Flywire (NASDAQ:FLYW) Now Covered by Analysts at Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft assumed coverage on shares of Flywire (NASDAQ:FLYW - Free Report) in a report released on Thursday, Marketbeat Ratings reports. The firm issued a hold rating and a $12.00 price objective on the stock.

Other analysts have also recently issued research reports about the stock. Royal Bank Of Canada cut their price target on shares of Flywire from $20.00 to $17.00 and set an "outperform" rating on the stock in a research report on Wednesday, May 7th. Wells Fargo & Company cut their price target on shares of Flywire from $16.00 to $13.00 and set an "equal weight" rating on the stock in a research report on Wednesday, May 7th. B. Riley cut their price objective on shares of Flywire from $17.00 to $15.00 and set a "buy" rating on the stock in a research report on Monday, June 23rd. Wolfe Research reissued a "peer perform" rating on shares of Flywire in a research report on Wednesday, April 23rd. Finally, Truist Financial initiated coverage on shares of Flywire in a research report on Monday, June 2nd. They set a "buy" rating and a $12.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat.com, Flywire presently has an average rating of "Hold" and an average target price of $14.77.

Flywire Trading Down 3.6%

FLYW traded down $0.41 during trading on Thursday, reaching $10.84. 2,499,719 shares of the stock traded hands, compared to its average volume of 1,938,458. The company has a quick ratio of 2.02, a current ratio of 2.02 and a debt-to-equity ratio of 0.08. The stock has a market capitalization of $1.32 billion, a PE ratio of 271.00, a P/E/G ratio of 1.38 and a beta of 1.28. The stock's 50-day moving average is $11.11 and its 200 day moving average is $12.93. Flywire has a 12 month low of $8.20 and a 12 month high of $23.40.

Flywire (NASDAQ:FLYW - Get Free Report) last issued its quarterly earnings results on Tuesday, May 6th. The company reported $0.03 EPS for the quarter, beating analysts' consensus estimates of $0.01 by $0.02. The business had revenue of $128.70 million for the quarter, compared to analysts' expectations of $124.18 million. Flywire had a net margin of 0.97% and a return on equity of 1.57%. The business's quarterly revenue was up 17.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.05) earnings per share. Equities analysts anticipate that Flywire will post 0.14 earnings per share for the current year.

Insiders Place Their Bets

In other Flywire news, Director Edwin J. Santos sold 5,466 shares of the stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $10.04, for a total value of $54,878.64. Following the completion of the sale, the director owned 21,990 shares in the company, valued at approximately $220,779.60. This trade represents a 19.91% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 4.40% of the company's stock.

Institutional Investors Weigh In On Flywire

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Janney Montgomery Scott LLC increased its stake in Flywire by 7.4% in the 2nd quarter. Janney Montgomery Scott LLC now owns 83,422 shares of the company's stock valued at $976,000 after buying an additional 5,714 shares during the last quarter. ABS Direct Equity Fund LLC increased its stake in shares of Flywire by 175.0% during the 2nd quarter. ABS Direct Equity Fund LLC now owns 275,000 shares of the company's stock worth $3,218,000 after purchasing an additional 175,000 shares during the last quarter. Counterpoint Mutual Funds LLC purchased a new stake in shares of Flywire during the 2nd quarter worth approximately $356,000. Rhumbline Advisers increased its stake in shares of Flywire by 2.3% during the 1st quarter. Rhumbline Advisers now owns 169,553 shares of the company's stock worth $1,611,000 after purchasing an additional 3,732 shares during the last quarter. Finally, Strs Ohio purchased a new stake in shares of Flywire during the 1st quarter worth approximately $620,000. Hedge funds and other institutional investors own 95.90% of the company's stock.

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.