Flywire Co. (NASDAQ:FLYW) Receives $18.23 Average Price Target from Analysts

Shares of Flywire Co. (NASDAQ:FLYW) have received a consensus rating of “Hold” from the fifteen research firms that are presently covering the firm, Marketbeat reports. Ten equities research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 12 month price objective among analysts that have covered the stock in the last year is $18.23.

FLYW has been the subject of a number of research analyst reports. Citigroup reduced their price objective on shares of Flywire from $26.00 to $13.00 and set a “buy” rating for the company in a research report on Monday, March 24th. Raymond James cut Flywire from a “strong-buy” rating to an “outperform” rating and lowered their price objective for the stock from $29.00 to $17.00 in a report on Wednesday, February 26th. Seaport Res Ptn cut Flywire from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 14th. Wells Fargo & Company lowered their price target on Flywire from $20.00 to $16.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 26th. Finally, Deutsche Bank Aktiengesellschaft downgraded Flywire from a “buy” rating to a “hold” rating and reduced their price objective for the company from $26.00 to $16.00 in a research note on Wednesday, February 26th.

Flywire Stock Performance

FLYW stock opened at $9.60 on Thursday. Flywire has a one year low of $8.62 and a one year high of $24.97. The firm’s fifty day moving average is $15.22 and its 200 day moving average is $17.81. The firm has a market cap of $1.19 billion, a PE ratio of 64.00, a P/E/G ratio of 1.41 and a beta of 1.17.

Flywire (NASDAQ:FLYW) last posted its earnings results on Tuesday, February 25th. The company reported ($0.12) EPS for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.11). The business had revenue of $112.80 million for the quarter, compared to analyst estimates of $118.85 million. Flywire had a net margin of 4.23% and a return on equity of 2.49%. Research analysts predict that Flywire will post 0.14 earnings per share for the current fiscal year.

Insider Transactions at Flywire

In other Flywire news, General Counsel Peter Butterfield sold 5,523 shares of Flywire stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $10.08, for a total transaction of $55,671.84. Following the completion of the sale, the general counsel now directly owns 247,561 shares in the company, valued at $2,495,414.88. This trade represents a 2.18 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Gretchen Howard acquired 8,889 shares of the firm’s stock in a transaction dated Thursday, February 27th. The stock was bought at an average price of $10.94 per share, for a total transaction of $97,245.66. Following the completion of the acquisition, the director now owns 30,770 shares in the company, valued at approximately $336,623.80. The trade was a 40.62 % increase in their position. The disclosure for this purchase can be found here. Insiders own 3.90% of the company’s stock.

Institutional Trading of Flywire

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Global Retirement Partners LLC acquired a new stake in shares of Flywire in the fourth quarter valued at $30,000. Arcadia Investment Management Corp MI acquired a new position in Flywire in the 4th quarter valued at about $48,000. Advisors Asset Management Inc. increased its stake in Flywire by 15.4% during the third quarter. Advisors Asset Management Inc. now owns 4,046 shares of the company’s stock worth $66,000 after purchasing an additional 539 shares during the period. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Flywire during the fourth quarter worth about $77,000. Finally, KBC Group NV boosted its stake in shares of Flywire by 64.0% in the fourth quarter. KBC Group NV now owns 4,899 shares of the company’s stock valued at $101,000 after purchasing an additional 1,911 shares during the period. Hedge funds and other institutional investors own 95.90% 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.