Flywire (NASDAQ:FLYW) Trading Up 5.4% - Still a Buy?

Flywire Co. (NASDAQ:FLYW - Get Free Report) shares traded up 5.4% during trading on Wednesday . The stock traded as high as $10.85 and last traded at $10.95. 314,060 shares were traded during mid-day trading, a decline of 83% from the average session volume of 1,822,527 shares. The stock had previously closed at $10.38.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on FLYW shares. JPMorgan Chase & Co. restated an "underweight" rating and set a $9.00 price target (down previously from $16.00) on shares of Flywire in a report on Monday, April 14th. The Goldman Sachs Group boosted their target price on shares of Flywire from $10.00 to $12.00 and gave the company a "neutral" rating in a research note on Thursday, May 8th. UBS Group cut Flywire from a "buy" rating to a "neutral" rating and decreased their target price for the stock from $25.00 to $15.00 in a research report on Wednesday, February 26th. Deutsche Bank Aktiengesellschaft downgraded Flywire from a "buy" rating to a "hold" rating and lowered their price target for the company from $26.00 to $16.00 in a report on Wednesday, February 26th. Finally, Wells Fargo & Company reduced their price objective on Flywire from $16.00 to $13.00 and set an "equal weight" rating for the company in a research note on Wednesday, May 7th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $15.15.

Flywire Stock Performance

The company has a market cap of $1.31 billion, a price-to-earnings ratio of 72.07, a price-to-earnings-growth ratio of 1.41 and a beta of 1.27. The company's 50 day moving average price is $9.97 and its 200 day moving average price is $14.71.

Flywire (NASDAQ:FLYW - Get Free Report) last posted its earnings results on Tuesday, May 6th. The company reported $0.03 earnings per share for the quarter, beating the consensus estimate of $0.01 by $0.02. The company had revenue of $128.70 million for the quarter, compared to analyst estimates of $124.18 million. Flywire had a return on equity of 2.49% and a net margin of 4.23%. The business's revenue was up 17.0% compared to the same quarter last year. During the same period last year, the company earned ($0.05) earnings per share. On average, equities research analysts forecast that Flywire Co. will post 0.14 EPS for the current fiscal year.

Insider Activity at Flywire

In other news, Director Edwin J. Santos sold 5,000 shares of the firm's stock in a transaction dated Friday, June 6th. The stock was sold at an average price of $10.50, for a total value of $52,500.00. Following the sale, the director now directly owns 16,990 shares of the company's stock, valued at approximately $178,395. This trade represents a 22.74% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 3.90% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. Raymond James Financial Inc. bought a new position in Flywire during the fourth quarter worth $35,579,000. Wellington Management Group LLP acquired a new stake in Flywire in the 1st quarter worth $15,782,000. Voss Capital LP acquired a new position in shares of Flywire during the fourth quarter valued at about $30,621,000. Federated Hermes Inc. acquired a new position in shares of Flywire during the first quarter valued at about $11,733,000. Finally, Teacher Retirement System of Texas bought a new stake in shares of Flywire in the fourth quarter valued at about $24,363,000. 95.90% of the stock is owned by institutional investors.

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.