Brokerages Set Flywire Co. (NASDAQ:FLYW) Price Target at $26.07

Shares of Flywire Co. (NASDAQ:FLYW - Get Free Report) have received a consensus recommendation of "Moderate Buy" from the fifteen research firms that are currently covering the firm, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating on the company. The average 12 month price objective among analysts that have covered the stock in the last year is $26.07.

A number of equities research analysts have issued reports on FLYW shares. B. Riley reiterated a "buy" rating and set a $30.00 target price on shares of Flywire in a report on Wednesday, October 2nd. Citigroup lowered their price objective on Flywire from $27.00 to $25.00 and set a "buy" rating for the company in a research report on Wednesday, August 7th. Wells Fargo & Company cut shares of Flywire from an "overweight" rating to an "equal weight" rating and reduced their target price for the company from $20.00 to $18.00 in a report on Friday, October 11th. Deutsche Bank Aktiengesellschaft decreased their price target on Flywire from $25.00 to $22.00 and set a "buy" rating for the company in a report on Wednesday, August 7th. Finally, BTIG Research lowered their target price on shares of Flywire from $27.00 to $26.00 and set a "buy" rating for the company in a report on Wednesday, August 7th.

Insiders Place Their Bets

In other Flywire news, CEO Michael Massaro sold 8,629 shares of the company's stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $18.04, for a total transaction of $155,667.16. Following the transaction, the chief executive officer now directly owns 1,739,351 shares in the company, valued at approximately $31,377,892.04. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other Flywire news, CEO Michael Massaro sold 8,629 shares of the company's stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $18.04, for a total value of $155,667.16. Following the sale, the chief executive officer now owns 1,739,351 shares of the company's stock, valued at approximately $31,377,892.04. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CTO David R. King sold 3,353 shares of Flywire stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $18.04, for a total value of $60,488.12. Following the transaction, the chief technology officer now directly owns 620,184 shares of the company's stock, valued at $11,188,119.36. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 26,966 shares of company stock worth $480,143. Corporate insiders own 3.90% of the company's stock.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Quarry LP purchased a new stake in Flywire in the 2nd quarter worth approximately $26,000. Headlands Technologies LLC purchased a new stake in shares of Flywire in the first quarter valued at $46,000. Advisors Asset Management Inc. increased its stake in Flywire by 45.6% in the first quarter. Advisors Asset Management Inc. now owns 3,044 shares of the company's stock valued at $76,000 after purchasing an additional 954 shares during the last quarter. Daiwa Securities Group Inc. purchased a new position in Flywire during the second quarter worth about $64,000. Finally, SG Americas Securities LLC acquired a new stake in Flywire in the 3rd quarter worth about $149,000. 95.90% of the stock is owned by hedge funds and other institutional investors.

Flywire Price Performance

Shares of FLYW traded down $0.15 during mid-day trading on Monday, reaching $17.17. The stock had a trading volume of 691,226 shares, compared to its average volume of 1,390,205. Flywire has a 52-week low of $15.19 and a 52-week high of $31.54. The firm has a market cap of $2.15 billion, a price-to-earnings ratio of -245.29, a P/E/G ratio of 7.46 and a beta of 0.97. The business's fifty day moving average is $17.07 and its 200 day moving average is $17.61.

Flywire (NASDAQ:FLYW - Get Free Report) last released its quarterly earnings results on Tuesday, August 6th. The company reported ($0.11) earnings per share for the quarter, missing analysts' consensus estimates of ($0.10) by ($0.01). Flywire had a negative return on equity of 1.03% and a negative net margin of 1.85%. The business had revenue of $103.68 million for the quarter, compared to analysts' expectations of $100.30 million. During the same quarter in the prior year, the company posted ($0.15) earnings per share. The business's revenue for the quarter was up 22.2% compared to the same quarter last year. As a group, sell-side analysts anticipate that Flywire will post 0.05 EPS for the current fiscal year.

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.