Flywire Corporation (NASDAQ:FLYW) Given Consensus Recommendation of "Hold" by Brokerages

Key Points

• Analysts have a consensus “Hold” rating on Flywire, with eight buys, six holds and one sell among 15 covering firms. The average 12-month price target is approximately $19.38, versus a recent share price of $17.78.
• Flywire’s latest quarterly revenue rose 27.2% year over year to $163.8 million, exceeding estimates, but adjusted EPS of negative $0.07 missed the consensus estimate of negative $0.02.
• Institutional investors own 95.9% of Flywire’s shares, while insiders sold approximately $5.0 million worth of stock over the past 90 days.

Flywire Corporation (NASDAQ:FLYW - Get Free Report) has been given an average recommendation of "Hold" by the fifteen analysts that are currently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and eight have assigned a buy rating to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $19.3846.

A number of equities research analysts have issued reports on the stock. The Goldman Sachs Group reiterated a "neutral" rating and set a $22.00 price objective on shares of Flywire in a research note on Wednesday. New Street Research set a $16.00 price objective on Flywire in a research note on Thursday, May 21st. Weiss Ratings cut Flywire from a "hold (c)" rating to a "sell (d+)" rating in a research report on Thursday. JPMorgan Chase & Co. raised Flywire from an "underweight" rating to a "neutral" rating and boosted their target price for the stock from $14.00 to $16.00 in a research note on Thursday, May 21st. Finally, Morgan Stanley reissued an "overweight" rating and issued a $22.00 target price on shares of Flywire in a report on Wednesday.

Flywire Stock Performance

NASDAQ:FLYW opened at $17.78 on Friday. The stock has a fifty day moving average price of $16.68 and a 200-day moving average price of $14.39. The company has a market cap of $2.19 billion, a price-to-earnings ratio of 68.39, a PEG ratio of 1.82 and a beta of 1.34. Flywire has a fifty-two week low of $10.55 and a fifty-two week high of $18.98.

Flywire (NASDAQ:FLYW - Get Free Report) last issued its quarterly earnings results on Tuesday, August 4th. The company reported ($0.07) EPS for the quarter, missing analysts' consensus estimates of ($0.02) by ($0.05). The company 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 for the quarter was up 27.2% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.10) EPS. Research analysts predict that Flywire will post 0.28 EPS for the current fiscal year.

Insider Buying and Selling at Flywire

In related news, CEO Michael Massaro sold 50,000 shares of the stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $15.26, for a total value of $763,000.00. Following the completion of the transaction, the chief executive officer owned 2,678,051 shares of the company's stock, valued at $40,867,058.26. This represents a 1.83% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, General Counsel Peter Butterfield sold 6,528 shares of the firm's stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $15.08, for a total transaction of $98,442.24. Following the completion of the sale, the general counsel owned 652,152 shares in the company, valued at $9,834,452.16. This represents a 0.99% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 304,889 shares of company stock worth $4,958,590 over the last 90 days. 5.00% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Royal Bank of Canada grew its position in Flywire by 13.6% during the 4th quarter. Royal Bank of Canada now owns 9,025 shares of the company's stock worth $128,000 after acquiring an additional 1,081 shares during the last quarter. Essential Partners LLC raised its position in Flywire by 219.1% in the first quarter. Essential Partners LLC now owns 2,288 shares of the company's stock valued at $27,000 after purchasing an additional 1,571 shares during the last quarter. Global Retirement Partners LLC bought a new position in Flywire in the fourth quarter valued at about $32,000. Daiwa Securities Group Inc. boosted its stake in shares of Flywire by 78.4% during the second quarter. Daiwa Securities Group Inc. now owns 5,681 shares of the company's stock valued at $66,000 after purchasing an additional 2,497 shares in the last quarter. Finally, Leonteq Securities AG boosted its stake in shares of Flywire by 267.6% during the first quarter. Leonteq Securities AG now owns 3,540 shares of the company's stock valued at $41,000 after purchasing an additional 2,577 shares in the last quarter. 95.90% of the stock is currently owned by institutional investors.

Flywire Company Profile

Flywire Corp NASDAQ: FLYW is a global payments enablement and software company that specializes in facilitating complex cross-border transactions. Its cloud-based platform streamlines receivables and payer workflows across key verticals including education, healthcare, travel and hospitality, and commercial services. Flywire's technology integrates with institutional systems to automate payment posting, reconciliation and reporting, aiming to improve the payer experience and accelerate cash flow for its clients.

Founded in 2009 by entrepreneur Iker Marcaide as peerTransfer, the company rebranded as Flywire in 2015.

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