Flywire (NASDAQ:FLYW - Get Free Report) had its price objective raised by equities research analysts at BTIG Research from $17.00 to $20.00 in a report issued on Wednesday,Benzinga reports. The firm currently has a "buy" rating on the stock. BTIG Research's price objective indicates a potential upside of 37.65% from the stock's current price.
Several other research analysts have also recently weighed in on FLYW. The Goldman Sachs Group lowered their price target on shares of Flywire from $17.00 to $15.00 and set a "neutral" rating on the stock in a report on Wednesday, February 25th. Royal Bank Of Canada increased their price target on shares of Flywire from $18.00 to $20.00 and gave the company an "outperform" rating in a report on Wednesday, February 25th. Citigroup lowered their price target on shares of Flywire from $15.00 to $13.00 and set a "neutral" rating on the stock in a report on Thursday, February 26th. UBS Group lowered their price target on shares of Flywire from $15.50 to $14.00 and set a "neutral" rating on the stock in a report on Wednesday, February 25th. Finally, Truist Financial lowered their price target on shares of Flywire from $17.00 to $16.00 and set a "buy" rating on the stock in a report on Tuesday, March 3rd. Seven analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $16.50.
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Flywire Price Performance
Flywire stock opened at $14.53 on Wednesday. The firm has a market capitalization of $1.76 billion, a PE ratio of 145.31, a P/E/G ratio of 1.19 and a beta of 1.30. The company's 50-day moving average is $12.57 and its 200-day moving average is $13.12. Flywire has a fifty-two week low of $9.69 and a fifty-two week high of $15.25.
Flywire (NASDAQ:FLYW - Get Free Report) last released its quarterly earnings data on Tuesday, May 5th. The company reported $0.10 earnings per share for the quarter, topping the consensus estimate of $0.03 by $0.07. Flywire had a net margin of 2.17% and a return on equity of 2.76%. The company had revenue of $184.00 million for the quarter, compared to analyst estimates of $170.24 million. During the same period in the previous year, the business earned ($0.03) EPS. Flywire's revenue for the quarter was up 40.9% compared to the same quarter last year. As a group, analysts expect that Flywire will post 0.35 EPS for the current year.
Insider Buying and Selling
In other Flywire news, General Counsel Peter Butterfield sold 9,009 shares of the stock in a transaction that occurred on Thursday, March 5th. The shares were sold at an average price of $13.05, for a total transaction of $117,567.45. Following the transaction, the general counsel owned 532,962 shares in the company, valued at $6,955,154.10. This represents a 1.66% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, major shareholder Voss Capital, Lp bought 25,000 shares of the firm's stock in a transaction on Friday, February 13th. The shares were acquired at an average price of $10.99 per share, for a total transaction of $274,750.00. Following the transaction, the insider owned 2,300,000 shares in the company, valued at approximately $25,277,000. This represents a 1.10% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Corporate insiders own 4.40% of the company's stock.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently made changes to their positions in FLYW. AQR Capital Management LLC acquired a new position in shares of Flywire during the 1st quarter worth approximately $271,000. Millennium Management LLC boosted its position in shares of Flywire by 15.1% during the 1st quarter. Millennium Management LLC now owns 1,330,971 shares of the company's stock worth $12,644,000 after acquiring an additional 175,007 shares in the last quarter. Goldman Sachs Group Inc. boosted its position in shares of Flywire by 14.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,241,226 shares of the company's stock worth $11,792,000 after acquiring an additional 159,239 shares in the last quarter. American Century Companies Inc. boosted its position in shares of Flywire by 7.3% during the 2nd quarter. American Century Companies Inc. now owns 107,856 shares of the company's stock worth $1,262,000 after acquiring an additional 7,357 shares in the last quarter. Finally, Prudential Financial Inc. acquired a new stake in shares of Flywire during the 2nd quarter worth approximately $184,000. Institutional investors and hedge funds own 95.90% of the company's stock.
Key Flywire News
Here are the key news stories impacting Flywire this week:
Flywire Company Profile
(
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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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