William Blair Has Pessimistic Outlook of Flywire Q4 Earnings

Flywire Co. (NASDAQ:FLYW) – Analysts at William Blair decreased their Q4 2024 earnings estimates for Flywire in a research note issued to investors on Friday, November 8th. William Blair analyst C. Kennedy now forecasts that the company will earn $0.00 per share for the quarter, down from their previous estimate of $0.01. The consensus estimate for Flywire’s current full-year earnings is $0.06 per share. William Blair also issued estimates for Flywire’s Q1 2025 earnings at $0.06 EPS, Q2 2025 earnings at ($0.02) EPS, Q3 2025 earnings at $0.29 EPS and Q4 2025 earnings at $0.07 EPS.

Other equities research analysts have also issued research reports about the company. Deutsche Bank Aktiengesellschaft dropped their price target on Flywire from $25.00 to $22.00 and set a “buy” rating on the stock in a research report on Wednesday, August 7th. BTIG Research cut their price target on shares of Flywire from $27.00 to $26.00 and set a “buy” rating on the stock in a research note on Wednesday, August 7th. B. Riley reissued a “buy” rating and set a $30.00 price objective on shares of Flywire in a research report on Wednesday, October 2nd. Raymond James upped their target price on shares of Flywire from $23.00 to $27.00 and gave the stock a “strong-buy” rating in a research note on Friday, November 8th. Finally, Morgan Stanley lifted their price target on Flywire from $20.00 to $21.00 and gave the company an “equal weight” rating in a research note on Monday. Four analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $24.86.

Flywire Stock Down 2.3 %

FLYW opened at $22.63 on Monday. The stock has a market cap of $2.83 billion, a P/E ratio of 150.87, a P/E/G ratio of 9.00 and a beta of 0.95. Flywire has a 12 month low of $15.19 and a 12 month high of $31.54. The company has a fifty day simple moving average of $17.28 and a 200 day simple moving average of $17.44.

Institutional Trading of Flywire

A number of hedge funds have recently modified their holdings of the stock. Westfield Capital Management Co. LP lifted its position in Flywire by 19.3% during the third quarter. Westfield Capital Management Co. LP now owns 6,226,912 shares of the company’s stock worth $102,059,000 after acquiring an additional 1,006,516 shares during the last quarter. Sompo Asset Management Co. Ltd. lifted its holdings in Flywire by 8.0% during the 3rd quarter. Sompo Asset Management Co. Ltd. now owns 34,060 shares of the company’s stock worth $558,000 after purchasing an additional 2,510 shares during the last quarter. Eagle Asset Management Inc. grew its holdings in Flywire by 7.8% in the 3rd quarter. Eagle Asset Management Inc. now owns 911,363 shares of the company’s stock valued at $14,937,000 after buying an additional 65,625 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in Flywire by 2.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 931,914 shares of the company’s stock worth $15,274,000 after buying an additional 21,655 shares during the period. Finally, Landscape Capital Management L.L.C. acquired a new stake in shares of Flywire during the third quarter worth $275,000. Institutional investors and hedge funds own 95.90% of the company’s stock.

Insider Activity

In related news, CEO Michael Massaro sold 8,629 shares of the firm’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $18.04, for a total value of $155,667.16. Following the completion of the sale, the chief executive officer now directly owns 1,739,351 shares in the company, valued at approximately $31,377,892.04. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Flywire news, CEO Michael Massaro sold 8,629 shares of the company’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $18.04, for a total value of $155,667.16. Following the sale, the chief executive officer now owns 1,739,351 shares in the company, valued at $31,377,892.04. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, COO Rob Orgel sold 3,824 shares of Flywire stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $17.31, for a total value of $66,193.44. Following the transaction, the chief operating officer now owns 473,648 shares of the company’s stock, valued at $8,198,846.88. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 26,966 shares of company stock valued at $480,143 in the last quarter. Company insiders own 3.90% of the company’s stock.

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.