Flywire Corporation (NASDAQ:FLYW) Receives Average Rating of “Hold” from Analysts

Flywire Corporation (NASDAQ:FLYW) has been given an average rating of “Hold” by the sixteen ratings firms that are presently covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and six have issued a buy rating on the company. The average 1-year price target among brokerages that have covered the stock in the last year is $15.7308.

FLYW has been the subject of a number of recent research reports. Zacks Research raised Flywire from a “strong sell” rating to a “hold” rating in a research note on Wednesday, November 19th. Stephens upgraded shares of Flywire from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $17.00 to $19.00 in a research note on Friday, January 16th. Truist Financial set a $17.00 price target on shares of Flywire in a report on Tuesday, January 20th. The Goldman Sachs Group upped their price objective on shares of Flywire from $14.00 to $16.00 and gave the stock a “neutral” rating in a report on Wednesday, November 5th. Finally, Weiss Ratings restated a “sell (d)” rating on shares of Flywire in a report on Thursday, January 22nd.

Insider Buying and Selling at Flywire

In related news, major shareholder Voss Capital, Lp bought 44,991 shares of Flywire stock in a transaction dated Wednesday, December 31st. The shares were bought at an average cost of $14.23 per share, for a total transaction of $640,221.93. Following the completion of the transaction, the insider owned 9,670,000 shares of the company’s stock, valued at approximately $137,604,100. This trade represents a 0.47% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Phillip John Riese sold 16,612 shares of the company’s stock in a transaction that occurred on Wednesday, January 7th. The shares were sold at an average price of $15.08, for a total transaction of $250,508.96. Following the completion of the sale, the director directly owned 234,493 shares of the company’s stock, valued at $3,536,154.44. The trade was a 6.62% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 38,426 shares of company stock worth $567,215 over the last three months. Company insiders own 4.40% of the company’s stock.

Hedge Funds Weigh In On Flywire

Several hedge funds and other institutional investors have recently made changes to their positions in FLYW. Global Retirement Partners LLC bought a new stake in shares of Flywire during the fourth quarter worth approximately $32,000. Covestor Ltd grew its position in Flywire by 217.9% in the 3rd quarter. Covestor Ltd now owns 3,233 shares of the company’s stock worth $43,000 after purchasing an additional 2,216 shares in the last quarter. Nisa Investment Advisors LLC increased its holdings in Flywire by 194.9% during the second quarter. Nisa Investment Advisors LLC now owns 3,279 shares of the company’s stock worth $38,000 after buying an additional 2,167 shares during the last quarter. State of Alaska Department of Revenue purchased a new stake in shares of Flywire during the 3rd quarter valued at approximately $67,000. Finally, Daiwa Securities Group Inc. boosted its holdings in Flywire by 78.4% in the 2nd quarter. Daiwa Securities Group Inc. now owns 5,681 shares of the company’s stock valued at $66,000 after purchasing an additional 2,497 shares during the period. 95.90% of the stock is currently owned by institutional investors and hedge funds.

Flywire Stock Performance

Shares of FLYW stock opened at $10.97 on Friday. The company has a market cap of $1.34 billion, a P/E ratio of -548.23, a PEG ratio of 1.24 and a beta of 1.28. The business has a 50 day moving average of $13.54 and a two-hundred day moving average of $13.23. Flywire has a 52 week low of $8.20 and a 52 week high of $20.16. The company has a quick ratio of 1.53, a current ratio of 1.53 and a debt-to-equity ratio of 0.02.

Flywire Company Profile

Flywire Corp (NASDAQ: FLYW) is a global payments enablement and software company that specializes in facilitating complex cross-border transactions. Its cloud-based platform streamlines receivables and payer workflows across key verticals including education, healthcare, travel and hospitality, and commercial services. Flywire’s technology integrates with institutional systems to automate payment posting, reconciliation and reporting, aiming to improve the payer experience and accelerate cash flow for its clients.

Founded in 2009 by entrepreneur Iker Marcaide as peerTransfer, the company rebranded as Flywire in 2015.