Flywire's (FLYW) Peer Perform Rating Reaffirmed at Wolfe Research

Flywire (NASDAQ:FLYW - Get Free Report)'s stock had its "peer perform" rating reiterated by equities researchers at Wolfe Research in a report issued on Wednesday, MarketBeat reports.

Other equities research analysts have also issued research reports about the company. Royal Bank of Canada cut their target price on Flywire from $25.00 to $20.00 and set an "outperform" rating on the stock in a research report on Wednesday, February 26th. Seaport Res Ptn downgraded shares of Flywire from a "strong-buy" rating to a "hold" rating in a report on Tuesday, January 14th. Stephens downgraded shares of Flywire from an "overweight" rating to an "equal weight" rating and reduced their price objective for the stock from $26.00 to $15.00 in a research report on Wednesday, February 26th. The Goldman Sachs Group reduced their target price on Flywire from $15.00 to $11.00 and set a "neutral" rating for the company in a report on Wednesday, April 2nd. Finally, Deutsche Bank Aktiengesellschaft lowered Flywire from a "buy" rating to a "hold" rating and decreased their target price for the company from $26.00 to $16.00 in a research report on Wednesday, February 26th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and five have issued a buy rating to the stock. According to MarketBeat, Flywire currently has a consensus rating of "Hold" and a consensus price target of $17.00.

Flywire Stock Down 0.5 %

Shares of FLYW traded down $0.05 during midday trading on Wednesday, reaching $8.90. 959,753 shares of the stock were exchanged, compared to its average volume of 1,734,156. Flywire has a twelve month low of $8.20 and a twelve month high of $23.40. The company has a market cap of $1.10 billion, a P/E ratio of 59.30, a PEG ratio of 1.41 and a beta of 1.22. The stock's 50 day simple moving average is $10.48 and its 200 day simple moving average is $16.61.

Flywire (NASDAQ:FLYW - Get Free Report) last released its earnings results on Tuesday, February 25th. The company reported ($0.12) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by ($0.11). The company had revenue of $112.80 million for the quarter, compared to analyst estimates of $118.85 million. Flywire had a return on equity of 2.49% and a net margin of 4.23%. As a group, analysts predict that Flywire will post 0.14 earnings per share for the current year.

Insider Buying and Selling

In other Flywire news, General Counsel Peter Butterfield sold 5,523 shares of the company's stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $10.08, for a total transaction of $55,671.84. Following the completion of the transaction, the general counsel now owns 247,561 shares of the company's stock, valued at $2,495,414.88. This represents a 2.18 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Gretchen Howard purchased 8,889 shares of the business's stock in a transaction that occurred on Thursday, February 27th. The stock was bought at an average price of $10.94 per share, for a total transaction of $97,245.66. Following the acquisition, the director now owns 30,770 shares of the company's stock, valued at $336,623.80. This represents a 40.62 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 3.90% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Flywire

A number of institutional investors have recently added to or reduced their stakes in the company. Global Retirement Partners LLC purchased a new position in Flywire in the 4th quarter worth approximately $30,000. Arcadia Investment Management Corp MI purchased a new stake in Flywire in the fourth quarter worth approximately $48,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Flywire during the 4th quarter valued at about $77,000. GAMMA Investing LLC increased its holdings in Flywire by 23,876.5% during the first quarter. GAMMA Investing LLC now owns 4,076 shares of the company's stock valued at $429,000 after buying an additional 4,059 shares during the last quarter. Finally, KBC Group NV boosted its stake in shares of Flywire by 64.0% during the 4th quarter. KBC Group NV now owns 4,899 shares of the company's stock worth $101,000 after acquiring an additional 1,911 shares during the last quarter. Institutional investors own 95.90% of the company's stock.

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.