Flywire Co. (NASDAQ:FLYW) Receives Consensus Rating of "Hold" from Analysts

Flywire Co. (NASDAQ:FLYW - Get Free Report) has been assigned a consensus rating of "Hold" from the fifteen ratings firms that are currently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, ten have assigned a hold recommendation and four have given a buy recommendation to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $15.62.

Several research analysts have commented on the stock. UBS Group lowered shares of Flywire from a "buy" rating to a "neutral" rating and decreased their price objective for the stock from $25.00 to $15.00 in a report on Wednesday, February 26th. Raymond James cut shares of Flywire from a "strong-buy" rating to an "outperform" rating and reduced their price target for the company from $29.00 to $17.00 in a research report on Wednesday, February 26th. Wolfe Research restated a "peer perform" rating on shares of Flywire in a report on Wednesday, April 23rd. Royal Bank of Canada cut their price objective on Flywire from $20.00 to $17.00 and set an "outperform" rating on the stock in a research report on Wednesday, May 7th. Finally, BTIG Research downgraded Flywire from a "buy" rating to a "neutral" rating in a report on Wednesday, February 26th.

Flywire Stock Up 2.0%

Shares of NASDAQ FLYW opened at $11.33 on Friday. The company has a market cap of $1.40 billion, a price-to-earnings ratio of 75.53, a PEG ratio of 1.41 and a beta of 1.22. Flywire has a 52 week low of $8.20 and a 52 week high of $23.40. The firm's fifty day moving average is $9.65 and its 200 day moving average is $15.96.

Flywire (NASDAQ:FLYW - Get Free Report) last posted its earnings results on Tuesday, May 6th. The company reported $0.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.01 by $0.02. The company had revenue of $128.70 million for the quarter, compared to analysts' expectations of $124.18 million. Flywire had a return on equity of 2.49% and a net margin of 4.23%. Flywire's quarterly revenue was up 17.0% on a year-over-year basis. During the same period last year, the firm earned ($0.05) earnings per share. Equities research analysts anticipate that Flywire will post 0.14 earnings per share for the current year.

Insider Buying and Selling

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

Institutional Trading of Flywire

Several large investors have recently added to or reduced their stakes in FLYW. Global Retirement Partners LLC purchased a new position in Flywire during the fourth quarter valued at $30,000. Arcadia Investment Management Corp MI bought a new position in shares of Flywire in the fourth quarter worth about $48,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Flywire during the 4th quarter valued at about $77,000. GAMMA Investing LLC lifted its position in shares of Flywire by 23,876.5% during the 1st quarter. GAMMA Investing LLC now owns 4,076 shares of the company's stock valued at $429,000 after buying an additional 4,059 shares in the last quarter. Finally, KBC Group NV grew its stake in shares of Flywire by 64.0% during the 4th quarter. KBC Group NV now owns 4,899 shares of the company's stock valued at $101,000 after acquiring an additional 1,911 shares during the period. 95.90% of the stock is currently owned by institutional investors.

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.

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