Flywire Corporation (NASDAQ:FLYW) Stock Has Consensus Target Price of $20.31

by · The Markets Daily

Flywire Corporation (NASDAQ:FLYW – Get Free Report) has been given a consensus rating of “Hold” by the fifteen analysts that are currently covering the company, MarketBeat reports. Eight analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $20.31.

Several research firms have recently commented on FLYW. B. Riley Financial raised their price objective on Flywire from $22.00 to $24.00 and gave the stock a “buy” rating in a research note on Wednesday, August 5th. Seaport Research Partners reiterated a “buy” rating and set a $22.00 price objective on shares of Flywire in a research note on Monday, August 17th. Stephens reissued an “equal weight” rating and issued a $20.00 target price on shares of Flywire in a report on Friday, October 16th. The Goldman Sachs Group reissued a “neutral” rating and issued a $22.00 target price on shares of Flywire in a report on Wednesday, August 5th. Finally, Citigroup restated a “neutral” rating on shares of Flywire in a research note on Thursday, August 6th.

Check Out Our Latest Analysis on Flywire

Flywire Stock Performance

Shares of Flywire stock opened at $19.40 on Friday. Flywire has a one year low of $10.55 and a one year high of $19.73. The stock’s fifty day moving average is $18.23 and its 200 day moving average is $16.74. The stock has a market cap of $2.36 billion, a P/E ratio of 74.62, a P/E/G ratio of 1.24 and a beta of 1.35.

Flywire (NASDAQ:FLYW – Get Free Report) last released its earnings results on Tuesday, August 4th. The company reported ($0.07) earnings per share for the quarter, missing the consensus estimate of ($0.02) by ($0.05). Flywire had a net margin of 4.77% and a return on equity of 4.08%. The company had revenue of $163.80 million for the quarter, compared to analysts’ expectations of $156.47 million. During the same quarter last year, the firm posted ($0.10) earnings per share. Flywire’s revenue for the quarter was up 27.2% on a year-over-year basis. Analysts predict that Flywire will post 0.40 EPS for the current year.

Insiders Place Their Bets

In other news, major shareholder Voss Capital, Lp sold 172,973 shares of the stock in a transaction on Tuesday, August 25th. The shares were sold at an average price of $19.19, for a total value of $3,319,351.87. Following the completion of the sale, the insider directly owned 369,168 shares of the company’s stock, valued at $7,084,333.92. This represents a 31.91% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, General Counsel Peter Butterfield sold 12,156 shares of the stock in a transaction on Tuesday, September 8th. The stock was sold at an average price of $17.99, for a total transaction of $218,686.44. Following the completion of the sale, the general counsel directly owned 601,022 shares of the company’s stock, valued at approximately $10,812,385.78. This trade represents a 1.98% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 592,618 shares of company stock worth $11,230,341 over the last three months. 5.00% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Simplicity Wealth LLC purchased a new position in shares of Flywire in the third quarter valued at about $294,000. Sterling Capital Management LLC boosted its stake in shares of Flywire by 592.3% in the third quarter. Sterling Capital Management LLC now owns 3,884 shares of the company’s stock worth $68,000 after acquiring an additional 3,323 shares during the period. Nisa Investment Advisors LLC boosted its stake in shares of Flywire by 30.6% in the third quarter. Nisa Investment Advisors LLC now owns 5,986 shares of the company’s stock worth $105,000 after acquiring an additional 1,403 shares during the period. IFP Advisors Inc boosted its stake in shares of Flywire by 168.7% in the third quarter. IFP Advisors Inc now owns 2,483 shares of the company’s stock worth $43,000 after acquiring an additional 1,559 shares during the period. Finally, Farther Finance Advisors LLC grew its position in shares of Flywire by 9.5% during the third quarter. Farther Finance Advisors LLC now owns 38,786 shares of the company’s stock worth $679,000 after purchasing an additional 3,352 shares in the last quarter. Institutional investors own 95.90% of the company’s stock.

Flywire Company Profile

(Get Free Report)

Flywire Corp. (NASDAQ: FLYW) is a global payments and software company that helps organizations receive and manage payments from customers and clients in multiple countries and currencies. Its platform is designed to simplify complex, cross-border transactions while providing payment tracking, reconciliation and related accounts-receivable capabilities.

The company serves several major verticals, including education, healthcare, travel and business-to-business payments. Its products and services include international and domestic payment processing, digital billing and invoicing, payment plans, embedded payment solutions and tools that help organizations automate reconciliation and improve the payment experience.

Flywire was founded in 2009 as peerTransfer and is headquartered in Boston, Massachusetts.

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