Flywire Co. (NASDAQ:FLYW) Receives Average Rating of "Hold" from Analysts

Shares of Flywire Co. (NASDAQ:FLYW - Get Free Report) have been given a consensus recommendation of "Hold" by the fifteen brokerages that are currently covering the firm, MarketBeat Ratings reports. Ten analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $18.23.

FLYW has been the topic of a number of research analyst reports. UBS Group downgraded shares of Flywire from a "buy" rating to a "neutral" rating and decreased their price objective for the stock from $25.00 to $15.00 in a report on Wednesday, February 26th. Deutsche Bank Aktiengesellschaft cut Flywire from a "buy" rating to a "hold" rating and lowered their price target for the stock from $26.00 to $16.00 in a report on Wednesday, February 26th. Seaport Res Ptn downgraded Flywire from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, January 14th. The Goldman Sachs Group cut Flywire from a "buy" rating to a "neutral" rating and dropped their price target for the company from $26.00 to $15.00 in a research report on Wednesday, February 26th. Finally, BTIG Research lowered shares of Flywire from a "buy" rating to a "neutral" rating in a research report on Wednesday, February 26th.

Flywire Trading Down 3.5 %

Shares of Flywire stock traded down $0.35 on Thursday, reaching $9.60. 1,569,123 shares of the stock were exchanged, compared to its average volume of 1,610,514. Flywire has a 1-year low of $8.62 and a 1-year high of $24.97. The business has a fifty day moving average price of $15.22 and a two-hundred day moving average price of $17.81. The firm has a market capitalization of $1.19 billion, a PE ratio of 64.00, a PEG ratio of 1.41 and a beta of 1.17.

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Flywire (NASDAQ:FLYW - Get Free Report) last posted its quarterly earnings results on Tuesday, February 25th. The company reported ($0.12) earnings per share for the quarter, missing analysts' consensus estimates of ($0.01) by ($0.11). The business had revenue of $112.80 million during the quarter, compared to analysts' expectations of $118.85 million. Flywire had a net margin of 4.23% and a return on equity of 2.49%. Research analysts expect that Flywire will post 0.14 EPS for the current year.

Insiders Place Their Bets

In other Flywire news, Director Gretchen Howard bought 8,889 shares of Flywire stock in a transaction that occurred on Thursday, February 27th. The shares were purchased at an average cost of $10.94 per share, for a total transaction of $97,245.66. Following the completion of the transaction, the director now owns 30,770 shares of the company's stock, valued at $336,623.80. This represents a 40.62 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, General Counsel Peter Butterfield sold 5,523 shares of the firm's stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $10.08, for a total value of $55,671.84. Following the completion of the sale, the general counsel now directly owns 247,561 shares in the company, valued at approximately $2,495,414.88. The trade was a 2.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 3.90% of the company's stock.

Hedge Funds Weigh In On Flywire

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Quest Partners LLC increased its holdings in shares of Flywire by 575.1% during the 3rd quarter. Quest Partners LLC now owns 14,622 shares of the company's stock worth $240,000 after buying an additional 12,456 shares during the last quarter. Advisors Asset Management Inc. grew its position in Flywire by 15.4% during the third quarter. Advisors Asset Management Inc. now owns 4,046 shares of the company's stock valued at $66,000 after acquiring an additional 539 shares during the period. Intech Investment Management LLC acquired a new stake in Flywire during the third quarter worth about $529,000. Charles Schwab Investment Management Inc. raised its holdings in shares of Flywire by 2.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 931,914 shares of the company's stock worth $15,274,000 after purchasing an additional 21,655 shares during the period. Finally, Dynamic Technology Lab Private Ltd purchased a new position in shares of Flywire in the 3rd quarter worth about $275,000. Institutional investors and hedge funds 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.