Q4 Earnings Forecast for Flywire Issued By Seaport Res Ptn

Flywire Co. (NASDAQ:FLYW) – Analysts at Seaport Res Ptn dropped their Q4 2024 earnings per share estimates for Flywire in a research note issued to investors on Wednesday, November 27th. Seaport Res Ptn analyst J. Cantwell now anticipates that the company will post earnings of $0.03 per share for the quarter, down from their previous estimate of $0.05. The consensus estimate for Flywire’s current full-year earnings is $0.09 per share. Seaport Res Ptn also issued estimates for Flywire’s Q1 2025 earnings at $0.06 EPS, Q4 2025 earnings at $0.03 EPS, Q2 2026 earnings at $0.03 EPS, Q3 2026 earnings at $0.28 EPS and FY2026 earnings at $0.46 EPS.

A number of other equities research analysts have also weighed in on the stock. Wells Fargo & Company lowered shares of Flywire from an “overweight” rating to an “equal weight” rating and cut their target price for the company from $20.00 to $18.00 in a research note on Friday, October 11th. JPMorgan Chase & Co. upped their target price on Flywire from $18.00 to $21.00 and gave the stock a “neutral” rating in a report on Tuesday, August 20th. The Goldman Sachs Group raised their target price on Flywire from $22.00 to $27.00 and gave the company a “buy” rating in a research note on Monday. Royal Bank of Canada decreased their price objective on Flywire from $34.00 to $25.00 and set an “outperform” rating for the company in a report on Wednesday, August 7th. Finally, BTIG Research dropped their target price on shares of Flywire from $27.00 to $26.00 and set a “buy” rating on the stock in a report on Wednesday, August 7th. Four analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $25.29.

Flywire Price Performance

FLYW opened at $23.14 on Monday. The firm has a market capitalization of $2.88 billion, a price-to-earnings ratio of 151.93, a PEG ratio of 4.38 and a beta of 0.95. Flywire has a one year low of $15.19 and a one year high of $31.54. The business has a 50 day simple moving average of $18.70 and a two-hundred day simple moving average of $17.79.

Institutional Investors Weigh In On Flywire

Several institutional investors and hedge funds have recently made changes to their positions in the stock. William Blair Investment Management LLC increased its stake in shares of Flywire by 125.1% in the second quarter. William Blair Investment Management LLC now owns 11,731,790 shares of the company’s stock worth $192,284,000 after acquiring an additional 6,519,598 shares during the period. FMR LLC grew its position in Flywire by 3.6% during the 3rd quarter. FMR LLC now owns 9,408,098 shares of the company’s stock worth $154,199,000 after purchasing an additional 326,120 shares during the period. Westfield Capital Management Co. LP raised its stake in shares of Flywire by 19.3% during the 3rd quarter. Westfield Capital Management Co. LP now owns 6,226,912 shares of the company’s stock valued at $102,059,000 after buying an additional 1,006,516 shares during the last quarter. State Street Corp raised its stake in shares of Flywire by 5.2% during the 3rd quarter. State Street Corp now owns 2,930,906 shares of the company’s stock valued at $48,038,000 after buying an additional 145,894 shares during the last quarter. Finally, Geode Capital Management LLC lifted its holdings in shares of Flywire by 0.6% in the 3rd quarter. Geode Capital Management LLC now owns 2,799,486 shares of the company’s stock valued at $45,892,000 after buying an additional 17,062 shares during the period. 95.90% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Flywire

In related news, CTO David R. King sold 3,504 shares of the stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $17.31, for a total transaction of $60,654.24. Following the completion of the sale, the chief technology officer now owns 616,680 shares of the company’s stock, valued at $10,674,730.80. This represents a 0.56 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, COO Rob Orgel sold 3,824 shares of the stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $17.31, for a total value of $66,193.44. Following the sale, the chief operating officer now owns 473,648 shares of the company’s stock, valued at approximately $8,198,846.88. This represents a 0.80 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 8,663 shares of company stock valued at $149,957. 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.