Remitly Global (RELY) & Its Competitors Head to Head Comparison

Remitly Global (NASDAQ:RELY) is one of 192 public companies in the “Business services, not elsewhere classified” industry, but how does it weigh in compared to its competitors? We will compare Remitly Global to similar companies based on the strength of its institutional ownership, dividends, risk, profitability, analyst recommendations, valuation and earnings.

Profitability

This table compares Remitly Global and its competitors’ net margins, return on equity and return on assets.

	Net Margins	Return on Equity	Return on Assets
Remitly Global	-5.63%	-11.58%	-6.57%
Remitly Global Competitors	-15.36%	-156.03%	-5.03%

Institutional & Insider Ownership

74.3% of Remitly Global shares are owned by institutional investors. Comparatively, 57.6% of shares of all “Business services, not elsewhere classified” companies are owned by institutional investors. 8.1% of Remitly Global shares are owned by company insiders. Comparatively, 16.6% of shares of all “Business services, not elsewhere classified” companies are owned by company insiders. Strong institutional ownership is an indication that endowments, large money managers and hedge funds believe a stock is poised for long-term growth.

Analyst Recommendations

This is a breakdown of current recommendations and price targets for Remitly Global and its competitors, as provided by MarketBeat.com.

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
Remitly Global	0	2	8	0	2.80
Remitly Global Competitors	908	5935	12198	317	2.62

Remitly Global currently has a consensus price target of $22.38, indicating a potential upside of 15.57%. As a group, “Business services, not elsewhere classified” companies have a potential upside of 8.29%. Given Remitly Global’s stronger consensus rating and higher probable upside, research analysts plainly believe Remitly Global is more favorable than its competitors.

Valuation & Earnings

This table compares Remitly Global and its competitors revenue, earnings per share (EPS) and valuation.

	Gross Revenue	Net Income	Price/Earnings Ratio
Remitly Global	$944.28 million	-$117.84 million	-55.31
Remitly Global Competitors	$11.49 billion	$453.55 million	-4.11

Remitly Global’s competitors have higher revenue and earnings than Remitly Global. Remitly Global is trading at a lower price-to-earnings ratio than its competitors, indicating that it is currently more affordable than other companies in its industry.

Volatility & Risk

Remitly Global has a beta of 0.03, suggesting that its stock price is 97% less volatile than the S&P 500. Comparatively, Remitly Global’s competitors have a beta of 1.30, suggesting that their average stock price is 30% more volatile than the S&P 500.

Summary

Remitly Global competitors beat Remitly Global on 7 of the 13 factors compared.

Remitly Global Company Profile

Remitly Global, Inc. provides digital financial services for immigrants and their families. It primarily offers cross-border remittance services in approximately 170 countries. The company was incorporated in 2011 and is headquartered in Seattle, Washington.