Flywire (NASDAQ:FLYW) Now Covered by Analysts at Citigroup

Key Points

• Citigroup initiated coverage on Flywire (NASDAQ:FLYW) with a "neutral" rating and a price target of $15.00, suggesting an 11.11% upside from its previous close.
• The stock has received a consensus rating of "Hold" from analysts, with a consensus price target of $13.88, and has seen a mix of ratings from other firms, including several upgrades and price target increases.
• Flywire reported a quarterly revenue of $127.50 million, exceeding analyst expectations, but missed the earnings per share forecast with a loss of ($0.09).

Stock analysts at Citigroup began coverage on shares of Flywire (NASDAQ:FLYW - Get Free Report) in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm set a "neutral" rating and a $15.00 price target on the stock. Citigroup's target price would suggest a potential upside of 11.11% from the company's previous close.

FLYW has been the topic of several other research reports. Wall Street Zen raised Flywire from a "sell" rating to a "hold" rating in a report on Sunday, August 10th. Deutsche Bank Aktiengesellschaft began coverage on Flywire in a report on Thursday, July 17th. They set a "hold" rating and a $12.00 price target on the stock. Truist Financial raised their price target on Flywire from $12.00 to $13.00 and gave the stock a "buy" rating in a report on Thursday, July 17th. Wolfe Research raised Flywire from a "peer perform" rating to an "outperform" rating and set a $16.00 price target on the stock in a report on Wednesday. Finally, UBS Group raised their price target on Flywire from $11.50 to $13.50 and gave the stock a "neutral" rating in a report on Wednesday, August 6th. Five analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $13.88.

Flywire Stock Performance

Shares of FLYW stock traded up $0.14 during mid-day trading on Wednesday, hitting $13.50. 1,472,949 shares of the stock were exchanged, compared to its average volume of 2,411,763. The stock's fifty day simple moving average is $13.04 and its two-hundred day simple moving average is $11.46. The stock has a market capitalization of $1.65 billion, a price-to-earnings ratio of 270.00, a P/E/G ratio of 3.49 and a beta of 1.29. Flywire has a 12-month low of $8.20 and a 12-month high of $23.40. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.87 and a current ratio of 1.87.

Flywire (NASDAQ:FLYW - Get Free Report) last issued its quarterly earnings data on Tuesday, August 5th. The company reported ($0.09) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.07) by ($0.02). The firm had revenue of $127.50 million for the quarter, compared to analysts' expectations of $119.65 million. Flywire had a return on equity of 1.94% and a net margin of 1.27%.The business's revenue for the quarter was up 27.2% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.11) EPS. Flywire has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. On average, analysts forecast that Flywire will post 0.14 EPS for the current year.

Hedge Funds Weigh In On Flywire

Hedge funds and other institutional investors have recently bought and sold shares of the company. Janney Montgomery Scott LLC raised its holdings in Flywire by 571.3% during the first quarter. Janney Montgomery Scott LLC now owns 77,708 shares of the company's stock worth $738,000 after purchasing an additional 66,133 shares during the last quarter. Jump Financial LLC acquired a new position in Flywire during the first quarter worth $2,036,000. Aigen Investment Management LP acquired a new position in Flywire during the first quarter worth $329,000. HighTower Advisors LLC acquired a new position in shares of Flywire during the 1st quarter worth approximately $227,000. Finally, Virtu Financial LLC acquired a new position in shares of Flywire during the 1st quarter worth approximately $251,000. 95.90% of the stock is owned by institutional investors and hedge funds.

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.

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