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S&P 500   4,274.04
DOW   33,980.32
QQQ   328.49
Are These 3 Video Game Stocks Now In Play?
“No Historic Crash Is Coming, What’s NEXT, Is Much Worse…” (PhD Economist) (Ad)
Agilent Technologies Proves Its Worth VS Illumina 
Target’s Results Cap Upside Potential For Retail Stocks 
Wind energy boom and golden eagles collide in the US West
“No Historic Crash Is Coming, What’s NEXT, Is Much Worse…” (PhD Economist) (Ad)
Lowe’s Stands Out Amid Q2 Retail Reports 
Egypt's central bank governor resigns as economic woes mount
Stocks slip on Wall Street, erasing weekly gains for S&P 500
Market Wizard Who Accurately Predicted 2022 Market Collapse Has Shocking New Forecast (Ad)
S&P 500   4,274.04
DOW   33,980.32
QQQ   328.49
Are These 3 Video Game Stocks Now In Play?
“No Historic Crash Is Coming, What’s NEXT, Is Much Worse…” (PhD Economist) (Ad)
Agilent Technologies Proves Its Worth VS Illumina 
Target’s Results Cap Upside Potential For Retail Stocks 
Wind energy boom and golden eagles collide in the US West
“No Historic Crash Is Coming, What’s NEXT, Is Much Worse…” (PhD Economist) (Ad)
Lowe’s Stands Out Amid Q2 Retail Reports 
Egypt's central bank governor resigns as economic woes mount
Stocks slip on Wall Street, erasing weekly gains for S&P 500
Market Wizard Who Accurately Predicted 2022 Market Collapse Has Shocking New Forecast (Ad)
S&P 500   4,274.04
DOW   33,980.32
QQQ   328.49
Are These 3 Video Game Stocks Now In Play?
“No Historic Crash Is Coming, What’s NEXT, Is Much Worse…” (PhD Economist) (Ad)
Agilent Technologies Proves Its Worth VS Illumina 
Target’s Results Cap Upside Potential For Retail Stocks 
Wind energy boom and golden eagles collide in the US West
“No Historic Crash Is Coming, What’s NEXT, Is Much Worse…” (PhD Economist) (Ad)
Lowe’s Stands Out Amid Q2 Retail Reports 
Egypt's central bank governor resigns as economic woes mount
Stocks slip on Wall Street, erasing weekly gains for S&P 500
Market Wizard Who Accurately Predicted 2022 Market Collapse Has Shocking New Forecast (Ad)
NASDAQ:FLYW

Flywire - FLYW Stock Forecast, Price & News

$27.15
-0.96 (-3.42%)
(As of 08/17/2022 12:00 AM ET)
Add
Compare
Today's Range
$26.06
$27.41
50-Day Range
$15.24
$28.11
52-Week Range
$14.56
$57.41
Volume
1.04 million shs
Average Volume
876,860 shs
Market Capitalization
$2.91 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$36.71

Flywire MarketRank™ Forecast

Analyst Rating
Buy
3.14 Rating Score
Upside/​Downside
35.2% Upside
$36.71 Price Target
Short Interest
Healthy
3.26% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.24mentions of Flywire in the last 14 days
Based on 27 Articles This Week
Insider Trading
Selling Shares
$84.90 M Sold Last Quarter
Proj. Earnings Growth
Growing
From ($0.34) to ($0.10) Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.39 out of 5 stars

Business Services Sector

114th out of 344 stocks

Business Services, Not Elsewhere Classified Industry

44th out of 108 stocks

FLYW stock logo

About Flywire (NASDAQ:FLYW) Stock

Flywire Corporation, together with its subsidiaries, operates as a payment enablement and software company in the United States, Canada, and the United Kingdom, 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; and provides direct connections to alternative payment methods, such as Alipay, Boleto, PayPal/Venmo, and Trustly. It serves education, healthcare, travel, and business to business organizations. Flywire Corporation was formerly known as peerTransfer Corporation and changed its name to Flywire Corporation in December 2016. Flywire Corporation was incorporated in 2009 and is headquartered in Boston, Massachusetts.

Analyst Ratings Changes

Several equities analysts have recently weighed in on FLYW shares. The Goldman Sachs Group raised their price target on shares of Flywire to $32.00 in a research note on Monday. Stephens assumed coverage on Flywire in a research report on Thursday, June 9th. They issued an "overweight" rating and a $24.00 price target for the company. Raymond James reduced their price objective on Flywire from $39.00 to $33.00 in a research report on Wednesday, May 11th. Finally, Wells Fargo & Company upped their target price on Flywire from $28.00 to $29.00 and gave the company an "overweight" rating in a report on Wednesday, August 10th. Six investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Flywire has a consensus rating of "Buy" and an average price target of $36.71.

Flywire Trading Down 3.4 %

FLYW traded down $0.96 during trading hours on Wednesday, reaching $27.15. The company's stock had a trading volume of 1,039,382 shares, compared to its average volume of 876,860. The stock has a market cap of $2.91 billion, a PE ratio of -77.57 and a beta of 1.81. Flywire has a fifty-two week low of $14.56 and a fifty-two week high of $57.41. The company has a debt-to-equity ratio of 0.06, a current ratio of 3.92 and a quick ratio of 3.92. The business's 50-day moving average is $20.94 and its 200-day moving average is $24.42.

Flywire (NASDAQ:FLYW - Get Rating) last posted its earnings results on Tuesday, August 9th. The company reported ($0.22) EPS for the quarter, missing analysts' consensus estimates of ($0.17) by ($0.05). The business had revenue of $56.40 million during the quarter, compared to analysts' expectations of $47.61 million. Flywire had a negative net margin of 14.98% and a negative return on equity of 7.37%. Flywire's revenue for the quarter was up 52.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.16) EPS. As a group, equities research analysts predict that Flywire will post -0.34 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, major shareholder Bain Capital Venture Investors sold 1,240,490 shares of the firm's stock in a transaction on Friday, June 3rd. The stock was sold at an average price of $19.60, for a total transaction of $24,313,604.00. Following the completion of the transaction, the insider now directly owns 15,299,374 shares in the company, valued at $299,867,730.40. The transaction was disclosed in a document filed with the SEC, which is available at this link. In related news, Director Jo Natauri sold 451,401 shares of Flywire stock in a transaction that occurred on Thursday, June 2nd. The shares were sold at an average price of $20.48, for a total value of $9,244,692.48. Following the completion of the transaction, the director now owns 1,996,137 shares in the company, valued at $40,880,885.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Bain Capital Venture Investors sold 1,240,490 shares of the stock in a transaction that occurred on Friday, June 3rd. The stock was sold at an average price of $19.60, for a total transaction of $24,313,604.00. Following the sale, the insider now owns 15,299,374 shares in the company, valued at $299,867,730.40. The disclosure for this sale can be found here. In the last quarter, insiders sold 2,068,437 shares of company stock valued at $40,592,236. Company insiders own 37.50% of the company's stock.

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FLYW Stock News Headlines

Flywire (NASDAQ:FLYW) Shares Gap Up After Analyst Upgrade
Flywire (NASDAQ:FLYW) PT Raised to $29.00
Why Flywire Stock Popped Today
Flywire: Q2 Earnings Insights - Benzinga
Flywire Reports Second Quarter 2022 Financial Results
Earnings Outlook For Flywire - Benzinga
Flywire (FLYW) Set to Announce Quarterly Earnings on Tuesday
Flywire Co. (NASDAQ:FLYW) Short Interest Down 15.5% in July
See More Headlines
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FLYW Company Calendar

Last Earnings
8/09/2022
Today
8/17/2022
Next Earnings (Estimated)
11/08/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Business services, not elsewhere classified
Sub-Industry
N/A
Current Symbol
NASDAQ:FLYW
Fax
N/A
Employees
665
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$36.71
High Stock Price Forecast
$55.00
Low Stock Price Forecast
$24.00
Forecasted Upside/Downside
+35.2%
Consensus Rating
Buy
Rating Score (0-4)
3.14
Research Coverage
7 Analysts

Profitability

Net Income
$-28,080,000.00
Pretax Margin
-13.60%

Debt

Sales & Book Value

Annual Sales
$201.15 million
Book Value
$4.31 per share

Miscellaneous

Free Float
67,009,000
Market Cap
$2.91 billion
Optionable
Not Optionable
Beta
1.81














FLYW Stock - Frequently Asked Questions

Should I buy or sell Flywire stock right now?

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

What is Flywire's stock price forecast for 2022?

7 Wall Street analysts have issued 12 month price objectives for Flywire's stock. Their FLYW share price forecasts range from $24.00 to $55.00. On average, they expect the company's share price to reach $36.71 in the next year. This suggests a possible upside of 35.2% from the stock's current price.
View analysts price targets for FLYW
or view top-rated stocks among Wall Street analysts.

How have FLYW shares performed in 2022?

Flywire's stock was trading at $38.06 on January 1st, 2022. Since then, FLYW shares have decreased by 28.7% and is now trading at $27.15.
View the best growth stocks for 2022 here
.

When is Flywire's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 8th 2022.
View our FLYW earnings forecast
.

How were Flywire's earnings last quarter?

Flywire Co. (NASDAQ:FLYW) released its quarterly earnings results on Tuesday, August, 9th. The company reported ($0.22) EPS for the quarter, missing the consensus estimate of ($0.17) by $0.05. The business had revenue of $56.40 million for the quarter, compared to the consensus estimate of $47.61 million. Flywire had a negative trailing twelve-month return on equity of 7.37% and a negative net margin of 14.98%. The business's revenue was up 52.4% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.16) earnings per share.

What guidance has Flywire issued on next quarter's earnings?

Flywire updated its third quarter 2022 earnings guidance on Tuesday, August, 16th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $93.70 million-$97.50 million, compared to the consensus revenue estimate of $88.50 million.

When did Flywire IPO?

(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 served 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.

What is Flywire's stock symbol?

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

Who are Flywire's major shareholders?

Flywire's stock is owned by a variety of retail and institutional investors. Top institutional investors include Millennium Management LLC (2.15%), FMR LLC (1.77%), Franklin Resources Inc. (1.57%), Driehaus Capital Management LLC (1.31%), Woodline Partners LP (1.16%) and Hillman Co. (1.15%). Insiders that own company stock include Bain Capital Venture Investors, David R King, Goldman Sachs Group Inc, Jo Natauri, Michael G Ellis, Michael Massaro, Peter Butterfield, Phillip John Riese and Rob Orgel.
View institutional ownership trends
.

How do I buy shares of Flywire?

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.

What is Flywire's stock price today?

One share of FLYW stock can currently be purchased for approximately $27.15.

How much money does Flywire make?

Flywire (NASDAQ:FLYW) has a market capitalization of $2.91 billion and generates $201.15 million in revenue each year. The company earns $-28,080,000.00 in net income (profit) each year or ($0.35) on an earnings per share basis.

How many employees does Flywire have?

The company employs 665 workers across the globe.

How can I contact Flywire?

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.

This page (NASDAQ:FLYW) was last updated on 8/18/2022 by MarketBeat.com Staff

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