Remitly Global (NASDAQ:RELY – Get Free Report) is one of 342 public companies in the “Financial Services” industry, but how does it weigh in compared to its competitors? We will compare Remitly Global to related businesses based on the strength of its risk, institutional ownership, profitability, dividends, analyst recommendations, valuation and earnings.
Earnings and Valuation
This table compares Remitly Global and its competitors top-line revenue, earnings per share (EPS) and valuation.
| Gross Revenue | Net Income | Price/Earnings Ratio | |
| Remitly Global | $1.81 billion | N/A | 17.42 |
| Remitly Global Competitors | $273.64 million | -$98.00 million | 8.66 |
Remitly Global has higher revenue and earnings than its competitors. Remitly Global is trading at a higher price-to-earnings ratio than its competitors, indicating that it is currently more expensive than other companies in its industry.
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 | N/A | N/A | N/A |
| Remitly Global Competitors | -249.09% | -54.59% | -6.19% |
Risk and Volatility
Remitly Global has a beta of 0.39, meaning that its stock price is 61% less volatile than the S&P 500. Comparatively, Remitly Global’s competitors have a beta of 0.14, meaning that their average stock price is 86% less volatile than the S&P 500.
Analyst Ratings
This is a breakdown of recent ratings and target prices for Remitly Global and its competitors, as reported by MarketBeat.com.
| Sell Ratings | Hold Ratings | Buy Ratings | Strong Buy Ratings | Rating Score | |
| Remitly Global | 0 | 1 | 10 | 1 | 3.00 |
| Remitly Global Competitors | 1990 | 6910 | 11697 | 444 | 2.50 |
Remitly Global currently has a consensus target price of $27.78, indicating a potential upside of 14.74%. As a group, “Financial Services” companies have a potential downside of 1.63%. Given Remitly Global’s stronger consensus rating and higher possible upside, analysts plainly believe Remitly Global is more favorable than its competitors.
Institutional & Insider Ownership
74.3% of Remitly Global shares are held by institutional investors. Comparatively, 43.2% of shares of all “Financial Services” companies are held by institutional investors. 6.5% of Remitly Global shares are held by company insiders. Comparatively, 22.1% of shares of all “Financial Services” companies are held by company insiders. Strong institutional ownership is an indication that hedge funds, endowments and large money managers believe a company will outperform the market over the long term.
Summary
Remitly Global beats its competitors on 11 of the 12 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.
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