Flywire Co. (NASDAQ:FLYW) Receives Consensus Recommendation of “Hold” from Analysts

Flywire Co. (NASDAQ:FLYW) has been assigned a consensus recommendation of “Hold” from the fifteen analysts that are currently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, nine have issued a hold recommendation and five have assigned a buy recommendation to the company. The average 1 year price target among brokers that have covered the stock in the last year is $15.15.

FLYW has been the topic of a number of analyst reports. Stephens cut shares of Flywire from an “overweight” rating to an “equal weight” rating and lowered their target price for the company from $26.00 to $15.00 in a research note on Wednesday, February 26th. Wells Fargo & Company lowered their price objective on Flywire from $16.00 to $13.00 and set an “equal weight” rating on the stock in a research report on Wednesday, May 7th. Deutsche Bank Aktiengesellschaft cut Flywire from a “buy” rating to a “hold” rating and cut their target price for the stock from $26.00 to $16.00 in a research report on Wednesday, February 26th. Royal Bank of Canada lowered their price target on Flywire from $20.00 to $17.00 and set an “outperform” rating on the stock in a report on Wednesday, May 7th. Finally, UBS Group lowered shares of Flywire from a “buy” rating to a “neutral” rating and cut their price objective for the company from $25.00 to $15.00 in a report on Wednesday, February 26th.

Insider Activity at Flywire

In related news, Director Edwin J. Santos sold 5,466 shares of the firm’s stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $10.04, for a total value of $54,878.64. Following the completion of the sale, the director now directly owns 21,990 shares in the company, valued at $220,779.60. This trade represents a 19.91% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 3.90% of the stock is owned by insiders.

Institutional Investors Weigh In On Flywire

Institutional investors have recently made changes to their positions in the company. Arizona State Retirement System raised its position in Flywire by 1.6% in the 4th quarter. Arizona State Retirement System now owns 32,215 shares of the company’s stock worth $664,000 after purchasing an additional 513 shares during the period. Summit Investment Advisors Inc. grew its stake in shares of Flywire by 6.8% during the fourth quarter. Summit Investment Advisors Inc. now owns 12,634 shares of the company’s stock valued at $261,000 after buying an additional 802 shares during the last quarter. Dakota Wealth Management raised its holdings in shares of Flywire by 8.7% in the first quarter. Dakota Wealth Management now owns 13,334 shares of the company’s stock worth $127,000 after buying an additional 1,066 shares during the period. Bayesian Capital Management LP grew its position in Flywire by 6.9% in the 4th quarter. Bayesian Capital Management LP now owns 20,059 shares of the company’s stock valued at $414,000 after acquiring an additional 1,300 shares during the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in Flywire by 3.2% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 43,858 shares of the company’s stock worth $417,000 after purchasing an additional 1,361 shares during the period. Institutional investors own 95.90% of the company’s stock.

Flywire Stock Performance

NASDAQ:FLYW opened at $10.27 on Tuesday. The stock has a 50-day simple moving average of $9.91 and a two-hundred day simple moving average of $14.76. Flywire has a 52-week low of $8.20 and a 52-week high of $23.40. The firm has a market capitalization of $1.25 billion, a PE ratio of 68.47, a P/E/G ratio of 1.41 and a beta of 1.27.

Flywire (NASDAQ:FLYW) last released its earnings results on Tuesday, May 6th. The company reported $0.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.01 by $0.02. Flywire had a net margin of 4.23% and a return on equity of 2.49%. The company had revenue of $128.70 million during the quarter, compared to analyst estimates of $124.18 million. During the same period in the prior year, the firm posted ($0.05) EPS. The firm’s quarterly revenue was up 17.0% compared to the same quarter last year. Equities analysts forecast that Flywire will post 0.14 earnings per share for the current fiscal year.

Flywire Company Profile

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.