Flywire Co. (NASDAQ:FLYW - Free Report) - Investment analysts at Seaport Res Ptn cut their Q4 2024 earnings per share (EPS) estimates for shares of Flywire in a research note issued on Wednesday, November 27th. Seaport Res Ptn analyst J. Cantwell now anticipates that the company will post earnings of $0.03 per share for the quarter, down from their previous estimate of $0.05. The consensus estimate for Flywire's current full-year earnings is $0.09 per share. Seaport Res Ptn also issued estimates for Flywire's Q1 2025 earnings at $0.06 EPS, Q4 2025 earnings at $0.03 EPS, Q2 2026 earnings at $0.03 EPS, Q3 2026 earnings at $0.28 EPS and FY2026 earnings at $0.46 EPS.
A number of other equities research analysts also recently weighed in on the stock. Royal Bank of Canada dropped their price target on shares of Flywire from $34.00 to $25.00 and set an "outperform" rating for the company in a research report on Wednesday, August 7th. Morgan Stanley lifted their price target on Flywire from $20.00 to $21.00 and gave the company an "equal weight" rating in a research note on Monday, November 11th. Citigroup lowered their target price on Flywire from $27.00 to $25.00 and set a "buy" rating for the company in a research report on Wednesday, August 7th. Raymond James increased their price objective on shares of Flywire from $23.00 to $27.00 and gave the stock a "strong-buy" rating in a research report on Friday, November 8th. Finally, BTIG Research dropped their price objective on shares of Flywire from $27.00 to $26.00 and set a "buy" rating on the stock in a report on Wednesday, August 7th. Four analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $25.29.
Check Out Our Latest Stock Report on Flywire
Flywire Trading Up 1.3 %
Shares of FLYW traded up $0.29 during midday trading on Monday, reaching $23.00. The stock had a trading volume of 1,034,030 shares, compared to its average volume of 1,409,013. The firm has a 50 day simple moving average of $18.70 and a 200-day simple moving average of $17.79. Flywire has a one year low of $15.19 and a one year high of $31.54. The firm has a market cap of $2.86 billion, a PE ratio of 151.93, a P/E/G ratio of 4.38 and a beta of 0.95.
Insiders Place Their Bets
In related news, General Counsel Peter Butterfield sold 1,769 shares of the stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $18.04, for a total value of $31,912.76. Following the completion of the sale, the general counsel now owns 273,517 shares of the company's stock, valued at approximately $4,934,246.68. This trade represents a 0.64 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CTO David R. King sold 3,504 shares of the business's stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $17.31, for a total transaction of $60,654.24. Following the completion of the transaction, the chief technology officer now owns 616,680 shares in the company, valued at $10,674,730.80. The trade was a 0.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 26,966 shares of company stock worth $480,143. 3.90% of the stock is owned by corporate insiders.
Institutional Investors Weigh In On Flywire
A number of hedge funds have recently bought and sold shares of the stock. Quarry LP purchased a new stake in Flywire in the second quarter valued at $26,000. Headlands Technologies LLC boosted its stake in shares of Flywire by 82.3% during the 2nd quarter. Headlands Technologies LLC now owns 3,343 shares of the company's stock worth $55,000 after acquiring an additional 1,509 shares in the last quarter. Daiwa Securities Group Inc. purchased a new position in Flywire during the 2nd quarter valued at about $64,000. Advisors Asset Management Inc. raised its holdings 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 worth $66,000 after acquiring an additional 539 shares during the last quarter. Finally, SG Americas Securities LLC purchased a new position in Flywire in the 3rd quarter valued at about $149,000. Institutional investors and hedge funds own 95.90% of the company's stock.
Flywire Company Profile
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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.
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