Flywire Corporation (NASDAQ:FLYW) Given Consensus Recommendation of “Hold” by Analysts

Flywire Corporation (NASDAQ:FLYW) has received a consensus recommendation of “Hold” from the fourteen ratings firms that are covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell rating, six 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 issued ratings on the stock in the last year is $15.5833.

FLYW has been the subject of several recent research reports. The Goldman Sachs Group cut their target price on Flywire from $17.00 to $15.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 25th. Stephens raised shares of Flywire from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $17.00 to $19.00 in a report on Friday, January 16th. Truist Financial reduced their target price on shares of Flywire from $17.00 to $16.00 and set a “buy” rating for the company in a research note on Tuesday, March 3rd. Weiss Ratings restated a “sell (d)” rating on shares of Flywire in a research report on Thursday, January 22nd. Finally, UBS Group decreased their target price on shares of Flywire from $15.50 to $14.00 and set a “neutral” rating for the company in a research report on Wednesday, February 25th.

Flywire Price Performance

Shares of NASDAQ FLYW opened at $11.78 on Monday. The firm has a market cap of $1.43 billion, a PE ratio of 117.81, a price-to-earnings-growth ratio of 1.01 and a beta of 1.26. The business has a 50 day moving average price of $12.04 and a two-hundred day moving average price of $13.14. Flywire has a fifty-two week low of $8.20 and a fifty-two week high of $15.25.

Flywire (NASDAQ:FLYW) last announced its quarterly earnings data on Tuesday, February 24th. The company reported $105.55 earnings per share for the quarter, beating the consensus estimate of ($0.01) by $105.56. The firm had revenue of $157.54 million during the quarter, compared to analyst estimates of $144.96 million. Flywire had a return on equity of 2.76% and a net margin of 2.17%.Flywire’s quarterly revenue was up 34.0% on a year-over-year basis. During the same period in the previous year, the company earned ($0.12) earnings per share. On average, analysts anticipate that Flywire will post 0.14 earnings per share for the current year.

Insider Buying and Selling

In other news, General Counsel Peter Butterfield sold 9,009 shares of the stock in a transaction that occurred on Thursday, March 5th. The shares were sold at an average price of $13.05, for a total value of $117,567.45. Following the completion of the transaction, the general counsel directly owned 532,962 shares in the company, valued at $6,955,154.10. This trade represents a 1.66% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Phillip John Riese sold 16,612 shares of the firm’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 transaction, the director owned 234,493 shares in the company, valued at $3,536,154.44. This represents a 6.62% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 38,948 shares of company stock valued at $568,115 over the last 90 days. 4.40% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of FLYW. AQR Capital Management LLC bought a new stake in shares of Flywire in the 1st quarter worth approximately $271,000. Millennium Management LLC grew its position in Flywire by 15.1% in the first quarter. Millennium Management LLC now owns 1,330,971 shares of the company’s stock worth $12,644,000 after buying an additional 175,007 shares during the last quarter. Goldman Sachs Group Inc. grew its position in Flywire by 14.7% in the first quarter. Goldman Sachs Group Inc. now owns 1,241,226 shares of the company’s stock worth $11,792,000 after buying an additional 159,239 shares during the last quarter. Legal & General Group Plc increased its holdings in shares of Flywire by 16.7% in the second quarter. Legal & General Group Plc now owns 156,169 shares of the company’s stock valued at $1,827,000 after buying an additional 22,370 shares in the last quarter. Finally, Rhumbline Advisers increased its holdings in shares of Flywire by 11.2% in the second quarter. Rhumbline Advisers now owns 188,581 shares of the company’s stock valued at $2,206,000 after buying an additional 19,028 shares in the last quarter. Institutional investors own 95.90% of the company’s stock.

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.