Flywire (NASDAQ:FLYW) Stock Price Expected to Rise, UBS Group Analyst Says

Key Points

• UBS Group has raised its price target for Flywire (NASDAQ: FLYW) from $11.50 to $13.50, suggesting a potential upside of 12.36% from its current price, while maintaining a "neutral" rating.
• Other analysts have mixed views, with Royal Bank of Canada lowering its target to $17.00 while Goldman Sachs set a target of $12.00, indicating a consensus rating of "Hold" and an average target price of $14.65.
• Flywire recently reported a quarterly revenue of $127.50 million, exceeding expectations, but posted earnings of ($0.10) per share, missing the consensus estimate.

Flywire (NASDAQ:FLYW - Get Free Report) had its target price increased by research analysts at UBS Group from $11.50 to $13.50 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage presently has a "neutral" rating on the stock. UBS Group's price objective suggests a potential upside of 13.54% from the company's current price.

A number of other equities analysts have also recently commented on the company. B. Riley dropped their target price on Flywire from $17.00 to $15.00 and set a "buy" rating for the company in a report on Monday, June 23rd. Deutsche Bank Aktiengesellschaft began coverage on Flywire in a research report on Thursday, July 17th. They issued a "hold" rating and a $12.00 price target for the company. Wells Fargo & Company reduced their target price on shares of Flywire from $16.00 to $13.00 and set an "equal weight" rating on the stock in a research note on Wednesday, May 7th. Truist Financial raised their target price on shares of Flywire from $12.00 to $13.00 and gave the stock a "buy" rating in a report on Thursday, July 17th. Finally, Royal Bank Of Canada cut their price target on shares of Flywire from $20.00 to $17.00 and set an "outperform" rating on the stock in a report on Wednesday, May 7th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $13.71.

Flywire Price Performance

Shares of FLYW stock traded down $0.44 during trading hours on Wednesday, hitting $11.89. The stock had a trading volume of 629,829 shares, compared to its average volume of 2,579,991. 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 stock has a market capitalization of $1.45 billion, a price-to-earnings ratio of 238.50, a PEG ratio of 2.68 and a beta of 1.27. Flywire has a one year low of $8.20 and a one year high of $23.40. The stock's 50-day moving average price is $11.17 and its two-hundred day moving average price is $12.07.

Flywire (NASDAQ:FLYW - Get Free Report) last released its quarterly earnings data on Tuesday, August 5th. The company reported ($0.09) EPS for the quarter, missing the consensus estimate of ($0.07) by ($0.02). The business had revenue of $127.50 million for the quarter, compared to the consensus estimate of $119.65 million. Flywire had a net margin of 1.27% and a return on equity of 1.93%. Flywire's revenue for the quarter was up 27.2% compared to the same quarter last year. During the same quarter last year, the business earned ($0.11) EPS. Equities analysts forecast that Flywire will post 0.14 EPS for the current year.

Insider Activity

In other Flywire news, Director Edwin J. Santos sold 5,000 shares of the firm's 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 transaction, the director directly owned 16,990 shares in the company, valued at $178,395. This trade represents a 22.74% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 4.40% of the company's stock.

Hedge Funds Weigh In On Flywire

Several institutional investors have recently made changes to their positions in the company. Nisa Investment Advisors LLC grew its holdings in Flywire by 194.9% during the 2nd quarter. Nisa Investment Advisors LLC now owns 3,279 shares of the company's stock worth $38,000 after acquiring an additional 2,167 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Flywire in the 4th quarter worth approximately $77,000. GAMMA Investing LLC boosted its stake in shares of 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 purchasing an additional 4,059 shares in the last quarter. CWM LLC increased its holdings in Flywire by 850.9% during the second quarter. CWM LLC now owns 6,447 shares of the company's stock valued at $75,000 after buying an additional 5,769 shares during the period. Finally, Cetera Investment Advisers purchased a new position in Flywire during the fourth quarter valued at approximately $225,000. Hedge funds and other 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.