behavioral Analytics to Foster Consumer Satisfaction

Immigrants working abroad want receivers to get their funds instantly, at the same time, remittance platforms need compliant systems to keep those transfers secure. In the Monetizing Digital Intent Trac...

9 months ago - PYMNTS

Is This Recent Fintech IPO Worth Your Money?

Remitly's mobile-first approach is attracting millions of active customers.

9 months ago - The Motley Fool