Flywire Co. (NASDAQ:FLYW) Given Average Rating of “Moderate Buy” by Analysts

by · The Cerbat Gem

Flywire Co. (NASDAQ:FLYW – Get Free Report) has received an average recommendation of “Moderate Buy” from the sixteen brokerages that are covering the company, Marketbeat reports. Three equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $29.86.

A number of analysts have issued reports on FLYW shares. Citigroup cut their price objective on shares of Flywire from $36.00 to $33.00 and set a “buy” rating for the company in a report on Wednesday, May 8th. Royal Bank of Canada reduced their price target on Flywire from $41.00 to $34.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 8th. Wedbush restated a “neutral” rating and set a $18.00 price objective on shares of Flywire in a research note on Thursday, May 23rd. BTIG Research cut their target price on Flywire from $34.00 to $27.00 and set a “buy” rating for the company in a research report on Wednesday, May 8th. Finally, Wells Fargo & Company decreased their price target on Flywire from $35.00 to $30.00 and set an “overweight” rating on the stock in a research report on Monday, May 6th.

View Our Latest Research Report on FLYW

Insider Activity at Flywire

In other Flywire news, CEO Michael Massaro sold 13,043 shares of the business’s stock in a transaction on Wednesday, April 3rd. The shares were sold at an average price of $24.07, for a total transaction of $313,945.01. Following the sale, the chief executive officer now owns 1,655,673 shares of the company’s stock, valued at $39,852,049.11. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 3.90% of the stock is owned by insiders.

Institutional Investors Weigh In On Flywire

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Headlands Technologies LLC acquired a new stake in shares of Flywire during the first quarter valued at about $46,000. Quest Partners LLC bought a new position in Flywire in the 4th quarter valued at approximately $52,000. RiverPark Advisors LLC raised its holdings in Flywire by 22.6% in the 4th quarter. RiverPark Advisors LLC now owns 3,195 shares of the company’s stock valued at $74,000 after buying an additional 589 shares during the last quarter. Advisors Asset Management Inc. boosted its position in Flywire by 45.6% during the 1st quarter. Advisors Asset Management Inc. now owns 3,044 shares of the company’s stock worth $76,000 after buying an additional 954 shares during the period. Finally, Assetmark Inc. grew its holdings in Flywire by 16.9% during the 4th quarter. Assetmark Inc. now owns 5,061 shares of the company’s stock worth $117,000 after acquiring an additional 733 shares during the last quarter. Institutional investors own 95.90% of the company’s stock.

Flywire Trading Down 4.6 %

NASDAQ:FLYW opened at $15.63 on Tuesday. The stock has a 50 day simple moving average of $17.65 and a 200 day simple moving average of $21.21. The stock has a market cap of $1.94 billion, a P/E ratio of -142.08, a PEG ratio of 29.61 and a beta of 0.98. Flywire has a 1-year low of $15.19 and a 1-year high of $35.80.

Flywire (NASDAQ:FLYW – Get Free Report) last posted its earnings results on Tuesday, May 7th. The company reported ($0.05) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.01). The firm 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 firm’s quarterly revenue was up 20.9% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.03) EPS. As a group, sell-side analysts forecast that Flywire will post 0.01 EPS for the current year.

About Flywire

(Get Free Report

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.

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