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

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

A number of research firms have commented on FLYW. BTIG Research reduced their target price on Flywire from $34.00 to $27.00 and set a “buy” rating for the company in a report on Wednesday, May 8th. Morgan Stanley downgraded shares of Flywire from an “overweight” rating to an “equal weight” rating and boosted their price objective for the stock from $27.00 to $30.00 in a report on Friday, March 1st. Citigroup reduced their price target on shares of Flywire from $36.00 to $33.00 and set a “buy” rating for the company in a research report on Wednesday, May 8th. The Goldman Sachs Group decreased their price target on Flywire from $32.00 to $25.00 and set a “buy” rating on the stock in a research note on Thursday, May 9th. Finally, William Blair reaffirmed an “outperform” rating on shares of Flywire in a research note on Wednesday, May 8th.

Get Our Latest Report on Flywire

Flywire Stock Performance

Shares of Flywire stock opened at $16.35 on Tuesday. The company has a market cap of $2.03 billion, a P/E ratio of -148.64, a PEG ratio of 18.67 and a beta of 1.00. The firm has a fifty day moving average of $18.13 and a two-hundred day moving average of $21.44. Flywire has a one year low of $15.19 and a one year high of $35.80.

Flywire (NASDAQ:FLYWGet Free Report) last posted its quarterly earnings results on Tuesday, May 7th. The company reported ($0.05) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.04) by ($0.01). Flywire had a negative return on equity of 1.56% and a negative net margin of 2.63%. The firm had revenue of $114.10 million for the quarter, compared to analysts’ expectations of $107.81 million. During the same period in the prior year, the company earned ($0.03) earnings per share. The company’s revenue for the quarter was up 20.9% on a year-over-year basis. As a group, equities analysts predict that Flywire will post 0.02 earnings per share for the current year.

Insiders Place Their Bets

In related news, CEO Michael Massaro sold 13,043 shares of the firm’s stock in a transaction that occurred 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 in the company, valued at $39,852,049.11. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 3.90% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Flywire

Institutional investors have recently added to or reduced their stakes in the business. Headlands Technologies LLC purchased a new stake in Flywire in the 1st quarter valued at about $46,000. Quest Partners LLC purchased a new stake in Flywire in the fourth quarter valued at approximately $52,000. Advisors Asset Management Inc. increased its position in Flywire by 45.6% during the first quarter. Advisors Asset Management Inc. now owns 3,044 shares of the company’s stock worth $76,000 after purchasing an additional 954 shares during the last quarter. RiverPark Advisors LLC raised its stake in Flywire by 22.6% during the fourth quarter. RiverPark Advisors LLC now owns 3,195 shares of the company’s stock worth $74,000 after purchasing an additional 589 shares during the period. Finally, Assetmark Inc. boosted its holdings in shares of Flywire by 16.9% in the 4th quarter. Assetmark Inc. now owns 5,061 shares of the company’s stock valued at $117,000 after purchasing an additional 733 shares during the last quarter. 95.90% of the stock is currently owned by institutional investors and hedge funds.

Flywire Company Profile

(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.

Further Reading

Analyst Recommendations for Flywire (NASDAQ:FLYW)

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