Truist Financial Raises Flywire (NASDAQ:FLYW) Price Target to $13.00

Flywire (NASDAQ:FLYW - Get Free Report) had its target price boosted by stock analysts at Truist Financial from $12.00 to $13.00 in a report released on Thursday,Benzinga reports. The firm presently has a "buy" rating on the stock. Truist Financial's price objective points to a potential upside of 15.56% from the company's current price.

FLYW has been the topic of a number of other research reports. The Goldman Sachs Group upped their price objective on Flywire from $10.00 to $12.00 and gave the stock a "neutral" rating in a research note on Thursday, May 8th. B. Riley dropped their price target on Flywire from $17.00 to $15.00 and set a "buy" rating on the stock in a research note on Monday, June 23rd. Deutsche Bank Aktiengesellschaft started coverage on Flywire in a research note on Thursday. They issued a "hold" rating and a $12.00 price target on the stock. Wolfe Research restated a "peer perform" rating on shares of Flywire in a research note on Wednesday, April 23rd. Finally, Citigroup dropped their price target on Flywire from $26.00 to $13.00 and set a "buy" rating on the stock in a research note on Monday, March 24th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and five have given a buy rating to the company. According to data from MarketBeat, Flywire has an average rating of "Hold" and an average target price of $14.77.

Flywire Stock Up 1.0%

NASDAQ:FLYW traded up $0.11 during trading hours on Thursday, reaching $11.25. 1,960,124 shares of the stock were exchanged, compared to its average volume of 1,936,213. Flywire has a twelve month low of $8.20 and a twelve month high of $23.40. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.02 and a quick ratio of 2.02. The firm has a 50 day moving average of $11.11 and a 200 day moving average of $12.93. The stock has a market cap of $1.37 billion, a PE ratio of 281.25, a PEG ratio of 1.38 and a beta of 1.28.

Flywire (NASDAQ:FLYW - Get Free Report) last released its quarterly earnings results on Tuesday, May 6th. The company reported $0.03 earnings per share for the quarter, topping analysts' consensus estimates of $0.01 by $0.02. Flywire had a return on equity of 1.57% and a net margin of 0.97%. The firm had revenue of $128.70 million during the quarter, compared to the consensus estimate of $124.18 million. During the same quarter in the prior year, the firm posted ($0.05) EPS. The business's revenue was up 17.0% on a year-over-year basis. On average, equities analysts expect that Flywire will post 0.14 earnings per share for the current year.

Insider Activity

In other news, Director Edwin J. Santos sold 5,000 shares of the stock in a transaction on Friday, June 6th. The stock was sold at an average price of $10.50, for a total transaction of $52,500.00. Following the sale, the director directly owned 16,990 shares of the company's stock, valued at approximately $178,395. This represents a 22.74% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 4.40% of the company's stock.

Institutional Trading of Flywire

Large investors have recently modified their holdings of the stock. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Flywire in the fourth quarter valued at about $77,000. JT Stratford LLC acquired a new stake in Flywire in the first quarter valued at about $109,000. Dakota Wealth Management boosted its stake in Flywire by 8.7% in the first quarter. Dakota Wealth Management now owns 13,334 shares of the company's stock valued at $127,000 after buying an additional 1,066 shares in the last quarter. AE Wealth Management LLC acquired a new stake in Flywire in the first quarter valued at about $130,000. Finally, Fox Run Management L.L.C. acquired a new stake in Flywire in the first quarter valued at about $153,000. 95.90% of the stock is owned by institutional investors and hedge funds.

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.