Flywire (FLYW) Stock Forecast, Price & News

8 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Flywire in the last twelve months. There are currently 1 hold rating, 6 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" FLYW shares.
View FLYW analyst ratings or view top-rated stocks.

8 brokerages have issued 12 month price targets for Flywire's stock. Their FLYW share price forecasts range from $25.00 to $36.00. On average, they anticipate the company's stock price to reach $32.00 in the next year. This suggests a possible upside of 8.3% from the stock's current price.
View analysts price targets for FLYW or view top-rated stocks among Wall Street analysts.

Flywire's stock was trading at $24.47 at the start of the year. Since then, FLYW stock has increased by 20.7% and is now trading at $29.54.
View the best growth stocks for 2023 here.

Flywire saw a decline in short interest in the month of May. As of May 15th, there was short interest totaling 2,580,000 shares, a decline of 5.5% from the April 30th total of 2,730,000 shares. Based on an average daily trading volume, of 854,800 shares, the days-to-cover ratio is presently 3.0 days. Currently, 2.7% of the company's shares are sold short.
View Flywire's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, August 8th 2023.
View our FLYW earnings forecast.

Flywire Co. (NASDAQ:FLYW) released its earnings results on Tuesday, February, 28th. The company reported ($0.01) EPS for the quarter, beating the consensus estimate of ($0.11) by $0.10. The business earned $73.05 million during the quarter, compared to the consensus estimate of $65.50 million. Flywire had a negative trailing twelve-month return on equity of 6.89% and a negative net margin of 10.30%. The firm's revenue was up 42.1% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.11) EPS.

ETFs with the largest weight of Flywire (NASDAQ:FLYW) stock in their portfolio include Innovator IBD 50 ETF (FFTY), Fidelity Crypto Industry and Digital Payments ETF (FDIG), ETFMG Prime Mobile Payments ETF (IPAY), Global X FinTech Thematic ETF (FINX), Invesco Raymond James SB-1 Equity ETF (RYJ), First Trust Small Cap Growth AlphaDEX Fund (FYC), First Trust Multi-Manager Small Cap Opportunities ETF (MMSC) and AAM Transformers ETF (TRFM).

Flywire updated its second quarter 2023 earnings guidance on Tuesday, May, 9th. The company provided EPS guidance of for the period. The company issued revenue guidance of $76.00 million-$81.00 million, compared to the consensus revenue estimate of $71.00 million.

(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 trades on the NASDAQ under the ticker symbol "FLYW."

Flywire's stock is owned by many different institutional and retail investors. Top institutional shareholders include BlackRock Inc. (3.47%), Ameriprise Financial Inc. (2.36%), Fred Alger Management LLC (2.23%), Blair William & Co. IL (2.04%), GW&K Investment Management LLC (2.03%) and Allspring Global Investments Holdings LLC (1.67%). Insiders that own company stock include Alex Finkelstein, Bain Capital Venture Investors, David R King, 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.
View institutional ownership trends.

Shares of FLYW stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

One share of FLYW stock can currently be purchased for approximately $29.54.

Flywire (NASDAQ:FLYW) has a market capitalization of $3.27 billion and generates $289.38 million in revenue each year. The company earns $-39,350,000.00 in net income (profit) each year or ($0.30) on an earnings per share basis.

The company employs 665 workers across the globe.

Flywire's mailing address is 141 TREMONT STREET SUITE 10, BOSTON MA, 02111. The official website for the company is www.flywire.com. The company can be reached via phone at 617-329-4524 or via email at flywireir@icrinc.com.