Flywire (NASDAQ:FLYW) Sees Strong Trading Volume - Should You Buy?

Flywire Co. (NASDAQ:FLYW - Get Free Report) shares saw unusually-high trading volume on Monday . Approximately 3,397,344 shares changed hands during trading, an increase of 39% from the previous session's volume of 2,440,257 shares.The stock last traded at $10.52 and had previously closed at $9.96.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. Raymond James cut Flywire from a "strong-buy" rating to an "outperform" rating and cut their price objective for the company from $29.00 to $17.00 in a research report on Wednesday, February 26th. Morgan Stanley reduced their target price on shares of Flywire from $21.00 to $15.00 and set an "equal weight" rating for the company in a report on Wednesday, February 26th. Stephens cut shares of Flywire from an "overweight" rating to an "equal weight" rating and lowered their price target for the company from $26.00 to $15.00 in a report on Wednesday, February 26th. The Goldman Sachs Group cut Flywire from a "buy" rating to a "neutral" rating and reduced their price objective for the stock from $26.00 to $15.00 in a report on Wednesday, February 26th. Finally, UBS Group lowered Flywire from a "buy" rating to a "neutral" rating and lowered their target price for the stock from $25.00 to $15.00 in a research note on Wednesday, February 26th. Ten research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, Flywire currently has an average rating of "Hold" and an average price target of $18.23.

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Flywire Stock Down 3.7 %

The firm has a market capitalization of $1.18 billion, a P/E ratio of 63.90, a PEG ratio of 1.41 and a beta of 1.17. The business's 50 day moving average is $15.42 and its 200-day moving average is $17.86.

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

Insider Buying and Selling

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

Institutional Trading of Flywire

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FLYW. Global Retirement Partners LLC purchased a new stake in shares of Flywire in the fourth quarter worth approximately $30,000. Arcadia Investment Management Corp MI bought a new position in Flywire during the fourth quarter worth about $48,000. Advisors Asset Management Inc. raised its position in shares of Flywire by 15.4% in the third quarter. Advisors Asset Management Inc. now owns 4,046 shares of the company's stock valued at $66,000 after purchasing an additional 539 shares during the period. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Flywire during the 4th quarter valued at approximately $77,000. Finally, KBC Group NV grew its stake in Flywire by 64.0% in the 4th quarter. KBC Group NV now owns 4,899 shares of the company's stock valued at $101,000 after buying an additional 1,911 shares in the last quarter. 95.90% of the stock is owned by institutional investors.

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.