Flywire (NASDAQ:FLYW) PT Lowered to $25.00 at The Goldman Sachs Group

Flywire (NASDAQ:FLYW - Get Free Report) had its target price lowered by investment analysts at The Goldman Sachs Group from $32.00 to $25.00 in a research note issued to investors on Thursday, Benzinga reports. The firm presently has a "buy" rating on the stock. The Goldman Sachs Group's price target points to a potential upside of 41.40% from the company's current price.

A number of other equities analysts have also commented on the stock. Deutsche Bank Aktiengesellschaft began coverage on shares of Flywire in a research report on Tuesday, February 6th. They set a "buy" rating and a $27.00 price target on the stock. Morgan Stanley cut Flywire from an "overweight" rating to an "equal weight" rating and boosted their price target for the company from $27.00 to $30.00 in a research note on Friday, March 1st. William Blair restated an "outperform" rating on shares of Flywire in a research note on Wednesday. Oppenheimer initiated coverage on Flywire in a report on Tuesday, January 23rd. They set an "outperform" rating and a $25.00 target price on the stock. Finally, BTIG Research dropped their price target on Flywire from $34.00 to $27.00 and set a "buy" rating for the company in a research note on Wednesday. Two analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $31.60.

Flywire Stock Performance

FLYW traded up $0.44 during trading hours on Thursday, reaching $17.68. The company's stock had a trading volume of 3,716,931 shares, compared to its average volume of 1,660,268. The firm has a market cap of $2.17 billion, a PE ratio of -196.42, a price-to-earnings-growth ratio of 11.18 and a beta of 1.09. The company's 50-day moving average is $23.36 and its 200-day moving average is $23.13. Flywire has a 52 week low of $15.77 and a 52 week high of $35.80.

Flywire (NASDAQ:FLYW - Get Free Report) last announced its quarterly earnings results on Tuesday, May 7th. The company reported ($0.05) EPS for the quarter, missing analysts' consensus estimates of ($0.04) by ($0.01). The company had revenue of $114.10 million during the quarter, compared to analyst estimates of $107.81 million. Flywire had a negative net margin of 2.13% and a negative return on equity of 1.35%. The firm's quarterly revenue was up 20.9% on a year-over-year basis. During the same quarter last year, the company posted ($0.03) EPS. Equities analysts anticipate that Flywire will post 0.03 earnings per share for the current fiscal year.

Insider Buying and Selling at Flywire

In other news, CEO Michael Massaro sold 13,043 shares of the stock in a transaction dated Wednesday, April 3rd. The shares were sold at an average price of $24.07, for a total transaction of $313,945.01. Following the transaction, the chief executive officer now owns 1,655,673 shares of the company's stock, valued at approximately $39,852,049.11. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Flywire news, CEO Michael Massaro sold 13,043 shares of the company's stock in a transaction on Wednesday, April 3rd. The shares were sold at an average price of $24.07, for a total transaction of $313,945.01. Following the transaction, the chief executive officer now owns 1,655,673 shares in the company, valued at $39,852,049.11. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, General Counsel Peter Butterfield sold 4,730 shares of Flywire stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $27.30, for a total value of $129,129.00. Following the transaction, the general counsel now owns 214,678 shares of the company's stock, valued at approximately $5,860,709.40. The disclosure for this sale can be found here. In the last 90 days, insiders sold 141,800 shares of company stock valued at $3,743,582. 5.00% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in FLYW. William Blair Investment Management LLC bought a new stake in Flywire during the third quarter worth $100,341,000. Vanguard Group Inc. raised its stake in shares of Flywire by 13.8% during the 3rd quarter. Vanguard Group Inc. now owns 10,517,763 shares of the company's stock worth $335,411,000 after purchasing an additional 1,278,646 shares during the period. Jennison Associates LLC grew its position in Flywire by 129.7% during the first quarter. Jennison Associates LLC now owns 1,860,951 shares of the company's stock valued at $46,170,000 after buying an additional 1,050,924 shares during the period. FMR LLC increased its holdings in Flywire by 56.7% during the third quarter. FMR LLC now owns 2,804,218 shares of the company's stock worth $89,427,000 after buying an additional 1,014,757 shares during the last quarter. Finally, Westfield Capital Management Co. LP raised its position in Flywire by 24.8% in the fourth quarter. Westfield Capital Management Co. LP now owns 4,386,731 shares of the company's stock worth $101,553,000 after acquiring an additional 872,619 shares during the period. 95.90% of the stock is currently owned by hedge funds and other 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.