Flywire Corporation (NASDAQ:FLYW) Receives Consensus Rating of "Moderate Buy" from Brokerages

Key Points

• Flywire has a consensus “Moderate Buy” rating from 15 analysts: eight recommend buying the stock and seven rate it a hold. The average 12-month price target is $20.23, above its reported $17.40 opening price.
• Recent quarterly results were mixed: Flywire’s revenue rose 27.2% year over year to $163.8 million, exceeding estimates, while adjusted EPS of negative $0.07 missed the consensus estimate of negative $0.02.
• Insiders sold 555,718 shares worth approximately $10.55 million over the past 90 days, while institutional investors own a substantial 95.9% of the company.

Shares of Flywire Corporation (NASDAQ:FLYW - Get Free Report) have been assigned an average rating of "Moderate Buy" from the fifteen research firms that are presently covering the stock, Marketbeat Ratings reports. Seven research analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $20.23.

Several research firms recently issued reports on FLYW. B. Riley Financial lifted their price target on shares of Flywire from $22.00 to $24.00 and gave the company a "buy" rating in a research report on Wednesday, August 5th. UBS Group restated a "neutral" rating on shares of Flywire in a report on Thursday, September 17th. Truist Financial raised their price objective on shares of Flywire from $17.00 to $19.00 and gave the company a "hold" rating in a research note on Friday, August 14th. Wolfe Research lifted their price objective on shares of Flywire from $22.00 to $23.00 and gave the company an "outperform" rating in a report on Tuesday, August 25th. Finally, Zacks Research downgraded shares of Flywire from a "strong-buy" rating to a "hold" rating in a research report on Friday, July 10th.

Insider Activity

In other news, General Counsel Peter Butterfield sold 12,156 shares of the stock in a transaction that occurred on Tuesday, September 8th. The stock was sold at an average price of $17.99, for a total value of $218,686.44. Following the completion of the sale, the general counsel directly owned 601,022 shares of the company's stock, valued at $10,812,385.78. This represents a 1.98% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, major shareholder Voss Capital, Lp sold 172,973 shares of the firm's stock in a transaction that occurred on Tuesday, August 25th. The shares were sold at an average price of $19.19, for a total value of $3,319,351.87. Following the completion of the transaction, the insider owned 369,168 shares in the company, valued at $7,084,333.92. This represents a 31.91% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 555,718 shares of company stock worth $10,554,333. 5.00% of the stock is owned by insiders.

Institutional Investors Weigh In On Flywire

Institutional investors have recently bought and sold shares of the stock. Essential Partners LLC lifted its stake in Flywire by 219.1% during the 1st quarter. Essential Partners LLC now owns 2,288 shares of the company's stock valued at $27,000 after acquiring an additional 1,571 shares in the last quarter. Nykredit A S bought a new stake in shares of Flywire in the 2nd quarter worth $29,000. KBC Group NV bought a new stake in shares of Flywire in the 1st quarter worth $38,000. Leonteq Securities AG grew its stake in shares of Flywire by 267.6% in the 1st quarter. Leonteq Securities AG now owns 3,540 shares of the company's stock worth $41,000 after acquiring an additional 2,577 shares in the last quarter. Finally, Allworth Financial LP raised its holdings in shares of Flywire by 126.8% in the second quarter. Allworth Financial LP now owns 4,022 shares of the company's stock valued at $71,000 after purchasing an additional 2,249 shares during the last quarter. Institutional investors own 95.90% of the company's stock.

Flywire Price Performance

Shares of Flywire stock opened at $17.40 on Monday. The business has a 50-day simple moving average of $17.79 and a 200 day simple moving average of $15.87. Flywire has a one year low of $10.55 and a one year high of $19.73. The firm has a market capitalization of $2.12 billion, a price-to-earnings ratio of 66.93, a PEG ratio of 1.11 and a beta of 1.30.

Flywire (NASDAQ:FLYW - Get Free Report) last announced its quarterly earnings results on Tuesday, August 4th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.05). The firm had revenue of $163.80 million during the quarter, compared to the consensus estimate of $156.47 million. Flywire had a return on equity of 4.08% and a net margin of 4.77%.The firm's revenue was up 27.2% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.10) EPS. On average, sell-side analysts expect that Flywire will post 0.4 EPS for the current year.

Flywire Company Profile

Flywire Corporation NASDAQ: FLYW is a global payments-enablement and software company that helps organizations accept, process and manage domestic and international payments. Its platform is designed to simplify complex payment workflows, support multiple currencies and payment methods, and provide customers with tools for reconciliation, reporting and payment tracking.

The company serves institutions and businesses in sectors including education, health care, travel and business-to-business payments.

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