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

Shares of Flywire Co. (NASDAQ:FLYW) have been assigned an average rating of “Moderate Buy” from the sixteen brokerages that are presently covering the firm, MarketBeat reports. Three equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating on the company. The average 12-month price target among analysts that have covered the stock in the last year is $29.86.

A number of analysts have weighed in on the company. BTIG Research reduced their price target on Flywire from $34.00 to $27.00 and set a “buy” rating for the company in a research report on Wednesday, May 8th. Royal Bank of Canada lowered their price target on Flywire from $41.00 to $34.00 and set an “outperform” rating on the stock in a report on Wednesday, May 8th. UBS Group reduced their price objective on shares of Flywire from $34.00 to $26.00 and set a “buy” rating for the company in a research note on Wednesday, May 8th. Wedbush reiterated a “neutral” rating and issued a $18.00 target price on shares of Flywire in a research note on Thursday, May 23rd. Finally, Wells Fargo & Company cut their target price on shares of Flywire from $35.00 to $30.00 and set an “overweight” rating for the company in a research report on Monday, May 6th.

Insider Buying and Selling at Flywire

In other news, CEO Michael Massaro sold 13,043 shares of the firm’s stock in a transaction dated Wednesday, April 3rd. The shares were sold at an average price of $24.07, for a total transaction of $313,945.01. Following the completion of the transaction, the chief executive officer now directly owns 1,655,673 shares of the company’s stock, valued at approximately $39,852,049.11. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 3.90% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its holdings in shares of Flywire by 0.9% in the 1st quarter. Vanguard Group Inc. now owns 10,861,990 shares of the company’s stock worth $269,486,000 after buying an additional 100,704 shares in the last quarter. William Blair Investment Management LLC grew its position in Flywire by 8.8% in the first quarter. William Blair Investment Management LLC now owns 5,212,192 shares of the company’s stock valued at $129,314,000 after acquiring an additional 419,549 shares during the period. Westfield Capital Management Co. LP raised its stake in Flywire by 10.3% during the first quarter. Westfield Capital Management Co. LP now owns 4,837,491 shares of the company’s stock worth $120,018,000 after acquiring an additional 450,760 shares in the last quarter. Eventide Asset Management LLC lifted its holdings in shares of Flywire by 3.2% during the fourth quarter. Eventide Asset Management LLC now owns 4,203,264 shares of the company’s stock valued at $97,306,000 after acquiring an additional 131,996 shares during the period. Finally, Fred Alger Management LLC boosted its stake in shares of Flywire by 3.2% in the 3rd quarter. Fred Alger Management LLC now owns 3,479,847 shares of the company’s stock valued at $110,972,000 after purchasing an additional 108,749 shares in the last quarter. Institutional investors own 95.90% of the company’s stock.

Flywire Stock Performance

Shares of FLYW opened at $16.39 on Tuesday. The firm has a market cap of $2.04 billion, a PE ratio of -148.99, a PEG ratio of 29.90 and a beta of 1.00. The firm’s 50 day moving average price is $17.76 and its 200 day moving average price is $21.28. Flywire has a twelve month low of $15.19 and a twelve month high of $35.80.

Flywire (NASDAQ:FLYW) last announced its quarterly earnings results on Tuesday, May 7th. The company reported ($0.05) EPS for the quarter, missing the consensus estimate of ($0.04) by ($0.01). The business had revenue of $114.10 million for the quarter, compared to analyst estimates of $107.81 million. Flywire had a negative return on equity of 1.56% and a negative net margin of 2.63%. The business’s revenue for the quarter was up 20.9% compared to the same quarter last year. During the same quarter last year, the company earned ($0.03) EPS. On average, sell-side analysts anticipate that Flywire will post 0.01 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.