B. Riley Estimates Flywire's FY2024 Earnings (NASDAQ:FLYW)

Flywire Co. (NASDAQ:FLYW - Free Report) - Stock analysts at B. Riley lifted their FY2024 earnings per share estimates for Flywire in a research note issued to investors on Monday, January 13th. B. Riley analyst H. Goetsch now expects that the company will earn $0.15 per share for the year, up from their prior forecast of $0.02. B. Riley currently has a "Buy" rating and a $30.00 target price on the stock. The consensus estimate for Flywire's current full-year earnings is $0.13 per share. B. Riley also issued estimates for Flywire's Q4 2024 earnings at $0.00 EPS, FY2025 earnings at $0.53 EPS and FY2026 earnings at $1.03 EPS.

Several other equities analysts have also recently issued reports on the stock. Wells Fargo & Company cut shares of Flywire from an "overweight" rating to an "equal weight" rating and decreased their target price for the company from $20.00 to $18.00 in a research note on Friday, October 11th. The Goldman Sachs Group increased their target price on shares of Flywire from $22.00 to $27.00 and gave the stock a "buy" rating in a research note on Monday, December 2nd. Deutsche Bank Aktiengesellschaft lifted their price target on Flywire from $23.00 to $26.00 and gave the company a "buy" rating in a research note on Monday, December 2nd. Seaport Res Ptn downgraded Flywire from a "strong-buy" rating to a "hold" rating in a research report on Tuesday. Finally, Morgan Stanley boosted their price objective on Flywire from $20.00 to $21.00 and gave the company an "equal weight" rating in a research report on Monday, November 11th. Five equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $25.36.

Flywire Trading Up 2.2 %

Flywire stock traded up $0.41 during mid-day trading on Wednesday, hitting $19.44. The company had a trading volume of 84,704 shares, compared to its average volume of 1,242,244. The company has a market capitalization of $2.42 billion, a price-to-earnings ratio of 129.60, a P/E/G ratio of 3.03 and a beta of 1.10. Flywire has a 12-month low of $15.19 and a 12-month high of $31.54. The company's fifty day moving average is $20.94 and its 200-day moving average is $18.59.

Institutional Investors Weigh In On Flywire

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. FMR LLC lifted its stake in shares of Flywire by 3.6% in the third quarter. FMR LLC now owns 9,408,098 shares of the company's stock worth $154,199,000 after buying an additional 326,120 shares in the last quarter. Westfield Capital Management Co. LP lifted its stake in Flywire by 19.3% in the 3rd quarter. Westfield Capital Management Co. LP now owns 6,226,912 shares of the company's stock worth $102,059,000 after purchasing an additional 1,006,516 shares in the last quarter. State Street Corp boosted its holdings in shares of Flywire by 5.2% during the 3rd quarter. State Street Corp now owns 2,930,906 shares of the company's stock worth $48,038,000 after purchasing an additional 145,894 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Flywire by 0.6% during the 3rd quarter. Geode Capital Management LLC now owns 2,799,486 shares of the company's stock worth $45,892,000 after purchasing an additional 17,062 shares during the last quarter. Finally, Jennison Associates LLC grew its position in shares of Flywire by 5.3% in the third quarter. Jennison Associates LLC now owns 2,226,750 shares of the company's stock valued at $36,496,000 after purchasing an additional 112,218 shares in the last quarter. 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.