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Remitly Global (RELY) Company Overview

Profile

Full Name:

Remitly Global, Inc.

Sector:

Technology

Country:

United States

IPO:

September 23, 2021

Indexes:

Not included

Description:

RELY, part of Remitly Global, offers fast and affordable money transfer services. It helps people send money internationally, making it easy for families and friends to support each other across borders. RELY focuses on providing a simple and secure way to transfer funds online.

Key Details

Price

$25.82

Annual Revenue

$944.28 M(+44.48% YoY)

Annual EPS

-$0.65(+4.41% YoY)

Annual ROE

-23.35%

Beta

0.72

Events Calendar

Earnings

Next earnings date:

Feb 19, 2025

Recent quarterly earnings:

Oct 30, 2024

Recent annual earnings:

Feb 21, 2024
Dividend

Next ex-dividend date:

N/A

Recent ex-dividend date:

N/A
Splits

Next split:

N/A

Recent split:

N/A

Analyst ratings

Recent major analysts updates

Feb 3, 25 Barclays
Overweight
Jan 16, 25 Wells Fargo
Equal-Weight
Nov 18, 24 Barclays
Overweight
Nov 4, 24 Barclays
Overweight
Oct 31, 24 Wells Fargo
Equal-Weight
Oct 31, 24 Keybanc
Overweight
Oct 31, 24 JMP Securities
Market Outperform
Sep 18, 24 BMO Capital
Outperform
Aug 20, 24 JP Morgan
Overweight
Aug 1, 24 Monness, Crespi, Hardt
Buy

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The Smartest Growth Stock to Buy With $25 Right Now
The Smartest Growth Stock to Buy With $25 Right Now
The Smartest Growth Stock to Buy With $25 Right Now
RELY
fool.comDecember 3, 2024

In 2024, growth stocks are experiencing a revival. I've noticed that some specific stocks have increased by 100%, 200%, or even more this year.

Remitly to Present at the 2024 Wells Fargo TMT Summit
Remitly to Present at the 2024 Wells Fargo TMT Summit
Remitly to Present at the 2024 Wells Fargo TMT Summit
RELY
globenewswire.comNovember 25, 2024

SEATTLE, Nov. 25, 2024 (GLOBE NEWSWIRE) -- Remitly Global, Inc. (NASDAQ: RELY) (“Remitly”), a reliable provider of cross-border digital financial services, has announced that its management team will speak at the 2024 Wells Fargo TMT Summit.

Remitly Global, Inc. (RELY) Q3 2024 Earnings Call Transcript
Remitly Global, Inc. (RELY) Q3 2024 Earnings Call Transcript
Remitly Global, Inc. (RELY) Q3 2024 Earnings Call Transcript
RELY
seekingalpha.comOctober 30, 2024

Remitly Global, Inc. (NASDAQ:RELY) will hold its Q3 2024 Earnings Conference Call on October 30, 2024, at 5:00 PM ET. The call will feature company representatives including Stephen Shulstein, Matt Oppenheimer, and Vikas Mehta, along with various participants from financial institutions. The operator has announced that all attendees are currently in listen-only mode.

Remitly Global, Inc. (RELY) Q3 Earnings and Revenues Surpass Estimates
Remitly Global, Inc. (RELY) Q3 Earnings and Revenues Surpass Estimates
Remitly Global, Inc. (RELY) Q3 Earnings and Revenues Surpass Estimates
RELY
zacks.comOctober 30, 2024

Remitly Global, Inc. (RELY) reported quarterly earnings of $0.01 per share, which is better than the Zacks Consensus Estimate that predicted a loss of $0.06 per share. This is an improvement compared to a loss of $0.20 per share from the same time last year.

Remitly stock spikes 19% after first profitable quarter; revenue up 39%
Remitly stock spikes 19% after first profitable quarter; revenue up 39%
Remitly stock spikes 19% after first profitable quarter; revenue up 39%
RELY
geekwire.comOctober 30, 2024

Remitly's stock price jumped in after-hours trading after the Seattle-based digital money transfer company announced it had its first profitable quarter.

Remitly stock has multiple catalysts and could surge soon
Remitly stock has multiple catalysts and could surge soon
Remitly stock has multiple catalysts and could surge soon
RELY
invezz.comOctober 20, 2024

This year, Remitly (RELY) stock has not done well, dropping more than 22%, while the Nasdaq 100 and S&P 500 have risen over 20% and reached record highs. The stock is still 47% lower than its peak in 2023 and 72% below its all-time high, resulting in a market capitalization of $2.9 billion.

Got $100? Add These 2 Monster Growth Stocks to Your Portfolio.
Got $100? Add These 2 Monster Growth Stocks to Your Portfolio.
Got $100? Add These 2 Monster Growth Stocks to Your Portfolio.
RELY
fool.comSeptember 23, 2024

Consistent revenue growth is essential for identifying successful stocks. Rocket Lab is experiencing rapid growth in the expanding space industry.

Remitly to Present at the 2024 Goldman Sachs Communacopia + Technology Conference
Remitly to Present at the 2024 Goldman Sachs Communacopia + Technology Conference
Remitly to Present at the 2024 Goldman Sachs Communacopia + Technology Conference
RELY
globenewswire.comSeptember 4, 2024

SEATTLE, Sept. 04, 2024 (GLOBE NEWSWIRE) -- Remitly Global, Inc. (NASDAQ: RELY) (“Remitly”), a reliable provider of cross-border digital financial services, has announced that its management team will speak at the 2024 Goldman Sachs Communacopia + Technology Conference.

Wall Street Analysts See a 54.39% Upside in Remitly Global (RELY): Can the Stock Really Move This High?
Wall Street Analysts See a 54.39% Upside in Remitly Global (RELY): Can the Stock Really Move This High?
Wall Street Analysts See a 54.39% Upside in Remitly Global (RELY): Can the Stock Really Move This High?
RELY
zacks.comAugust 21, 2024

Wall Street analysts have set an average price target for Remitly Global (RELY) that suggests a possible increase of 54.4%. Although the reliability of this popular measure is debatable, the recent positive changes in earnings estimates could lead to a rise in the stock's value.

Wall Street Analysts Think Remitly Global (RELY) Could Surge 74.37%: Read This Before Placing a Bet
Wall Street Analysts Think Remitly Global (RELY) Could Surge 74.37%: Read This Before Placing a Bet
Wall Street Analysts Think Remitly Global (RELY) Could Surge 74.37%: Read This Before Placing a Bet
RELY
zacks.comAugust 5, 2024

The average price target suggests that Remitly Global (RELY) could increase by 74.4%. Although studies indicate that this measure is not very reliable, an increase in earnings estimate revisions might indicate that the stock could rise soon.

FAQ

  • What is the ticker symbol for Remitly Global?
  • Does Remitly Global pay dividends?
  • What sector is Remitly Global in?
  • What industry is Remitly Global in?
  • What country is Remitly Global based in?
  • When did Remitly Global go public?
  • Is Remitly Global in the S&P 500?
  • Is Remitly Global in the NASDAQ 100?
  • Is Remitly Global in the Dow Jones?
  • When was Remitly Global's last earnings report?
  • When does Remitly Global report earnings?
  • Should I buy Remitly Global stock now?

What is the ticker symbol for Remitly Global?

The ticker symbol for Remitly Global is NASDAQ:RELY

Does Remitly Global pay dividends?

No, Remitly Global does not pay dividends

What sector is Remitly Global in?

Remitly Global is in the Technology sector

What industry is Remitly Global in?

Remitly Global is in the Software Infrastructure industry

What country is Remitly Global based in?

Remitly Global is headquartered in United States

When did Remitly Global go public?

Remitly Global's initial public offering (IPO) was on September 23, 2021

Is Remitly Global in the S&P 500?

No, Remitly Global is not included in the S&P 500 index

Is Remitly Global in the NASDAQ 100?

No, Remitly Global is not included in the NASDAQ 100 index

Is Remitly Global in the Dow Jones?

No, Remitly Global is not included in the Dow Jones index

When was Remitly Global's last earnings report?

Remitly Global's most recent earnings report was on Oct 30, 2024

When does Remitly Global report earnings?

The next expected earnings date for Remitly Global is Feb 19, 2025

Should I buy Remitly Global stock now?

As of today, analysts generally recommend a 'Buy' rating. However, it's important to do your own research and consider your financial situation before making any investment decisions