Flywire Corporation (NASDAQ:FLYW) Receives Average Recommendation of "Hold" from Analysts

Key Points

• Flywire has an average analyst recommendation of Hold from 13 brokers (1 sell / 6 hold / 6 buy) with an average 1‑year price target of $16.18.
• In the latest quarter Flywire reported EPS of $105.55 (vs. -$0.01 expected) and revenue of $157.5M, beating estimates and showing 34% year‑over‑year revenue growth.
• Shares opened at $13.51 (52‑week range $9.35–$15.25) with a market cap of $1.64B and a high trailing P/E of 135.11; insiders own 4.4% while institutions/hedge funds hold about 95.9% of the stock.

Flywire Corporation (NASDAQ:FLYW - Get Free Report) has earned an average recommendation of "Hold" from the thirteen brokerages that are covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, six have given a hold rating and six have assigned a buy rating to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $16.1818.

Several research analysts have recently issued reports on FLYW shares. The Goldman Sachs Group reduced their price objective on Flywire from $17.00 to $15.00 and set a "neutral" rating for the company in a research note on Wednesday, February 25th. Stephens upgraded Flywire from an "equal weight" rating to an "overweight" rating and raised their price objective for the stock from $17.00 to $19.00 in a research note on Friday, January 16th. Weiss Ratings restated a "sell (d)" rating on shares of Flywire in a research note on Tuesday, April 21st. Royal Bank Of Canada raised their price objective on Flywire from $18.00 to $20.00 and gave the stock an "outperform" rating in a research note on Wednesday, February 25th. Finally, UBS Group reduced their price objective on Flywire from $15.50 to $14.00 and set a "neutral" rating for the company in a research note on Wednesday, February 25th.

Flywire Stock Down 1.2%

Shares of NASDAQ:FLYW opened at $13.51 on Friday. Flywire has a 52-week low of $9.35 and a 52-week high of $15.25. The stock has a market cap of $1.64 billion, a price-to-earnings ratio of 135.11, a PEG ratio of 1.15 and a beta of 1.26. The business has a 50-day moving average price of $12.51 and a 200-day moving average price of $13.10.

Flywire (NASDAQ:FLYW - Get Free Report) last announced its quarterly earnings data on Tuesday, February 24th. The company reported $105.55 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.01) by $105.56. Flywire had a return on equity of 2.76% and a net margin of 2.17%.The firm had revenue of $157.54 million during the quarter, compared to analysts' expectations of $144.96 million. During the same period last year, the business posted ($0.12) earnings per share. The company's revenue for the quarter was up 34.0% compared to the same quarter last year. As a group, equities analysts anticipate that Flywire will post 0.35 EPS for the current fiscal year.

Insider Activity at Flywire

In related news, major shareholder Voss Capital, Lp purchased 25,000 shares of Flywire stock in a transaction that occurred on Friday, February 13th. The stock was bought at an average cost of $10.99 per share, for a total transaction of $274,750.00. Following the completion of the transaction, the insider owned 2,300,000 shares in the company, valued at $25,277,000. The trade was a 1.10% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, General Counsel Peter Butterfield sold 9,009 shares of Flywire stock in a transaction that occurred on Thursday, March 5th. The shares were sold at an average price of $13.05, for a total value of $117,567.45. Following the transaction, the general counsel owned 532,962 shares of the company's stock, valued at approximately $6,955,154.10. This represents a 1.66% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 4.40% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of FLYW. Global Retirement Partners LLC purchased a new position in Flywire during the fourth quarter valued at approximately $32,000. Leonteq Securities AG raised its position in 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 acquiring an additional 2,577 shares in the last quarter. Covestor Ltd raised its position in Flywire by 217.9% during the third quarter. Covestor Ltd now owns 3,233 shares of the company's stock valued at $43,000 after acquiring an additional 2,216 shares in the last quarter. Daiwa Securities Group Inc. raised its position in 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 acquiring an additional 2,497 shares in the last quarter. Finally, State of Alaska Department of Revenue purchased a new position in Flywire during the third quarter valued at approximately $67,000. 95.90% of the stock is currently owned by hedge funds and other 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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