Flywire Co. (NASDAQ:FLYW) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of Flywire Co. (NASDAQ:FLYWGet Free Report) have earned a consensus recommendation of “Moderate Buy” from the seventeen research firms that are covering the company, Marketbeat.com reports. Three research analysts have rated the stock with a hold recommendation, thirteen have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $30.40.

Several equities research analysts have weighed in on FLYW shares. UBS Group lowered their target price on Flywire from $34.00 to $26.00 and set a “buy” rating for the company in a report on Wednesday, May 8th. BTIG Research lowered their target price on Flywire from $34.00 to $27.00 and set a “buy” rating for the company in a report on Wednesday, May 8th. Citigroup lowered their target price on Flywire from $36.00 to $33.00 and set a “buy” rating for the company in a report on Wednesday, May 8th. William Blair reiterated an “outperform” rating on shares of Flywire in a report on Wednesday, May 8th. Finally, Wells Fargo & Company lowered their target price on Flywire from $35.00 to $30.00 and set an “overweight” rating for the company in a report on Monday, May 6th.

Check Out Our Latest Research Report on FLYW

Flywire Stock Performance

NASDAQ FLYW opened at $17.33 on Friday. The company has a market cap of $2.15 billion, a P/E ratio of -157.53, a P/E/G ratio of 12.86 and a beta of 1.09. The business’s 50 day moving average price is $20.50 and its 200-day moving average price is $22.21. Flywire has a fifty-two week low of $15.77 and a fifty-two week high of $35.80.

Flywire (NASDAQ:FLYWGet Free Report) last posted its quarterly earnings data on Tuesday, May 7th. The company reported ($0.05) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.01). Flywire had a negative net margin of 2.63% and a negative return on equity of 1.56%. The business had revenue of $114.10 million for the quarter, compared to analysts’ expectations of $107.81 million. During the same quarter in the previous year, the firm earned ($0.03) EPS. Flywire’s revenue was up 20.9% compared to the same quarter last year. As a group, equities analysts predict that Flywire will post 0.03 EPS for the current year.

Insider Activity

In related news, CTO David R. King sold 9,366 shares of the stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $27.30, for a total value of $255,691.80. Following the completion of the sale, the chief technology officer now owns 621,568 shares of the company’s stock, valued at $16,968,806.40. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Flywire news, CTO David R. King sold 9,366 shares of the firm’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of $27.30, for a total transaction of $255,691.80. Following the completion of the sale, the chief technology officer now owns 621,568 shares of the company’s stock, valued at $16,968,806.40. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, General Counsel Peter Butterfield sold 4,730 shares of the firm’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of $27.30, for a total value of $129,129.00. Following the transaction, the general counsel now owns 214,678 shares of the company’s stock, valued at $5,860,709.40. The disclosure for this sale can be found here. Insiders have sold a total of 141,800 shares of company stock worth $3,743,582 over the last quarter. 3.90% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Headlands Technologies LLC purchased a new position in Flywire in the first quarter valued at $46,000. Quest Partners LLC purchased a new stake in Flywire during the 4th quarter worth about $52,000. RiverPark Advisors LLC purchased a new stake in Flywire during the 3rd quarter worth about $83,000. Advisors Asset Management Inc. lifted its holdings in Flywire by 45.6% during the 1st quarter. Advisors Asset Management Inc. now owns 3,044 shares of the company’s stock worth $76,000 after buying an additional 954 shares during the last quarter. Finally, Assetmark Inc. lifted its holdings in Flywire by 16.9% during the 4th quarter. Assetmark Inc. now owns 5,061 shares of the company’s stock worth $117,000 after buying an additional 733 shares during the last quarter. 95.90% of the stock is currently owned by hedge funds and other institutional investors.

Flywire Company Profile

(Get Free Report

Flywire Corporation, together with its subsidiaries, operates as a payments enablement and software company in the United States and internationally. Its payment platform and network, and vertical-specific software help clients to get paid and help their customers to pay. The company's platform facilitates payment flows across multiple currencies, payment types, and payment options, as well as provides direct connections to alternative payment methods, such as Alipay, Boleto, PayPal/Venmo, and Trustly.

Further Reading

Analyst Recommendations for Flywire (NASDAQ:FLYW)

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