Analysts Set Flywire Co. (NASDAQ:FLYW) PT at $17.00

Shares of Flywire Co. (NASDAQ:FLYW - Get Free Report) have received a consensus recommendation of "Hold" from the sixteen ratings firms that are currently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and five have issued a buy rating on the company. The average 1-year target price among brokerages that have covered the stock in the last year is $17.00.

A number of analysts recently weighed in on the stock. Seaport Res Ptn lowered shares of Flywire from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, January 14th. JPMorgan Chase & Co. reiterated an "underweight" rating and issued a $9.00 price target (down from $16.00) on shares of Flywire in a report on Monday, April 14th. Stephens downgraded shares of Flywire from an "overweight" rating to an "equal weight" rating and reduced their target price for the stock from $26.00 to $15.00 in a report on Wednesday, February 26th. Wolfe Research restated a "peer perform" rating on shares of Flywire in a report on Wednesday. Finally, BTIG Research cut shares of Flywire from a "buy" rating to a "neutral" rating in a research report on Wednesday, February 26th.

Insider Transactions at Flywire

In other Flywire news, Director Gretchen Howard purchased 8,889 shares of the business's stock in a transaction that occurred on Thursday, February 27th. The shares were bought at an average price of $10.94 per share, for a total transaction of $97,245.66. Following the acquisition, the director now owns 30,770 shares in the company, valued at $336,623.80. This represents a 40.62 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, General Counsel Peter Butterfield sold 5,523 shares of Flywire stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $10.08, for a total transaction of $55,671.84. Following the sale, the general counsel now owns 247,561 shares of the company's stock, valued at approximately $2,495,414.88. The trade was a 2.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 3.90% of the company's stock.

Institutional Investors Weigh In On Flywire

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Arizona State Retirement System boosted its stake in shares of Flywire by 1.6% in the fourth quarter. Arizona State Retirement System now owns 32,215 shares of the company's stock worth $664,000 after buying an additional 513 shares during the last quarter. Summit Investment Advisors Inc. boosted its position in Flywire by 6.8% in the 4th quarter. Summit Investment Advisors Inc. now owns 12,634 shares of the company's stock worth $261,000 after purchasing an additional 802 shares in the last quarter. Bayesian Capital Management LP grew its stake in shares of Flywire by 6.9% during the 4th quarter. Bayesian Capital Management LP now owns 20,059 shares of the company's stock worth $414,000 after purchasing an additional 1,300 shares during the period. Global Retirement Partners LLC purchased a new position in shares of Flywire during the 4th quarter valued at approximately $30,000. Finally, Harbor Capital Advisors Inc. lifted its stake in shares of Flywire by 0.7% in the 4th quarter. Harbor Capital Advisors Inc. now owns 224,775 shares of the company's stock valued at $4,635,000 after purchasing an additional 1,531 shares during the period. 95.90% of the stock is owned by institutional investors and hedge funds.

Flywire Price Performance

Shares of FLYW traded down $0.01 during mid-day trading on Monday, reaching $8.82. 448,557 shares of the company's stock traded hands, compared to its average volume of 1,710,156. The stock's 50-day moving average is $10.69 and its two-hundred day moving average is $16.66. Flywire has a 12 month low of $8.20 and a 12 month high of $23.40. The stock has a market cap of $1.09 billion, a P/E ratio of 58.73, a P/E/G ratio of 1.41 and a beta of 1.22.

Flywire (NASDAQ:FLYW - Get Free Report) last announced its quarterly earnings data on Tuesday, February 25th. The company reported ($0.12) earnings per share for the quarter, missing analysts' consensus estimates of ($0.01) by ($0.11). The company had revenue of $112.80 million for the quarter, compared to the consensus estimate 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 year.

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.