Brokerages Set Flywire Co. (NASDAQ:FLYW) PT at $15.15

Shares of Flywire Co. (NASDAQ:FLYW - Get Free Report) have received an average recommendation of "Hold" from the fifteen research firms that are covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, nine have issued a hold recommendation and five have given a buy recommendation to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $15.15.

FLYW has been the subject of several research reports. Wolfe Research reiterated a "peer perform" rating on shares of Flywire in a research report on Wednesday, April 23rd. Citigroup dropped their price target on Flywire from $26.00 to $13.00 and set a "buy" rating for the company in a research report on Monday, March 24th. Stephens cut Flywire from an "overweight" rating to an "equal weight" rating and reduced their price objective for the stock from $26.00 to $15.00 in a research note on Wednesday, February 26th. Truist Financial began coverage on Flywire in a research note on Monday, June 2nd. They issued a "buy" rating and a $12.00 price objective for the company. Finally, Deutsche Bank Aktiengesellschaft cut Flywire from a "buy" rating to a "hold" rating and dropped their target price for the stock from $26.00 to $16.00 in a report on Wednesday, February 26th.

Flywire Stock Up 1.1%

NASDAQ FLYW traded up $0.11 on Tuesday, reaching $10.38. The company had a trading volume of 2,004,545 shares, compared to its average volume of 1,823,110. The firm's 50 day moving average price is $9.91 and its 200 day moving average price is $14.76. Flywire has a 12 month low of $8.20 and a 12 month high of $23.40. The stock has a market capitalization of $1.26 billion, a PE ratio of 69.20, a price-to-earnings-growth ratio of 1.41 and a beta of 1.27.

Flywire (NASDAQ:FLYW - Get Free Report) last released its quarterly earnings results on Tuesday, May 6th. The company reported $0.03 earnings per share for the quarter, beating the consensus estimate of $0.01 by $0.02. The business had revenue of $128.70 million during 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%. The firm's revenue for the quarter was up 17.0% compared to the same quarter last year. During the same quarter last year, the business posted ($0.05) EPS. On average, research analysts expect that Flywire will post 0.14 EPS for the current year.

Insider Buying and Selling at Flywire

In other news, Director Edwin J. Santos sold 5,466 shares of Flywire stock in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of $10.04, for a total transaction of $54,878.64. Following the completion of the sale, the director now owns 21,990 shares of the company's stock, valued at approximately $220,779.60. The trade was a 19.91% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 3.90% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Flywire

Several institutional investors have recently bought and sold shares of the business. Global Retirement Partners LLC bought a new stake in Flywire during the fourth quarter valued at about $30,000. Arcadia Investment Management Corp MI purchased a new stake in shares of Flywire during the fourth quarter valued at about $48,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Flywire in the 4th quarter valued at about $77,000. Venturi Wealth Management LLC purchased a new stake in Flywire during the fourth quarter valued at approximately $104,000. Finally, JT Stratford LLC acquired a new stake in Flywire in the first quarter valued at approximately $109,000. 95.90% of the stock is owned by hedge funds and other institutional investors.

Flywire Company Profile

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.