William Blair Comments on Flywire Co.’s FY2022 Earnings (NASDAQ:FLYW)

Flywire Co. (NASDAQ:FLYWGet Rating) – Equities researchers at William Blair lowered their FY2022 earnings per share estimates for shares of Flywire in a research report issued on Tuesday, November 8th. William Blair analyst R. Napoli now forecasts that the company will earn ($0.49) per share for the year, down from their prior estimate of ($0.41). The consensus estimate for Flywire’s current full-year earnings is ($0.39) per share. William Blair also issued estimates for Flywire’s Q4 2022 earnings at ($0.13) EPS, Q1 2023 earnings at ($0.09) EPS, Q2 2023 earnings at ($0.15) EPS, Q4 2023 earnings at ($0.07) EPS and FY2023 earnings at ($0.16) EPS.

Other analysts also recently issued reports about the company. The Goldman Sachs Group decreased their price target on Flywire from $32.00 to $28.00 and set a “buy” rating on the stock in a research note on Wednesday. Wells Fargo & Company dropped their price target on Flywire from $30.00 to $27.00 and set an “overweight” rating on the stock in a research report on Wednesday. Truist Financial cut their price objective on Flywire from $36.00 to $32.00 and set a “buy” rating for the company in a report on Thursday, October 13th. Raymond James lowered their price target on Flywire from $33.00 to $28.00 and set a “strong-buy” rating on the stock in a research note on Thursday. Finally, Stephens cut their price target on Flywire from $30.00 to $26.00 and set an “overweight” rating on the stock in a research note on Wednesday. Seven equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $31.25.

Flywire Trading Down 0.1 %

FLYW opened at $22.02 on Friday. The firm has a market cap of $2.38 billion, a price-to-earnings ratio of -46.85 and a beta of 1.28. The company has a quick ratio of 3.92, a current ratio of 3.92 and a debt-to-equity ratio of 0.06. The business’s 50 day moving average is $22.53 and its two-hundred day moving average is $22.21. Flywire has a 52 week low of $14.56 and a 52 week high of $45.60.

Institutional Trading of Flywire

Several large investors have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its position in shares of Flywire by 0.8% in the 1st quarter. Vanguard Group Inc. now owns 5,038,684 shares of the company’s stock worth $154,082,000 after purchasing an additional 37,622 shares during the last quarter. Millennium Management LLC raised its stake in shares of Flywire by 33.3% in the 2nd quarter. Millennium Management LLC now owns 2,308,228 shares of the company’s stock valued at $40,694,000 after purchasing an additional 576,636 shares during the period. Invesco Ltd. raised its stake in shares of Flywire by 3.6% in the 1st quarter. Invesco Ltd. now owns 1,696,679 shares of the company’s stock valued at $51,884,000 after purchasing an additional 58,793 shares during the period. Franklin Resources Inc. raised its stake in shares of Flywire by 48.7% in the 2nd quarter. Franklin Resources Inc. now owns 1,681,293 shares of the company’s stock valued at $29,641,000 after purchasing an additional 550,596 shares during the period. Finally, Allspring Global Investments Holdings LLC raised its stake in shares of Flywire by 29.9% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 1,522,741 shares of the company’s stock valued at $34,962,000 after purchasing an additional 350,100 shares during the period. Institutional investors own 73.30% of the company’s stock.

Insider Buying and Selling

In other Flywire news, Director Phillip John Riese sold 5,000 shares of the firm’s stock in a transaction dated Thursday, October 27th. The shares were sold at an average price of $21.98, for a total transaction of $109,900.00. Following the transaction, the director now owns 16,354 shares of the company’s stock, valued at approximately $359,460.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Flywire news, CFO Michael G. Ellis sold 7,500 shares of the company’s stock in a transaction dated Wednesday, October 12th. The shares were sold at an average price of $20.27, for a total value of $152,025.00. Following the transaction, the chief financial officer now owns 141,791 shares of the company’s stock, valued at $2,874,103.57. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Phillip John Riese sold 5,000 shares of the company’s stock in a transaction that occurred on Thursday, October 27th. The stock was sold at an average price of $21.98, for a total transaction of $109,900.00. Following the sale, the director now owns 16,354 shares in the company, valued at $359,460.92. The disclosure for this sale can be found here. Insiders have sold 2,606,953 shares of company stock valued at $67,039,303 in the last 90 days. Company insiders own 37.50% of the company’s stock.

About Flywire

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Flywire Corporation, together with its subsidiaries, operates as a payment enablement and software company in the United States, Canada, and the United Kingdom, and internationally. Its payment platform and network, and vertical-specific software help clients to get paid and help their customers to pay.

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Earnings History and Estimates for Flywire (NASDAQ:FLYW)

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