Flywire (FLYW) Stock Price, News & Analysis

16 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Flywire in the last year. There are currently 2 hold ratings, 13 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" FLYW shares.
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16 brokerages have issued 1 year price objectives for Flywire's stock. Their FLYW share price targets range from $25.00 to $39.00. On average, they expect the company's share price to reach $31.29 in the next twelve months. This suggests a possible upside of 87.9% from the stock's current price.
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Flywire's stock was trading at $23.15 on January 1st, 2024. Since then, FLYW stock has decreased by 28.1% and is now trading at $16.65.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, August 13th 2024.
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Flywire Co. (NASDAQ:FLYW) released its earnings results on Tuesday, May, 7th. The company reported ($0.05) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.04) by $0.01. The firm earned $114.10 million during the quarter, compared to analyst estimates of $107.81 million. Flywire had a negative net margin of 2.63% and a negative trailing twelve-month return on equity of 1.56%. Flywire's quarterly revenue was up 20.9% on a year-over-year basis. During the same quarter last year, the firm earned ($0.03) earnings per share.

ETFs with the largest weight of Flywire (NASDAQ:FLYW) stock in their portfolio include Fidelity Disruptive Finance ETF (FDFF), Fidelity Crypto Industry and Digital Payments ETF (FDIG) and Global X FinTech Thematic ETF (FINX).Alger Weatherbie Enduring Growth ETF (AWEG).

Flywire updated its second quarter 2024 earnings guidance on Wednesday, May, 8th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $96.0 million-$104.0 million, compared to the consensus revenue estimate of $108.1 million.

Flywire (FLYW) raised $200 million in an initial public offering (IPO) on Wednesday, May 26th 2021. The company issued 8,700,000 shares at a price of $22.00-$24.00 per share. Goldman Sachs, J.P. Morgan, Citigroup and BofA Securities acted as the underwriters for the IPO and Raymond James, RBC Capital Markets, William Blair, Guggenheim Securities, Nomura, AmeriVet Securities, Ramirez & Co., Siebert Williams Shank and Telsey Advisory Group were co-managers.

Flywire's stock is owned by a number of institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (8.84%), William Blair Investment Management LLC (4.24%), Westfield Capital Management Co. LP (3.94%), Jennison Associates LLC (1.52%), Blair William & Co. IL (1.11%) and Principal Financial Group Inc. (0.86%). Insiders that own company stock include Alex Finkelstein, Bain Capital Venture Investors, David R King, Edwin J Santos, Enrique T Salem, Goldman Sachs Group Inc, Jo Natauri, Matthew C Harris, Michael G Ellis, Michael Massaro, Peter Butterfield, Phillip John Riese and Rob Orgel.
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Shares of FLYW stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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