Flywire (NASDAQ:FLYW) Announces Quarterly Earnings Results

Flywire (NASDAQ:FLYW) released its earnings results on Tuesday. The company reported ($0.12) EPS for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.11), Zacks reports. Flywire had a return on equity of 2.49% and a net margin of 4.23%.

Flywire Price Performance

Shares of Flywire stock traded up $0.31 on Tuesday, hitting $17.64. The company had a trading volume of 2,827,240 shares, compared to its average volume of 1,464,206. Flywire has a 52 week low of $15.19 and a 52 week high of $31.54. The company has a market cap of $2.19 billion, a PE ratio of 117.60, a PEG ratio of 1.41 and a beta of 1.08. The business has a 50-day simple moving average of $19.67 and a 200-day simple moving average of $18.98.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on FLYW. Citigroup dropped their price target on Flywire from $27.00 to $26.00 and set a “buy” rating on the stock in a research report on Tuesday, January 14th. Deutsche Bank Aktiengesellschaft raised their price target on shares of Flywire from $23.00 to $26.00 and gave the stock a “buy” rating in a research report on Monday, December 2nd. Morgan Stanley increased their price objective on shares of Flywire from $20.00 to $21.00 and gave the stock an “equal weight” rating in a research note on Monday, November 11th. The Goldman Sachs Group raised their target price on shares of Flywire from $22.00 to $27.00 and gave the stock a “buy” rating in a report on Monday, December 2nd. Finally, Raymond James upped their target price on Flywire from $23.00 to $27.00 and gave the company a “strong-buy” rating in a report on Friday, November 8th. Five equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Flywire currently has a consensus rating of “Moderate Buy” and an average target price of $25.38.

About Flywire

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.